Report Update Nov 1, 2024

Ecuador - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Lucerne (Alfalfa) Meal And Pellets 2024

Market Size for Lucerne (Alfalfa) Meal And Pellets in Ecuador

In 2021, after four years of growth, there was significant decline in the Ecuadorian lucerne meal and pellets market, when its value decreased by -8.6% to $X. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +93.1% against 2014 indices. Lucerne meal and pellets consumption peaked at $X in 2020, and then reduced in the following year.

Production of Lucerne (Alfalfa) Meal And Pellets in Ecuador

In value terms, lucerne meal and pellets production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded measured growth. The pace of growth was the most pronounced in 2015 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Ecuador

In 2016, shipments abroad of lucerne (alfalfa) meal and pellets decreased by 0% to X tons for the first time since 2013, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a abrupt downturn. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2016, the exports failed to regain momentum.

In value terms, lucerne meal and pellets exports totaled $X in 2016. Overall, exports recorded a sharp slump. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for lucerne meal and pellets exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2013 to 2016, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

From 2013 to 2016, the average annual rate of growth in terms of value to Kuwait was relatively modest.

Export Prices by Country

The average lucerne meal and pellets export price stood at $X per ton in 2016, leveling off at the previous year. Over the period under review, the export price faced a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2016, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2013 to 2016, the rate of growth in terms of prices for Colombia amounted to 0.0% per year.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Ecuador

In 2021, supplies from abroad of lucerne (alfalfa) meal and pellets increased by 100% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 113%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, lucerne meal and pellets imports skyrocketed to $X in 2021. Overall, imports, however, saw a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Argentina (X tons) and Chile (X tons) were the main suppliers of lucerne meal and pellets imports to Ecuador.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +9.5%).

In value terms, the largest lucerne meal and pellets suppliers to Ecuador were Argentina ($X) and Chile ($X).

In terms of the main suppliers, Argentina, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, which is down by -8.6% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Chile totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lucerne (alfalfa) meal and pellets in the world?

China remains the largest lucerne meal and pellets consuming country worldwide, accounting for 17% of total volume. Moreover, lucerne meal and pellets consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of lucerne (alfalfa) meal and pellets in the world?

China constituted the country with the largest volume of lucerne meal and pellets production, accounting for 16% of total volume. Moreover, lucerne meal and pellets production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 6.6% share.

What are the leading suppliers of lucerne (alfalfa) meal and pellets to Ecuador?

In value terms, the largest lucerne meal and pellets suppliers to Ecuador were Argentina and Chile.

What is the average export price for lucerne (alfalfa) meal and pellets in Ecuador?

The average lucerne meal and pellets export price stood at $318 per ton in 2016, leveling off at the previous year.

What is the average import price for lucerne (alfalfa) meal and pellets in Ecuador?

In 2021, the average lucerne meal and pellets import price amounted to $269 per ton, reducing by -22.7% against the previous year.

This report provides an in-depth analysis of the market for lucerne meal and pellets in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10912000 - Lucerne (alfalfa) meal and pellets

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023