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

Market Size for Lucerne (Alfalfa) Meal And Pellets in the EU

In 2021, after two years of decline, there was significant growth in the EU lucerne meal and pellets market, when its value increased by 9.5% to $X. Overall, consumption, however, continues to indicate a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in the EU

In value terms, lucerne meal and pellets production stood at $X in 2021 estimated in export price. Overall, production, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in the EU

Lucerne meal and pellets exports rose sharply to X tons in 2021, increasing by 11% on 2020 figures. Overall, exports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lucerne meal and pellets exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Spain (X tons) was the main exporter of lucerne (alfalfa) meal and pellets, making up 54% of total exports. Italy (X tons) held the second position in the ranking, distantly followed by France (X tons). All these countries together took approx. 39% share of total exports. The Netherlands (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to lucerne meal and pellets exports from Spain stood at -1.3%. At the same time, Bulgaria (+28.5%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +28.5% from 2012-2021. By contrast, France (-3.0%), Italy (-4.8%) and the Netherlands (-6.8%) illustrated a downward trend over the same period. While the share of Spain (+6.2 p.p.) and Bulgaria (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Italy (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest lucerne meal and pellets supplier in the European Union, comprising 52% of total exports. The second position in the ranking was held by Italy ($X), with a 26% share of total exports. It was followed by France, with a 14% share.

In Spain, lucerne meal and pellets exports declined by an average annual rate of -2.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (-6.1% per year) and France (-3.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 8.5% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 18% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and France ($X per ton), while Spain ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+0.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in the EU

In 2021, the amount of lucerne (alfalfa) meal and pellets imported in the European Union soared to X tons, rising by 23% compared with 2020 figures. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, lucerne meal and pellets imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 30%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons), France (X tons), Belgium (X tons), Portugal (X tons) and Greece (X tons) was the main importer of lucerne (alfalfa) meal and pellets in the European Union, making up 76% of total import. The Netherlands (X tons) ranks next in terms of the total imports with a 5.3% share, followed by Austria (4.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Austria (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. These countries were followed by Portugal, Greece, the Netherlands and Austria, which together accounted for a further 32%.

In terms of the main importing countries, Greece, with a CAGR of +10.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 1.9% against the previous year. Overall, the import price, however, recorded a slight contraction. The growth pace was the most rapid in 2013 an increase of 11%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Portugal ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+0.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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