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

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

The MENA's lucerne meal and pellets market rose remarkably to $X in 2021, surging by 9.2% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in MENA

In value terms, lucerne meal and pellets production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 34%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in MENA

In 2021, approx. X tons of lucerne (alfalfa) meal and pellets were exported in MENA; jumping by 38% compared with the previous year's figure. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 63%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, lucerne meal and pellets exports surged to $X in 2021. Over the period under review, exports saw moderate growth. The pace of growth was the most pronounced in 2016 when exports increased by 67% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Oman (X tons) and Egypt (X tons) prevails in exports structure, together generating 87% of total exports. It was distantly followed by Turkey (X tons), mixing up a 6% share of total exports. Iran (X tons) and the United Arab Emirates (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +47.2%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Egypt ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 92% of total exports.

Turkey, with a CAGR of +52.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, declining by -10.3% against the previous year. Overall, the export price recorded a deep slump. The growth pace was the most rapid in 2015 an increase of 82% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+6.7%), while the other leaders experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in MENA

In 2021, purchases abroad of lucerne (alfalfa) meal and pellets increased by 12% to X tons, rising for the second consecutive year after four years of decline. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 69%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, lucerne meal and pellets imports expanded rapidly to $X in 2021. Total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 63% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the major importers of lucerne (alfalfa) meal and pellets in 2021, finishing at near 37% and 31% of total imports, respectively. Jordan (X tons) ranks next in terms of the total imports with an 8.3% share, followed by Qatar (7.1%). Lebanon (X tons), Kuwait (X tons) and Morocco (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lucerne meal and pellets importing markets in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X), with a combined 72% share of total imports. Jordan, Lebanon, Kuwait and Morocco lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Jordan, with a CAGR of +34.2%, recorded 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 MENA amounted to $X per ton, rising by 1.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 19% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform