Mexico: Market for Lucerne (Alfalfa) Meal And Pellets 2025

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

In 2021, the Mexican lucerne meal and pellets market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a slight shrinkage. 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 Mexico

In value terms, lucerne meal and pellets production stood at $X in 2021 estimated in export price. In general, production, however, recorded a mild setback. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. Lucerne meal and pellets production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Mexico

After three years of growth, shipments abroad of lucerne (alfalfa) meal and pellets decreased by -61% to X tons in 2021. Overall, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 105%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then fell sharply in the following year.

In value terms, lucerne meal and pellets exports dropped dramatically to $X in 2021. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 when exports increased by 112% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then shrank significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for lucerne meal and pellets exports from Mexico, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.2%.

In value terms, the United States ($X) emerged as the key foreign market for lucerne (alfalfa) meal and pellets exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +20.4%.

Export Prices by Country

In 2021, the average lucerne meal and pellets export price amounted to $X per ton, with an increase of 52% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 56%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +17.3% per year.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Mexico

In 2021, approx. X tons of lucerne (alfalfa) meal and pellets were imported into Mexico; shrinking by -69.4% against the previous year. Overall, imports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 145%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, lucerne meal and pellets imports plummeted to $X in 2021. Over the period under review, imports continue to indicate a precipitous descent. The growth pace was the most rapid in 2020 when imports increased by 321%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main lucerne meal and pellets supplier to Mexico, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -37.5%.

In value terms, the United States ($X) constituted the largest supplier of lucerne (alfalfa) meal and pellets to Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -35.3%.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, declining by -35.3% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lucerne meal and pellets import price increased by +30.3% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 71% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +3.4% per year.

Source: IndexBox Platform

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