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

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

The Portuguese lucerne meal and pellets market surged to $X in 2021, increasing by 45% against the previous year. Over the period under review, consumption, however, continues to indicate a slight reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in Portugal

In value terms, lucerne meal and pellets production declined dramatically to $X in 2021 estimated in export price. Over the period under review, production saw a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Portugal

In 2021, shipments abroad of lucerne (alfalfa) meal and pellets decreased by -58.4% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 when exports increased by 259%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lucerne meal and pellets exports declined rapidly to $X in 2021. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 174% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Cabo Verde amounted to +23.9%.

In value terms, Cabo Verde ($X) also remains the key foreign market for lucerne (alfalfa) meal and pellets exports from Portugal.

From 2012 to 2021, the average annual growth rate of value to Cabo Verde stood at +21.6%.

Export Prices by Country

In 2021, the average lucerne meal and pellets export price amounted to $X per ton, picking up by 8.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 22%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Cabo Verde amounted to -1.9% per year.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Portugal

Lucerne meal and pellets imports into Portugal skyrocketed to X tons in 2021, with an increase of 58% against the previous year's figure. Over the period under review, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2020 when imports increased by 82%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, lucerne meal and pellets imports skyrocketed to $X in 2021. In general, imports showed a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of 88%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) was the main supplier of lucerne meal and pellets to Portugal, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +4.3%.

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

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +1.6%.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, flattening at the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.5% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -2.6% per year.

Source: IndexBox Platform

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