Puerto Rico: Market for Lucerne (Alfalfa) Meal And Pellets 2024

Market Size for Lucerne (Alfalfa) Meal And Pellets in Puerto Rico

The Puerto Rican lucerne meal and pellets market was estimated at less than $X in 2021, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Puerto Rico

In 2021, lucerne meal and pellets exports from Puerto Rico stood at less than X kg, remaining relatively unchanged against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, lucerne meal and pellets exports stood at less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

In 2021, Spain (X tons) was the key exporter of lucerne (alfalfa) meal and pellets, mixing up 30% of total exports. Italy (X tons) took the second position in the ranking, followed by the United States (X tons), South Africa (X tons), France (X tons), Canada (X tons), Oman (X tons) and South Sudan (X tons). All these countries together held near 55% share of total exports. The following exporters - Australia (X tons) and the Netherlands (X tons) - each resulted at a 3.4% share of total exports.

Exports from Spain decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, South Africa (+23.5%), Oman (+11.1%) and Canada (+1.5%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.5% from 2012-2021. By contrast, South Sudan (-2.9%), France (-3.0%), the United States (-4.3%), Italy (-4.8%), the Netherlands (-6.8%) and Australia (-9.8%) illustrated a downward trend over the same period. While the share of South Africa (+7.9 p.p.) and Oman (+3.3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of France (-1.6 p.p.), Australia (-2.5 p.p.), the United States (-3.6 p.p.) and Italy (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest lucerne meal and pellets supplier from Puerto Rico, comprising 26% of global exports. The second position in the ranking was taken by Italy ($X), with a 13% share of global exports. It was followed by South Africa, with an 11% share.

In Spain, lucerne meal and pellets exports decreased 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 South Africa (+25.7% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while South Sudan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.8%), while the other leaders experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Puerto Rico

In 2021, approx. less than X kg of lucerne (alfalfa) meal and pellets were imported into Puerto Rico; leveling off at 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, lucerne meal and pellets imports totaled less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the largest importers of lucerne (alfalfa) meal and pellets in 2021, reaching approx. 18% and 15% of total imports, respectively. Japan (X tons) ranks next in terms of the total imports with a 5.5% share, followed by Germany (5.1%). The following importers - France (X tons), the United States (X tons), Belgium (X tons), Jordan (X tons), China (X tons), Portugal (X tons), the UK (X tons), Qatar (X tons) and Greece (X tons) - together made up 34% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +41.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 36% share of total imports. The United States, Qatar, Germany, Jordan, Belgium, the UK, France, China, Portugal and Greece lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Jordan, with a CAGR of +34.2%, saw the highest growth rate of 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 Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

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 ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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