We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Southern Asia - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Southern Asia - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Southern Asia: Market for Lucerne (Alfalfa) Meal And Pellets 2024

Market Size for Lucerne (Alfalfa) Meal And Pellets in Southern Asia

The South Asian lucerne meal and pellets market reached $X in 2021, with an increase of 6.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Lucerne (Alfalfa) Meal And Pellets in Southern Asia

In value terms, lucerne meal and pellets production rose notably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 12%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports in Southern Asia

In 2021, shipments abroad of lucerne (alfalfa) meal and pellets increased by 321% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous descent. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, lucerne meal and pellets exports skyrocketed to $X in 2021. In general, exports, however, recorded a sharp shrinkage. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Pakistan (X tons), together accounting for 99% of total export.

Pakistan was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets exports, with a CAGR of -22.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) also remains the largest lucerne meal and pellets supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in Pakistan totaled -23.7%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, falling by -16.3% against the previous year. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 61% 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.

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

From 2012 to 2021, the rate of growth in terms of prices for Pakistan amounted to -2.1% per year.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports in Southern Asia

In 2021, supplies from abroad of lucerne (alfalfa) meal and pellets decreased by -6.8% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 147% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, lucerne meal and pellets imports stood at $X in 2021. In general, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2017 with an increase of 179% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) was the major importer of lucerne (alfalfa) meal and pellets, making up 69% of total imports. It was distantly followed by Sri Lanka (X tons), making up a 31% share of total imports.

India was also the fastest-growing in terms of the lucerne (alfalfa) meal and pellets imports, with a CAGR of +45.7% from 2012 to 2021. At the same time, Sri Lanka (+1.0%) displayed positive paces of growth. From 2012 to 2021, the share of India and Sri Lanka increased by +66 and +4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2021.

Among the main importing countries, India, with a CAGR of +34.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2013 an increase of 38%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Sri Lanka ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+11.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of lucerne meal and pellets consumption was India, accounting for 52% of total volume. Moreover, lucerne meal and pellets consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, twofold. The third position in this ranking was occupied by Bangladesh, with an 18% share.
India remains the largest lucerne meal and pellets producing country in Southern Asia, accounting for 52% of total volume. Moreover, lucerne meal and pellets production in India exceeded the figures recorded by the second-largest producer, Pakistan, twofold. The third position in this ranking was occupied by Bangladesh, with an 18% share.
In value terms, Pakistan remains the largest lucerne meal and pellets supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was occupied by India, with a 3.5% share of total exports.
In value terms, the largest lucerne meal and pellets importing markets in Southern Asia were Pakistan, India and Sri Lanka.
The lucerne meal and pellets export price in Southern Asia stood at $182 per ton in 2021, declining by -10.3% against the previous year.
The lucerne meal and pellets import price in Southern Asia stood at $371 per ton in 2021, waning by -16.7% against the previous year.

This report provides an in-depth analysis of the market for lucerne meal and pellets in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10912000 - Lucerne (alfalfa) meal and pellets

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 415

This report provides an in-depth analysis of the market for lucerne meal and pellets in Asia.

World - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 1263

This report provides an in-depth analysis of the global market for lucerne meal and pellets.

EU - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 425

This report provides an in-depth analysis of the market for lucerne meal and pellets in the EU.

U.S. - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 500

This report provides an in-depth analysis of the market for lucerne meal and pellets in the U.S..

China - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 424

This report provides an in-depth analysis of the market for lucerne meal and pellets in China.

Free Data: Lucerne (Alfalfa) Meal And Pellets - Southern Asia
Table
Lucerne (Alfalfa) Meal And Pellets - Southern Asia - Table
Dashboard
Lucerne (Alfalfa) Meal And Pellets - Southern Asia - Dashboard
Report
Lucerne (Alfalfa) Meal And Pellets - Southern Asia - Report