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

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

In 2021, the Spanish lucerne meal and pellets market increased by 36% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Lucerne meal and pellets consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in Spain

In value terms, lucerne meal and pellets production soared to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +106.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Spain

In 2021, approx. X tons of lucerne (alfalfa) meal and pellets were exported from Spain; picking up by 51% against 2020 figures. Over the period under review, exports, however, showed a slight slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lucerne meal and pellets exports soared to $X in 2021. Overall, exports, however, showed a pronounced setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for lucerne meal and pellets exports from Spain, with a 38% share of total exports. Moreover, lucerne meal and pellets exports to Saudi Arabia exceeded the volume sent to the second major destination, France (X tons), twofold. China (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.4% per year) and China (+55.7% per year).

In value terms, the largest markets for lucerne meal and pellets exported from Spain were Saudi Arabia ($X), France ($X) and China ($X), with a combined 57% share of total exports. These countries were followed by South Korea, Portugal, Lebanon, Jordan, Iraq, Morocco, Colombia, Egypt, the United Arab Emirates and Tunisia, which together accounted for a further 30%.

Among the main countries of destination, Colombia, with a CAGR of +366.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lucerne meal and pellets export price amounted to $X per ton, increasing by 2.6% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Spain

In 2021, overseas purchases of lucerne (alfalfa) meal and pellets decreased by -69.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 3,155%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, lucerne meal and pellets imports contracted notably to $X in 2021. In general, imports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2015 when imports increased by 1,733% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of lucerne meal and pellets imports to Spain, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +107.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of lucerne (alfalfa) meal and pellets to Spain, comprising 58% of total imports. The second position in the ranking was taken by France ($X), with a 22% share of total imports. It was followed by the Netherlands, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.5% per year) and the Netherlands (+114.0% per year).

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, with an increase of 177% against the previous year. In general, the import price saw a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Portugal ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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