Report Update Nov 1, 2024

Sri Lanka - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Lucerne (Alfalfa) Meal And Pellets 2024

Market Size for Lucerne (Alfalfa) Meal And Pellets in Sri Lanka

After three years of growth, the Sri Lankan lucerne meal and pellets market decreased by -2.1% to $X in 2021. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Lucerne meal and pellets consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Lucerne (Alfalfa) Meal And Pellets in Sri Lanka

In value terms, lucerne meal and pellets production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49%. Lucerne meal and pellets production peaked at $X in 2020, and then declined slightly in the following year.

Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Sri Lanka

In 2017, the amount of lucerne (alfalfa) meal and pellets exported from Sri Lanka amounted to X tons, approximately equating 2016 figures. Overall, exports showed a relatively flat trend pattern. The exports peaked in 2017 and are expected to retain growth in the immediate term.

In value terms, lucerne meal and pellets exports amounted to $X in 2017. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked in 2017 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for lucerne meal and pellets exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2017 to 2017, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2017 to 2017, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Sri Lanka

In 2021, after three years of decline, there was significant growth in overseas purchases of lucerne (alfalfa) meal and pellets, when their volume increased by 80% to X tons. Overall, imports posted a modest expansion. The pace of growth was the most pronounced in 2017 when imports increased by 528%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, lucerne meal and pellets imports surged to $X in 2021. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 699% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) was the main lucerne meal and pellets supplier to Sri Lanka, accounting for a 96% share of total imports. Moreover, lucerne meal and pellets imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia was relatively modest.

In value terms, Australia ($X) constituted the largest supplier of lucerne (alfalfa) meal and pellets to Sri Lanka, comprising 97% of total imports. The second position in the ranking was taken by India ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Australia amounted to +12.5%.

Import Prices by Country

The average lucerne meal and pellets import price stood at $X per ton in 2021, growing by 7.3% against the previous year. In general, the import price saw prominent growth. The growth pace was the most rapid in 2017 an increase of 27%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+151.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lucerne (alfalfa) meal and pellets in the world?

China constituted the country with the largest volume of lucerne meal and pellets consumption, comprising approx. 17% of total volume. Moreover, lucerne meal and pellets consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of lucerne (alfalfa) meal and pellets in the world?

The country with the largest volume of lucerne meal and pellets production was China, comprising approx. 16% of total volume. Moreover, lucerne meal and pellets production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of lucerne (alfalfa) meal and pellets to Sri Lanka?

In value terms, Australia constituted the largest supplier of lucerne meal and pellets to Sri Lanka, comprising 96% of total imports. The second position in the ranking was occupied by India, with a 3.9% share of total imports.

What is the average export price for lucerne (alfalfa) meal and pellets in Sri Lanka?

In 2017, the average lucerne meal and pellets export price amounted to $211 per ton, stabilizing at the previous year.

What is the average import price for lucerne (alfalfa) meal and pellets in Sri Lanka?

In 2021, the average lucerne meal and pellets import price amounted to $516 per ton, increasing by 12% against the previous year.

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

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023