Ukraine: Market for Lucerne (Alfalfa) Meal And Pellets 2024

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

The Ukrainian lucerne meal and pellets market expanded to $X in 2021, with an increase of 3.3% against the previous year. In general, consumption, however, recorded a pronounced slump. Over the period under review, the market reached the peak 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 Ukraine

In value terms, lucerne meal and pellets production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 70%. Over the period under review, production reached the maximum level 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 Ukraine

Lucerne meal and pellets exports from Ukraine dropped rapidly to X tons in 2021, which is down by -52.1% on the previous year. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 618%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, lucerne meal and pellets exports shrank markedly to $X in 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 942% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for lucerne meal and pellets exports from Ukraine, accounting for a 25% share of total exports. Moreover, lucerne meal and pellets exports to Greece exceeded the volume sent to the second major destination, Kuwait (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 7.1% share.

From 2013 to 2021, the average annual growth rate of volume to Greece stood at +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+31.5% per year) and South Korea (+83.7% per year).

In value terms, the largest markets for lucerne meal and pellets exported from Ukraine were Greece ($X), Kuwait ($X) and Jordan ($X), with a combined 45% share of total exports. These countries were followed by South Korea, Saudi Arabia, Poland and the United Arab Emirates, which together accounted for a further 18%.

In terms of the main countries of destination, South Korea, with a CAGR of +91.8%, saw the highest growth rate of 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

The average lucerne meal and pellets export price stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the period under review, export price indicated a prominent expansion from 2013 to 2021: its price increased at an average annual rate of +11.1% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lucerne meal and pellets export price increased by +132.9% against 2013 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 45%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Ukraine

In 2021, overseas purchases of lucerne (alfalfa) meal and pellets decreased by 0% to X tons, falling for the fourth year in a row after two years of decline. In general, imports posted a tangible expansion. The smallest decline of -49.5% was in 2019. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, lucerne meal and pellets imports totaled $X in 2021. Overall, imports showed a significant increase. The smallest decline of -35.4% was in 2018. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Jordan (X tons) was the main lucerne meal and pellets supplier to Ukraine, accounting for a approx. 100% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of volume from Jordan was relatively modest.

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

From 2015 to 2021, the average annual rate of growth in terms of value from Jordan was relatively modest.

Import Prices by Country

In 2021, the average lucerne meal and pellets import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price saw a significant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 51%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

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

From 2015 to 2021, the rate of growth in terms of prices for Russia amounted to +11.8% per year.

Source: IndexBox Platform

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