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Saudi Arabia - Lucerne (Alfalfa) Meal And Pellets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lucerne Meal and Pellets in Saudi Arabia - 2021
Contents:
- Price for Lucerne Meal and Pellets in Saudi Arabia (CIF) - 2022
- Price for Lucerne Meal and Pellets in Saudi Arabia (FOB) - 2022
- Imports of Lucerne Meal and Pellets in Saudi Arabia
- Exports of Lucerne Meal and Pellets in Saudi Arabia
Price for Lucerne Meal and Pellets in Saudi Arabia (CIF) - 2022
In 2022, the average lucerne meal and pellets import price amounted to $219 per ton, declining by -4.9% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum at $426 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($560 per ton), while the price for Spain ($187 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Lucerne Meal and Pellets in Saudi Arabia (FOB) - 2022
The average lucerne meal and pellets export price stood at $459 per ton in 2022, leveling off at the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lucerne meal and pellets export price increased by +57.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 36%. Over the period under review, the average export prices hit record highs at $544 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($982 per ton), while the average price for exports to Oman totaled $457 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+8.8%).
Imports of Lucerne Meal and Pellets in Saudi Arabia
In 2022, imports of lucerne (alfalfa) meal and pellets into Saudi Arabia rose modestly to 268K tons, picking up by 1.7% against the year before. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,752%. As a result, imports reached the peak of 272K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, lucerne meal and pellets imports fell modestly to $59M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 896%.
Import of Lucerne Meal and Pellets in Saudi Arabia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | N/A | 22.8 | 43.8 | 38.2 | 29.4% |
South Africa | N/A | N/A | 1.4 | 5.2 | 271.4% |
Italy | N/A | 33.2 | 11.6 | 4.8 | -62.0% |
United States | N/A | N/A | N/A | 4.1 | 0% |
Argentina | 4.6 | N/A | N/A | 3.0 | -13.3% |
Others | 1.1 | 0.5 | 3.7 | 3.2 | 42.8% |
Total | 5.7 | 56.5 | 60.5 | 58.5 | 117.3% |
Top Suppliers of Lucerne Meal and Pellets to Saudi Arabia in 2022:
- Spain (204.3K tons)
- Italy (20.8K tons)
- South Africa (16.3K tons)
- United States (11.0K tons)
- Argentina (5.4K tons)
Exports of Lucerne Meal and Pellets in Saudi Arabia
In 2022, overseas shipments of lucerne (alfalfa) meal and pellets decreased by -24.7% to 164 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 5,907%.
In value terms, lucerne meal and pellets exports fell sharply to $75K in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 6,101%.
Export of Lucerne Meal and Pellets in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Oman | 0.3 | 49.5 | 99.4 | 74.9 | 529.7% |
Others | 0.5 | 1.1 | 1.0 | 0.6 | 6.3% |
Total | 0.8 | 50.6 | 100 | 75.5 | 355.3% |
Top Export Markets for Lucerne Meal and Pellets from Saudi Arabia in 2022:
- Oman (163.8 tons)
This report provides an in-depth analysis of the market for lucerne meal and pellets in Saudi Arabia. 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:
- FCL 0862 -
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for lucerne meal and pellets in Saudi Arabia.
This report provides an in-depth analysis of the global market for lucerne meal and pellets.
This report provides an in-depth analysis of the market for lucerne meal and pellets in Saudi Arabia.
This report provides an in-depth analysis of the global market for lucerne meal and pellets.
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