Report Update Apr 1, 2024

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

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

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

The Ecuadorian lucerne meal and pellets market expanded modestly to $X in 2022, surging by X% against the previous year. In general, consumption showed a measured expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Lucerne (Alfalfa) Meal And Pellets in Ecuador

In value terms, lucerne meal and pellets production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The growth pace was the most rapid in 2015 when the production volume increased by X%. Lucerne meal and pellets production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Lucerne (Alfalfa) Meal And Pellets

Exports from Ecuador

In 2016, overseas shipments of lucerne (alfalfa) meal and pellets decreased by X% to X tons for the first time since 2013, thus ending a two-year declining trend. Overall, exports showed a abrupt decline. The smallest decline of X% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2016, the exports stood at a somewhat lower figure.

In value terms, lucerne meal and pellets exports amounted to $X in 2016. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of X% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for lucerne meal and pellets exports from Ecuador, with a approx. X% share of total exports.

From 2013 to 2016, the average annual growth rate of volume to Kuwait was relatively modest.

From 2013 to 2016, the average annual growth rate of value to Kuwait was relatively modest.

Export Prices by Country

The average lucerne meal and pellets export price stood at $X per ton in 2016, approximately mirroring the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2016, the export prices failed to regain momentum.

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

From 2013 to 2016, the rate of growth in terms of prices for Colombia amounted to X% per year.

Imports of Lucerne (Alfalfa) Meal And Pellets

Imports into Ecuador

In 2022, overseas purchases of lucerne (alfalfa) meal and pellets increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, lucerne meal and pellets imports soared to $X in 2022. In general, imports, however, faced a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of lucerne meal and pellets to Ecuador, with a X% share of total imports. Moreover, lucerne meal and pellets imports from Argentina exceeded the figures recorded by the second-largest supplier, Chile (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled X%.

In value terms, Argentina ($X) constituted the largest supplier of lucerne (alfalfa) meal and pellets to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to X%.

Import Prices by Country

In 2022, the average lucerne meal and pellets import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest lucerne meal and pellets consuming country worldwide, comprising approx. 21% of total volume. Moreover, lucerne meal and pellets consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.6% 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. 21% of total volume. Moreover, lucerne meal and pellets production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was taken by the United States, with a 7.4% share.

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

In value terms, Argentina constituted the largest supplier of lucerne alfalfa) meal and pellets to Ecuador, comprising 88% of total imports. The second position in the ranking was taken by Chile, with a 12% share of total imports.

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

The average lucerne meal and pellets export price stood at $318 per ton in 2016, remaining stable against the previous year.

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

In 2022, the average lucerne meal and pellets import price amounted to $486 per ton, jumping by 53% against the previous year.

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

Ecuador

Data coverage:

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