South-Eastern Asia - Lucerne (Alfalfa) Meal and Pellets - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSouth-Eastern Asia: Market for Lucerne (Alfalfa) Meal And Pellets 2024
Market Size for Lucerne (Alfalfa) Meal And Pellets in South-Eastern Asia
The Southeast Asian lucerne meal and pellets market contracted to $X in 2023, standing approx. at the previous year. The total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.
Production of Lucerne (Alfalfa) Meal And Pellets in South-Eastern Asia
In value terms, lucerne meal and pellets production reached $X in 2023 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.
Exports of Lucerne (Alfalfa) Meal And Pellets
Exports in South-Eastern Asia
In 2023, after two years of decline, there was significant growth in shipments abroad of lucerne (alfalfa) meal and pellets, when their volume increased by X% to X tons. In general, exports, however, showed a deep contraction. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.
In value terms, lucerne meal and pellets exports surged to $X in 2023. Over the period under review, exports, however, saw a noticeable contraction. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.
Exports by Country
In 2023, Malaysia (X tons) represented the largest exporter of lucerne (alfalfa) meal and pellets, generating X% of total exports. It was distantly followed by Singapore (X tons), mixing up an X% share of total exports.
Exports from Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Malaysia (X p.p.) and Singapore (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In Malaysia, lucerne meal and pellets exports increased at an average annual rate of X% over the period from 2012-2023.
Export Prices by Country
The export price in South-Eastern Asia stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%).
Imports of Lucerne (Alfalfa) Meal And Pellets
Imports in South-Eastern Asia
In 2023, after four years of growth, there was significant decline in supplies from abroad of lucerne (alfalfa) meal and pellets, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then reduced dramatically in the following year.
In value terms, lucerne meal and pellets imports dropped slightly to $X in 2023. Overall, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2022, and then shrank modestly in the following year.
Imports by Country
Thailand (X tons) and Malaysia (X tons) represented roughly X% of total imports in 2023. Singapore (X tons) held the next position in the ranking, followed by the Philippines (X tons). All these countries together held near X% share of total imports. Vietnam (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest lucerne meal and pellets importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), together accounting for X% of total imports. The Philippines, Vietnam and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.
Among the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The import price in South-Eastern Asia stood at $X per ton in 2023, picking up by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lucerne meal and pellets import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for lucerne meal and pellets in South-Eastern Asia. 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:
- Brunei Darussalam
- Cambodia
- Indonesia
- Lao People's Democratic Republic
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Timor-Leste
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in South-Eastern Asia, split by region and country
- Trade (exports and imports) in South-Eastern Asia
- 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
- 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
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Timor-Leste
- Vietnam
- Lao People's Democratic Republic
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
Recommended reports
This report provides an in-depth analysis of the market for lucerne meal and pellets in Asia.
This report provides an in-depth analysis of the market for lucerne meal and pellets in the U.S..
This report provides an in-depth analysis of the market for lucerne meal and pellets in China.
This report provides an in-depth analysis of the market for lucerne meal and pellets in the EU.
This report provides an in-depth analysis of the global market for lucerne meal and pellets.