Report Update: Apr 1, 2024

Peru - Lucerne (Alfalfa) Meal And Pellets - Market Analysis, Forecast, Size, Trends And Insights

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Price for Lucerne Meal and Pellets in Peru - 2021

Price for Lucerne Meal and Pellets in Peru (FOB) - 2022

In 2022, the average lucerne meal and pellets export price amounted to $129 per ton, falling by -4.3% against the previous year. Overall, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 91%. The export price peaked at $264 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($155 per ton), while the average price for exports to Spain ($103 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+13.5%), while the prices for the other major destinations experienced a decline.

Price for Lucerne Meal and Pellets in Peru (CIF) - 2022

In 2022, the average lucerne meal and pellets import price amounted to $378 per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2019 an increase of 32% against the previous year. As a result, import price attained the peak level of $394 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Chile ($394 per ton), while the price for Argentina stood at $222 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.9%).

Exports of Lucerne Meal and Pellets in Peru

Lucerne meal and pellets exports from Peru soared to 32 tons in 2022, growing by 22% compared with the previous year. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 455% against the previous year. As a result, the exports reached the peak of 42 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, lucerne meal and pellets exports skyrocketed to $4.1K in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 369%. As a result, the exports reached the peak of $4.7K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Lucerne Meal and Pellets in Peru (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	537	467	996	1,907	52.6%
Brazil	N/A	N/A	N/A	1,372	0%
Chile	392	1,359	1,049	503	8.7%
Spain	67.0	115	155	298	64.5%
Colombia	N/A	2,720	1,284	N/A	-52.8%
Others	N/A	14.0	N/A	N/A	0%
Total	996	4,675	3,484	4,080	60.0%

Top Export Markets for Lucerne Meal and Pellets from Peru in 2022:

Czech Republic (15.4 tons)
Brazil (8.8 tons)
Chile (4.4 tons)
Spain (2.9 tons)

Imports of Lucerne Meal and Pellets in Peru

In 2022, after three years of growth, there was significant decline in purchases abroad of lucerne (alfalfa) meal and pellets, when their volume decreased by -12.4% to 144 tons. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 49% against the previous year.

In value terms, lucerne meal and pellets imports reduced to $54K in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year.

Import of Lucerne Meal and Pellets in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	30.6	35.6	58.4	51.6	19.0%
Argentina	2.0	2.2	3.4	2.8	11.9%
Others	N/A	9.4	N/A	N/A	0%
Total	32.6	47.1	61.7	54.4	18.6%

Top Suppliers of Lucerne Meal and Pellets to Peru in 2022:

Chile (131.0 tons)
Argentina (12.8 tons)

Source: IndexBox Market Intelligence Platform

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

Peru

Data coverage:

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