Mongolia: Beef Market 2020

Beef Market Size in Mongolia

The revenue of the beef market in Mongolia amounted to $X in 2018, going up by X% against the previous year. Overall, beef consumption continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Mongolia beef consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Beef Production in Mongolia

In value terms, beef production amounted to $X in 2018 estimated in export prices. In general, beef production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Mongolia beef production peaked in 2018 and is likely to see steady growth in the near future.

Beef Exports

Exports from Mongolia

Beef exports from Mongolia stood at X tons in 2018, reducing by -X% against the previous year. In general, beef exports continue to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Mongolia exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, beef exports amounted to $X in 2018. Overall, beef exports continue to indicate a drastic setback. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, beef exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), India (X tons), Australia (X tons) and the U.S. (X tons) represented roughly X% of total exports of beef (cattle meat) in 2018. It was distantly followed by the Netherlands (X tons), achieving a X% share of total exports. New Zealand (X tons), Poland (X tons), Ireland (X tons), Canada (X tons), Argentina (X tons), Germany (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets from Mongolia were the U.S. ($X), Australia ($X) and Brazil ($X), with a combined X% share of total exports. These countries were followed by India, the Netherlands, Ireland, New Zealand, Argentina, Canada, Poland, Germany, Uruguay and Mongolia, which together accounted for a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The beef export price in Mongolia stood at $X per ton in 2018, surging by X% against the previous year. In general, the beef export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. In that year, the export prices for beef (cattle meat) reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for beef (cattle meat) remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Beef Imports

Imports into Mongolia

Beef imports into Mongolia totaled X tons in 2018, falling by -X% against the previous year. Over the period under review, beef imports continue to indicate a deep decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. In that year, beef imports attained their peak of X tons. From 2017 to 2018, the growth of beef imports remained at a somewhat lower figure.

In value terms, beef imports amounted to $X in 2018. Over the period under review, beef imports continue to indicate a moderate setback. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. In that year, beef imports reached their peak of $X. From 2017 to 2018, the growth of beef imports failed to regain its momentum.

Imports by Country

In 2018, the U.S. (X tons), Vietnam (X tons), China (X tons), Japan (X tons), South Korea (X tons), China, Hong Kong SAR (X tons), the Netherlands (X tons), Italy (X tons), Germany (X tons), Russia (X tons), the UK (X tons) and France (X tons) represented the major importers of beef (cattle meat) in the world, comprising X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, the largest beef importing markets into Mongolia were the U.S. ($X), Japan ($X) and China ($X), with a combined X% share of total imports. These countries were followed by South Korea, Vietnam, Germany, Italy, China, Hong Kong SAR, the Netherlands, the UK, France, Russia and Mongolia, which together accounted for a further X Nam recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the beef import price in Mongolia amounted to $X per ton, rising by X% against the previous year. Overall, the import price indicated a measured increase from 2007 to 2018: its price 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 2018 figures, beef import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. Over the period under review, the import prices for beef (cattle meat) reached their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform