Mongolia: Cereals Market 2020

Cereals Market Size in Mongolia

The revenue of the cereals market in Mongolia amounted to $X in 2018, rising by X% against the previous year. In general, cereals consumption, however, continues to indicate a slight drop. The pace of growth was the most pronounced in 2016 when the market value increased by X% y-o-y. Mongolia cereals consumption peaked at $X in 2009; however, from 2010 to 2018, consumption stood at a somewhat lower figure.

Cereals Production in Mongolia

In value terms, cereals production totaled $X in 2018 estimated in export prices. Over the period under review, cereals production continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2016 when production volume increased by X% y-o-y. Mongolia cereals production peaked at $X in 2009; however, from 2010 to 2018, production stood at a somewhat lower figure.

In 2018, the average yield of cereals in Mongolia stood at X kg per ha, falling by -X% against the previous year. Over the period under review, the cereals yield continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The global cereals yield peaked at X ton per ha in 2014; however, from 2015 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cereals were harvested in Mongolia; growing by X% against the previous year. Overall, the cereals harvested area continues to indicate prominent growth. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to cereals production attained its peak figure in 2018 and is expected to retain its growth in the immediate term.

Cereals Exports

Exports from Mongolia

In 2018, the amount of cereals exported from Mongolia amounted to X tons, lowering by -X% against the previous year. Over the period under review, cereals exports continue to indicate a sharp deduction. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Mongolia exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, cereals exports totaled $X in 2018. In general, cereals exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, cereals exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The U.S. was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Argentina (X tons), Ukraine (X tons), Brazil (X tons), France (X tons), Australia (X tons), Russia (X tons) and Canada (X tons), together creating a X% share of total exports. Romania (X tons), Germany (X tons), Hungary (X tons) and Kazakhstan (X tons) occupied a little share of total exports.

The U.S. experienced a relatively flat trend pattern of cereals exports. At the same time, Ukraine (+X%), Romania (+X%), Brazil (+X%), Australia (+X%), Argentina (+X%), Russia (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France, Hungary and Kazakhstan experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Ukraine, Brazil, Australia, Argentina, Romania and Russia increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest cereals supplier from Mongolia, comprising X% of global exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In the U.S., cereals exports remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: Ukraine (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the cereals export price in Mongolia amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the cereals export price continues to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the export price increased by X% y-o-y. Mongolia export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Canada ($X per ton), while Brazil ($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 mixed trends in the export price figures.

Cereals Imports

Imports into Mongolia

In 2018, approx. X tons of cereals were imported into Mongolia; waning by -X% against the previous year. Overall, cereals imports continue to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. In that year, cereals imports attained their peak of X tons. From 2009 to 2018, the growth of cereals imports failed to regain its momentum.

In value terms, cereals imports amounted to $X in 2018. Overall, cereals imports continue to indicate a drastic setback. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. In that year, cereals imports attained their peak of $X. From 2009 to 2018, the growth of cereals imports remained at a lower figure.

Imports by Country

In 2018, Japan (X tons), Mexico (X tons), Egypt (X tons), Spain (X tons), Vietnam (X tons), South Korea (X tons), Indonesia (X tons), Italy (X tons), Algeria (X tons), China (X tons), the Netherlands (X tons) and Bangladesh (X tons) were the largest importers of cereals in the world, creating 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 cereals importing markets into Mongolia were Mexico ($X), Japan ($X) and Egypt ($X), with a combined X% share of total imports. Italy, Spain, South Korea, Vietnam, Indonesia, Algeria, the Netherlands, China, Bangladesh and Mongolia lagged somewhat behind, together accounting for a further X the main importing countries, Vietnam recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The cereals import price in Mongolia stood at $X per ton in 2018, flattening at the previous year. In general, the cereals import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. In that year, the import prices for cereals attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for cereals remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Italy ($X per ton) and the Netherlands ($X per ton), while Bangladesh ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform