Mongolia: Wheat Market 2020

Wheat Market Size in Mongolia

The revenue of the wheat market in Mongolia amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, wheat consumption continues to indicate a mild deduction. The growth pace was the most rapid in 2016 when the market value increased by X% year-to-year. Mongolia wheat consumption peaked at $X in 2009; however, from 2010 to 2018, consumption failed to regain its momentum.

Wheat Production in Mongolia

In value terms, wheat production totaled $X in 2018 estimated in export prices. Over the period under review, wheat production continues to indicate mild growth. The growth pace was the most rapid in 2016 when production volume increased by X% year-to-year. Mongolia wheat production peaked at $X in 2009; however, from 2010 to 2018, production failed to regain its momentum.

Average yield of wheat in Mongolia stood at X kg per ha in 2018, reducing by -X% against the previous year. Over the period under review, the wheat yield continues to indicate a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the wheat yield reached its peak figure level at X ton per ha in 2014; however, from 2015 to 2018, yield failed to regain its momentum. 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 wheat were harvested in Mongolia; rising by X% against the previous year. Over the period under review, the wheat harvested area continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. The global wheat harvested area peaked in 2018 and is likely to see steady growth in the near future.

Wheat Exports

Exports from Mongolia

In 2018, the exports of wheat from Mongolia totaled X tons, waning by -X% against the previous year. In general, wheat exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Mongolia exports peaked at X tons in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, wheat exports totaled $X in 2018. Over the period under review, wheat exports continue to indicate a sharp decline. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, wheat exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

The exports of the seven major exporters of wheat, namely Australia, Canada, the U.S., France, Russia, Argentina and Ukraine, represented more than two-thirds of total export. Germany (X tons), Kazakhstan (X tons), Romania (X tons), Bulgaria (X tons) and Hungary (X tons) occupied a relatively small share of total exports.

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

In value terms, the largest wheat markets from Mongolia were the U.S. ($X), Canada ($X) and Russia ($X), with a combined X% share of total exports. These countries were followed by Australia, France, Ukraine, Argentina, Germany, Romania, Kazakhstan, Bulgaria, Hungary and Mongolia, which together accounted for a further X terms of the main exporting countries, Ukraine experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wheat export price in Mongolia amounted to $X per ton, going up by X% against the previous year. Overall, the wheat export price, however, continues to indicate an abrupt decline. The pace of growth appeared the most rapid in 2017 when the export price increased by X% year-to-year. Over the period under review, the export prices for wheat reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Argentina ($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.

Wheat Imports

Imports into Mongolia

In 2018, the wheat imports into Mongolia stood at X tons, falling by -X% against the previous year. Over the period under review, wheat imports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. In that year, wheat imports attained their peak of X tons. From 2009 to 2018, the growth of wheat imports failed to regain its momentum.

In value terms, wheat imports amounted to $X in 2018. In general, wheat imports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, wheat imports reached their peak of $X. From 2009 to 2018, the growth of wheat imports remained at a lower figure.

Imports by Country

The imports of the twelve major importers of wheat, namely Indonesia, Egypt, Algeria, Bangladesh, Japan, Italy, the Philippines, Brazil, India, Spain, Turkey and the Netherlands, represented more than third 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the largest wheat importing markets into Mongolia were Indonesia ($X), Egypt ($X) and Algeria ($X), with a combined X% share of total imports. These countries were followed by Italy, the Philippines, Japan, Brazil, India, Bangladesh, Turkey, Spain, the Netherlands and Mongolia, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The wheat import price in Mongolia stood at $X per ton in 2018, reducing by -X% against the previous year. Over the period under review, the wheat import price continues to indicate a slight drop. The growth pace was the most rapid in 2008 an increase of X% year-to-year. In that year, the import prices for wheat attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for wheat failed to regain its momentum.

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

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

Source: IndexBox Platform