Mongolia: Meat Market 2020

Meat Market Size in Mongolia

The revenue of the meat market in Mongolia amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, the total market indicated a buoyant expansion from 2007 to 2018: its value 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. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. In that year, the meat market reached its peak level of $X. From 2016 to 2018, the growth of the meat market remained at a somewhat lower figure.

Meat Production in Mongolia

In value terms, meat production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a tangible increase from 2007 to 2018: 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. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. In that year, meat production attained its peak level of $X. From 2016 to 2018, meat production growth remained at a lower figure.

Average yield of meat in Mongolia totaled X ton per head in 2018, therefore, remained relatively stable against the previous year. In general, the meat yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. In that year, the meat yield attained its peak level of X ton per head. From 2010 to 2018, the growth of the meat yield failed to regain its momentum.

In 2018, the number of animals slaughtered for meat production in Mongolia amounted to X heads, going up by X% against the previous year. In general, the total producing animals indicated a strong expansion from 2007 to 2018: its figure 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 2018 figures, number of animals slaughtered for meat production increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, this number reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Meat Exports

Exports from Mongolia

In 2018, approx. X tons of meat were exported from Mongolia; picking up by X% against the previous year. Overall, meat exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Mongolia exports peaked at X tons in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, meat exports totaled $X in 2018. Overall, meat exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, meat exports reached their peak figure at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the twelve major exporters of meat, namely the U.S., Germany, Spain, Brazil, Australia, the Netherlands, Denmark, India, Canada, Poland, Belgium and New Zealand, represented more than two-thirds of total export.

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 meat markets from Mongolia were the U.S. ($X), Australia ($X) and Brazil ($X), together comprising X% of total exports. Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Mongolia lagged somewhat behind, together comprising a further X recorded the highest growth rate of 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 meat export price in Mongolia stood at $X per ton in 2018, picking up by X% against the previous year. Overall, the meat export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the export price increased by X% y-o-y. In that year, the export prices for meat reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for meat failed to regain its momentum.

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

Meat Imports

Imports into Mongolia

In 2018, approx. X tons of meat were imported into Mongolia; jumping by X% against the previous year. Over the period under review, the total imports indicated a buoyant increase from 2007 to 2018: its volume 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, meat imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, meat imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, meat imports totaled $X in 2018. Over the period under review, meat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. In that year, meat imports attained their peak of $X. From 2015 to 2018, the growth of meat imports remained at a somewhat lower figure.

Imports by Country

The imports of the twelve major importers of meat, namely China, Japan, the U.S., Italy, Germany, Mexico, South Korea, China, Hong Kong SAR, Vietnam, the UK, Poland and the Netherlands, represented more than half 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 meat importing markets into Mongolia were Japan ($X), the U.S. ($X) and China ($X), together comprising X% of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Mongolia, which together accounted for a further X the main importing countries, Vietnam experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Mongolia stood at $X per ton in 2018, coming down by -X% against the previous year. Over the period under review, the meat import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Mongolia import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform