Market research

Beef and buffalo meat market in Mongolia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The beef and buffalo meat market in Mongolia exhibited substantial volume swings between 2018 and 2023. The market size began at 125.5 thousand tons in 2018, then declined to 114.7 thousand tons in 2019 before surging to a high of 158.5 thousand tons in 2020.

A sharp contraction followed in 2021, pulling the market down to 110.6 thousand tons. This was succeeded by a strong recovery, with volume growing to 140 thousand tons in 2022 and further to 146.9 thousand tons in 2023.

Overall, despite the pronounced volatility, the market volume in 2023 was approximately 17% higher than at the start of the period, indicating a net positive trend over the six years.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Mongolia
  1. 5.1.1. Annual dynamics of production in Mongolia in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Mongolia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Mongolia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Mongolia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Mongolia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Mongolia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Mongolia, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Mongolia by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Mongolia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Mongolia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Mongolia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Mongolia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Mongolia, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Mongolia by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Mongolia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Mongolia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Mongolia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Mongolia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Mongolia, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Mongolia by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Mongolia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Mongolia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Mongolia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Mongolia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Mongolia, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Mongolia by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production beef and buffalo meat in Mongolia

In kind, 2017-2020, K t

Top producers of beef and buffalo meat, 2017-2020

Source: SHEV.io

World map of production of beef and buffalo meat, 2017-2020

Source: SHEV.io

In 2020, Mongolia produced 158.5 thousand tons of beef and buffalo meat, representing a 38.2% increase compared to 2019. Over the period from 2017 to 2020, production grew by 62.2%, which translates to an average annual growth rate of 17.5%. The most significant production decline occurred in 2019, when output fell by 9.4%.

Annual dynamics of production in Mongolia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	29.6%	(9.4%)	38.2%	17.5%

Source: SHEV.io

Exports beef and buffalo meat from Mongolia

Exports in kind, t

In 2018, Mongolia exported 1,114 tons of beef and buffalo meat, marking a substantial increase of 85.6% compared to the previous year.

Annual dynamics of product's exports from Mongolia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	85.6%	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Russia was the dominant destination for Mongolia's beef and buffalo meat exports, accounting for 79.5% of total export volumes. The remaining exports were distributed among a diverse group of smaller countries.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Mongolia in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2018, Mongolia's beef and buffalo meat exports reached 3,306 thousand US dollars, showing a sharp year-over-year increase of 101.1%.

Annual dynamics of product's exports from Mongolia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	101.1%	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Russia remained the primary market for Mongolia's beef and buffalo meat exports in value terms, representing 82.4% of total export value. Other destinations played a much smaller role in the export structure.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Mongolia in value, 2017-2020

Source: SHEV.io

Imports beef and buffalo meat to Mongolia

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Import volumes reached their lowest point in 2019 and peaked in 2020, with the peak volume being 2.4 times higher than the trough. In 2020, Mongolia imported 7 tons of beef and buffalo meat, which represents a 137.2% increase compared to the previous year. The minimum volume was recorded in 2019 at 3 tons. The largest decline occurred in 2018, when imports fell by 47.1%.

Annual dynamics of product's imports to Mongolia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(47.1%)	(0.4%)	137.2%	7.7%

Source: SHEV.io

Between 2017 and 2020, Australia was the main source for Mongolia's beef and buffalo meat imports by volume, accounting for 86.0% of total import flows. The remaining imports came from a variety of other countries.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Mongolia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After two consecutive years of decline, Mongolia's beef and buffalo meat import volume increased. In 2020, import value reached 85 thousand US dollars, up by 22.6% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 27.7%, which corresponds to an average annual decline rate of 10.2%. The minimum value was recorded in 2019 at 69 thousand US dollars. The largest decline occurred in 2018, when import value fell by 31.7%.

Annual dynamics of product's imports to Mongolia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(31.7%)	(13.7%)	22.6%	(10.2%)

Source: SHEV.io

From 2017 to 2020, Mongolia's import structure in value terms was heavily concentrated on Australia, which accounted for 71.7% of total import value. Other trading partners made up the remainder of the imports.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Mongolia in value, 2017-2020

Source: SHEV.io