Market research

Beef, sheep or goat fat market in Mongolia

Release date: Mar 28, 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

From 2018 to 2023, the Mongolian market for beef, sheep and goat fat experienced significant volatility. Production and market volume surged to a peak of 21.8 thousand tonnes in 2020, a notable rise from the 16.2 thousand tonnes recorded in 2018.

Following the 2020 peak, a sharp correction occurred in 2021, with production falling to 16.7 thousand tonnes and market size dropping to 16.4 thousand tonnes. The market partially recovered in 2022 but contracted again in 2023, ending the period at a market volume of 15.9 thousand tonnes, below the starting level.

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, 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, 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, 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Mongolia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Mongolia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Mongolia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Mongolia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Mongolia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Mongolia by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Mongolia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Mongolia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Mongolia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Mongolia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Mongolia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Mongolia by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Mongolia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Mongolia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Mongolia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Mongolia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Mongolia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Mongolia by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Mongolia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Mongolia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Mongolia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Mongolia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Mongolia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Mongolia by countries, 2018-2024, $ US/t
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, sheep or goat fat in Mongolia

In kind, 2017-2020, t

Top producers of beef, sheep or goat fat, 2017-2020

Source: SHEV.io

World map of production of beef, sheep or goat fat, 2017-2020

Source: SHEV.io

Mongolia's production of beef, sheep, or goat fat has grown for the third year in a row. In 2020, the country produced 21 795 tonnes, marking a 30.1% increase from 2019. From 2017 to 2020, production rose by 58.2%, with an average annual growth rate of 16.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.7%	3.3%	30.1%	16.5%

Source: SHEV.io

Exports beef, sheep or goat fat from Mongolia

Exports in kind, kg

In 2019, Mongolia exported 65 000 kilograms of beef, sheep, or goat fat, which represents a dramatic 3 150.0% surge compared to 2018.

Annual dynamics of product's exports from Mongolia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	3 150.0%	n/a	-

Source: SHEV.io

Between 2017 and 2020, Kyrgyzstan and China together made up 97.0% of Mongolia's total exports in volume, with other countries contributing a more varied but smaller share.

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, $ US

Mongolia's exports of beef, sheep, or goat fat reached 23 000 US dollars in 2019, reflecting a sharp increase of 2 739.4% from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	2 739.4%	n/a	-

Source: SHEV.io

From 2017 to 2020, Kyrgyzstan and China were the leading destinations for Mongolia's beef, sheep, or goat fat exports in value terms, jointly accounting for 96.6% of total exports, while the rest was distributed among smaller markets.

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