Carrots and turnips market in Mongolia

Earlier Report Observations

The market for fresh carrots and turnips in Mongolia expanded significantly from 51.9 thousand tonnes in 2018 to 111.7 thousand tonnes in 2023. Growth was supported by the establishment of state-owned enterprises in nursery and afforestation, which began influencing vegetable production. The market saw a minor dip in 2019, a year which also marked the entry of 'Vitafit' LLC, a company that started producing carrot juice at a much lower price point, creating a new processed segment that likely stimulated demand for raw carrots.

In 2020, market volume grew by 26% to 64.0 thousand tonnes. This coincided with the implementation of a law regulating monetary lending, which improved access to finance for producers. The testing of the online platform Usashop.mn also began influencing consumer purchasing patterns, potentially increasing product accessibility. After a contraction in 2021, the market surged again from 2022, boosted by reforms to the capital market's legal environment that improved the investment climate and contributed to a 39% growth that year.

The most pronounced growth occurred in 2023, with the market volume jumping 52% to reach 111.7 thousand tonnes. This sharp increase was directly supported by state budgetary investments and new project programs in the construction sector, which provided tangible support for vegetable production. A concurrent rise in capital market lending rates introduced a moderating influence on financing costs, but the primary driver remained the substantial public investment in infrastructure.

Production carrots and turnips in Mongolia

In kind, 2017-2020, t

Top producers of carrots and turnips, 2017-2020

World map of production of carrots and turnips, 2017-2020

In 2020, Mongolia produced 63,843 tonnes of carrots and turnips, representing a 26.7% increase compared to 2019. Over the 2017-2020 period, production grew by 66.9%, with an average annual growth rate of 18.6%. The largest decline occurred in 2019 at 0.2%, while the most significant increase was recorded in 2018 at 31.9%.

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

Exports carrots and turnips from Mongolia

Exports in kind, t

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

From 2017 to 2020, Russia was the sole destination for Mongolia's exports of carrots and turnips in volume terms, accounting for 100.0% of total shipments.

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

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

Exports in value, K $ US

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

Between 2017 and 2020, Mongolia's export value for carrots and turnips was entirely dependent on Russia, with this market representing 100.0% of total exports.

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

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

Imports carrots and turnips to Mongolia

Imports in kind, t

The import data shows irregular fluctuations, pointing to a volatile market environment. Imports reached their lowest point in 2020 at 200 tonnes, marking a sharp 34.4% decrease from the previous year, and peaked in 2018 at 1,408 tonnes, representing a 7-fold difference between these years. The largest decline occurred in 2019 at 78.3%, while the most significant increase was recorded in 2018 at 194.9%.

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

From 2017 to 2020, China and Kyrgyzstan together accounted for 84.5% of Mongolia's total imports of carrots and turnips in volume terms, indicating a high level of market concentration, with smaller markets making up the remainder.

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

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

Imports in value, K $ US

The import market displayed volatility during the observed period. Volumes hit their minimum in 2020 at approximately $39,700, which was 23.5% lower than the previous year, and reached their maximum in 2018 at $260,900, showing a 6.6-fold shift between these years. The largest decline was in 2019 at 80.1%, while the most significant increase occurred in 2018 at 198.4%.

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

Between 2017 and 2020, Mongolia's import value for carrots and turnips was heavily concentrated on China and Russia, which together represented 81.9% of total flows, with other partners accounting for the rest.

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

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