Market research

Milk and cream market in Mongolia

Release date: Mar 27, 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 market volume for milk and cream in Mongolia showed significant variability from 2018 to 2023, beginning at 425.1 thousand tonnes and ultimately reaching 472.9 thousand tonnes by the end of the period. This represented an overall growth trend, though interrupted by a substantial temporary decline.

A notable surge of nearly 10% lifted the market to 464.7 thousand tonnes in 2020. This increase was followed by a sharp contraction of over 14% the next year, reducing the volume to 399.1 thousand tonnes. A strong recovery in 2022 brought the market back to 464.8 thousand tonnes.

The market continued its upward movement in 2023, growing a further 1.7% to establish a new peak of 472.9 thousand tonnes for the observed 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Mongolia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Mongolia by countries, 2018-2024, $ US/t
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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Mongolia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Mongolia by countries, 2018-2024, $ US/t
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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Mongolia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Mongolia by countries, 2018-2024, $ US/t
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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Mongolia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from 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 milk and cream in Mongolia

In kind, 2017-2020, K t

Top producers of milk and cream, 2017-2020

Source: SHEV.io

World map of production of milk and cream, 2017-2020

Source: SHEV.io

Mongolia's milk and cream production rebounded after two years of decline. In 2019, production reached its lowest point at 423.6 thousand tons, but then increased by 9.7% in 2020 to 464.5 thousand tons. Over the period from 2017 to 2020, production grew by 6.9%, which translates to an average annual growth rate of 2.2%. The largest decline occurred in 2018, when production fell by 2.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.2%)	(0.3%)	9.7%	2.2%

Source: SHEV.io

Exports milk and cream from Mongolia

Exports in kind, t

In 2018, Mongolia exported 2.0 tons of milk and cream, representing a significant year-over-year increase of 64.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	64.3%	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, China was the sole destination for Mongolia's milk and cream exports, accounting for 100.0% of the total volume shipped.

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, the value of Mongolia's milk and cream exports was 2.0 thousand US dollars, marking a decrease of 12.2% compared to 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.2%)	n/a	n/a	-

Source: SHEV.io

During the 2017-2020 period, China remained the exclusive buyer of Mongolia's milk and cream in value terms, representing 100.0% of total export earnings.

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 milk and cream to Mongolia

Imports in kind, t

Mongolia's milk and cream imports declined after two years of growth. In 2019, imports peaked at 134.4 tons, but then fell by 10.6% in 2020 to 120.1 tons. Over the 2017-2020 period, imports increased by 93.1%, with a compound annual growth rate of 24.5%. The largest increase occurred in 2018, when imports surged by 64.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	64.7%	31.2%	(10.6%)	24.5%

Source: SHEV.io

From 2017 to 2020, France was the dominant source for Mongolia's milk and cream imports, supplying 77.5% of the total volume, while the remainder came from various smaller 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

Mongolia's milk and cream import value declined after two years of increase. In 2019, imports reached their highest point at 431.2 thousand US dollars, but then decreased by 4.3% year-over-year in 2020 to 412.6 thousand US dollars. Over the 2017-2020 period, import value grew by 76.3%, with a compound annual growth rate of 20.8%. The largest increase was recorded in 2019, when import value rose by 39.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.2%	39.3%	(4.3%)	20.8%

Source: SHEV.io

During the 2017-2020 period, France accounted for 87.6% of Mongolia's milk and cream import value, with the rest distributed among a diverse group of smaller trading partners.

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