Market research

Mushrooms and truffles 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 for fresh or chilled mushrooms and truffles in Mongolia saw steady growth from 304 t in 2018 to 328 t in 2020. This initial expansion was underpinned by a broader economic recovery from the global financial crisis, which spurred increased investment in the business sector and an expansion of trade, stimulating both domestic production and consumption. Domestic output rose from 300 t to 308 t over this period, while imports surged to 20 t in 2020, contributing to the larger market volume.

Growth accelerated notably in 2021, with production jumping to 338 t and the total market reaching 343 t. The pace moderated somewhat in 2022, a year marked by the Russia-Ukraine war and China's zero-COVID policy, which created pressures on raw material supplies and logistics. Despite these headwinds, the market continued to expand, reaching 350 t in 2022 and 352 t in 2023 as domestic production climbed further to 347 t.

Entering 2024, the macroeconomic environment featured robust commercial bank lending, a reduction in policy interest rates, and significant investments in digital infrastructure and real estate. These factors collectively supported sustained economic activity and consumer demand, creating a favorable backdrop for the mushrooms and truffles market, although full-year volume data for 2024 is not yet available.

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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Mongolia in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Mongolia by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Mongolia in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Mongolia by countries, 2018-2024, $ 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, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Mongolia in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Mongolia by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Mongolia in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Mongolia by countries, 2018-2024, $ 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. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production mushrooms and truffles in Mongolia

In kind, 2017-2020, t

Top producers of mushrooms and truffles, 2017-2020

Source: SHEV.io

World map of production of mushrooms and truffles, 2017-2020

Source: SHEV.io

Mongolia's production of mushrooms and truffles has grown for the second year in a row. In 2020, the country produced 308.0 tonnes, marking a 1.8% increase from the previous year. From 2017 to 2020, overall production rose by 2.7%, with an average annual growth rate of 0.9%. The most significant drop occurred in 2018, when production fell by 0.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	0.8%	1.8%	0.9%

Source: SHEV.io

Exports mushrooms and truffles from Mongolia

Exports in kind, kg

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	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, China was the dominant destination for Mongolia's mushroom and truffle exports in kind, accounting for 100.0% of the total volume.

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

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	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Mongolia's mushroom and truffle exports in value terms were almost entirely directed to China, which represented 100.0% of the total.

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 mushrooms and truffles to Mongolia

Imports in kind, kg

Mongolia's imports of mushrooms and truffles in kind have risen for the third consecutive year. In 2020, imports reached 20 133 kg, a sharp increase of 67.8% compared to the year before. Over the 2017-2020 period, imports surged by 517.5%, with an average annual growth rate of 83.5%.

Annual dynamics of product's imports to Mongolia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	18.1%	211.4%	67.8%	83.5%

Source: SHEV.io

From 2017 to 2020, South Korea was the primary source for Mongolia's mushroom and truffle imports in kind, consistently making up 94.3% of the total volume.

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, $ US

Mongolia's imports of mushrooms and truffles in value terms have grown for the third year in a row. In 2020, imports totaled 52 902 US dollars, up 55.4% from the previous year. Between 2017 and 2020, imports increased by 347.2%, translating to an average annual rate of 64.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.5%	149.2%	55.4%	64.8%

Source: SHEV.io

Throughout 2017-2020, South Korea was the nearly exclusive supplier of mushrooms and truffles to Mongolia in value terms, holding a 98.9% share of total 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