Sucrose in solid form market in Mongolia

Earlier Report Observations

The market for chemically pure sucrose in solid form in Mongolia displayed significant volatility between 2018 and 2023. Starting at 129 thousand tons in 2018, consumption fell sharply to 102 thousand tons the following year. A modest recovery to 108 thousand tons occurred in 2020.

Market volume expanded strongly in 2021, reaching 135 thousand tons, and remained near this peak in 2022 at 136 thousand tons. However, a pronounced contraction followed in 2023, pulling the market back down to approximately 103 thousand tons, a level comparable to that seen in 2019.

Production sucrose in solid form in Mongolia

In kind, 2017-2020, t

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

In 2020, Mongolia produced 51 894 tonnes of sucrose in solid form, representing a modest 6.1% increase compared to the previous year. Looking at the period from 2017 to 2020, production grew by 7%, which translates to an average annual growth rate of 2.3%. The highest production level was recorded in 2018 at 61 935 tonnes, marking a significant 27.7% increase that year. However, production saw its largest decline in 2019, dropping by 21.0%.

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

Exports sucrose in solid form from Mongolia

Exports in kind, t

The market showed an unstable trend throughout the period. The lowest export volume occurred in 2018, while the highest was reached in 2019, with a dramatic 17-fold difference between these two years. In 2019, Mongolia's exports of sucrose in solid form amounted to 1 tonne, representing an extraordinary increase of 1,596.4% compared to the previous year. The minimum value was recorded in 2018 at just 0.1 tonne, which also marked the largest decline of 20.0% that year.

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

From 2017 to 2020, China was effectively the sole destination for Mongolia's exports of sucrose in solid form, accounting for 100.0% of total export flows.

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

Exports of sucrose in solid form from Mongolia increased for the second consecutive year. In 2019, exports totaled 1 thousand US dollars, representing a substantial rise of 548.1% compared to the previous year. Over the period from 2017 to 2019, exports grew by 842.6%, with a compound annual growth rate of 111.2%.

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

Throughout the 2017-2020 period, China remained the almost exclusive buyer of sucrose in solid form from Mongolia, accounting for 100.0% of total export value.

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

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

Imports sucrose in solid form to Mongolia

Imports in kind, t

In 2020, Mongolia imported 56 386 tonnes of sucrose in solid form, reflecting a 6.1% increase from 2019. Between 2017 and 2020, imports grew by 9%, equating to an average annual growth rate of 2.9%. The highest import volume was recorded in 2018 at 67 189 tonnes, which represented a 29.9% increase that year. However, imports saw their largest decline in 2019, dropping by 20.9%.

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

From 2017 to 2020, Thailand, India, and Russia formed the main group of sources for Mongolia's imports of sucrose in solid form. Thailand accounted for 41.3% of imports, India for 18.7%, and Russia for 9.6%, with these three countries together representing 69.6% of total import flows.

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

In 2020, Mongolia's imports of sucrose in solid form amounted to 25 049 thousand US dollars, marking an 8.6% increase compared to the previous year. Over the period from 2017 to 2020, imports decreased by 5.7%, with a compound annual growth rate of -1.9%. The highest import value was recorded in 2018 at 31 509 thousand US dollars, representing an 18.6% increase that year. However, imports saw their largest decline in 2019, dropping by 26.8% to reach the minimum value of 23 074 thousand US dollars.

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

Throughout the 2017-2020 period, Thailand, India, and Russia remained the key trading partners for Mongolia's imports of sucrose in solid form in value terms. Thailand accounted for 40.2% of import value, India for 18.7%, and Russia for 9.4%, with these three countries together representing 68.3% of total import flows.

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

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