Wheat bran, sharps and residues market in Mongolia

Earlier Report Observations

The market volume for wheat bran, sharps and residues in Mongolia displayed notable volatility across the 2018-2023 period. It began at 75 859 t in 2018, then contracted to 58 572 t the following year before stabilizing at 63 276 t in 2020.

A major expansion occurred in 2021, driving the market volume to 90 156 t. After a correction to 74 548 t in 2022, the market reached its highest point in 2023 at 103 643 t, marking a substantial increase over the six-year span.

Production wheat bran, sharps and residues in Mongolia

In kind, 2017-2020, t

Top producers of wheat bran, sharps and residues, 2017-2020

World map of production of wheat bran, sharps and residues, 2017-2020

In 2020, Mongolia produced 64 874 tons of wheat bran, sharps, and residues, marking a slight increase of 0.9% from the previous year. Over the period from 2017 to 2020, production grew by 4.4%, which translates to an annualized growth rate of 1.5%. The highest production level was recorded in 2018 at 71 298 tons, with the largest annual increase of 14.8% occurring that year. Conversely, the most significant decline was observed in 2019, when production dropped by 9.8%.

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

In value, 2017-2020, K $ US

In 2020, the output of wheat bran, sharps, and residues in Mongolia was valued at 10 405 thousand US dollars, representing a strong increase of 14.0% compared to the previous year. From 2017 to 2020, production value rose by 27.3%, with a compound annual growth rate (CAGR) of 8.4%. The peak value was reached in 2018 at 11 149 thousand US dollars, which saw the largest annual increase of 36.4%. The most substantial decline occurred in 2019, with a drop of 18.1%.

Annual dynamics of production in Mongolia in value, 2017-2020, K $ US

Exports wheat bran, sharps and residues from Mongolia

Exports in kind, t

Foreign supplies of wheat bran, sharps, and residues from Mongolia declined for the second consecutive year. In 2020, Mongolia exported 17 865 tons, which is 27.7% less than the previous year. Between 2017 and 2020, exports decreased by 23.8%, equating to an annualized decline of 8.6%. The highest export volume was recorded in 2018 at 29 785 tons, with the largest annual increase of 27.1% occurring that year.

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

From 2017 to 2020, China served as the primary destination for wheat bran, sharps, and residues from Mongolia, consistently accounting for 100.0% of total exports in volume terms.

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

Deliveries of wheat bran, sharps, and residues from Mongolia declined for the second year in a row. In 2020, exports amounted to 2 865 thousand US dollars, showing a decrease of 18.4% year-over-year. Over the period from 2017 to 2020, exports fell by 7%, with an annualized decline rate of 2.4%. The maximum value was recorded in 2018 at 4 657 thousand US dollars, which experienced the largest annual increase of 51.1%. The most significant decline occurred in 2019, with a drop of 24.6%.

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

Between 2017 and 2020, 100.0% of the total export value of wheat bran, sharps, and residues from Mongolia was directed to China, making this market overwhelmingly dominant.

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

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

Imports wheat bran, sharps and residues to Mongolia

Imports in kind, t

The market displayed signs of volatility during the observed period. Imports reached their lowest point in 2020 at 16 268 tons, reflecting a fall of 14.5% from the previous year, after hitting their maximum in 2018 at 34 346 tons—a gap of 2.1 times between these years. The largest decline was recorded in 2019 at 44.6%, while the largest increase occurred in 2018 at 88.7%.

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

From 2017 to 2020, virtually all imports in volume terms of wheat bran, sharps, and residues to Mongolia were associated with Russia, which accounted for 100.0% of total 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

The data reveals irregular changes, indicating a volatile market environment. Imports fell to their trough in 2017 and peaked in 2018, with a 1.9-fold difference between these years. In 2020, Mongolia imported wheat bran, sharps, and residues valued at 2 865 thousand US dollars, down by 6.4% compared to 2019. The maximum value was recorded in 2018 at 4 250 thousand US dollars, which saw the largest annual increase of 94.5%. The most substantial decline occurred in 2019, with a drop of 45.1%.

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

Between 2017 and 2020, the geographical pattern of imports in value terms reflected a strong dependence on Russia, which absorbed 100.0% of total flows.

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

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