Mongolia: Skimmed Milk Market 2020

Skimmed Milk Market Size in Mongolia

The revenue of the skimmed milk market in Mongolia amounted to $X in 2018, growing by X% against the previous year. Over the period under review, skimmed milk consumption continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the skimmed milk market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Skimmed Milk Production in Mongolia

In value terms, skimmed milk production stood at $X in 2018 estimated in export prices. Overall, skimmed milk production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when production volume increased by X% year-to-year. Mongolia skimmed milk production peaked in 2018 and is expected to retain its growth in the immediate term.

Skimmed Milk Exports

Exports from Mongolia

Skimmed milk exports from Mongolia amounted to X tons in 2018, rising by X% against the previous year. Overall, skimmed milk exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Mongolia exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, skimmed milk exports totaled $X in 2018. Over the period under review, skimmed milk exports continue to indicate an outstanding expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Over the period under review, skimmed milk exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the U.S. (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and France (X tons) represented the main exporters of skimmed milk, together generating X% of total exports. Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Poland (X tons), Ireland (X tons) and Uruguay (X tons) occupied a little share of total exports.

Exports from New Zealand increased at an average annual rate of +X% from 2007 to 2018. At the same time, Uruguay (+X%), Saudi Arabia (+X%), the U.S. (+X%), Belgium (+X%), Poland (+X%), Germany (+X%), the Netherlands (+X%), Belarus (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Australia experienced a relatively flat trend pattern. New Zealand (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.), Belgium (+X p.p.), Saudi Arabia (+X p.p.) and Uruguay (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest skimmed milk supplier from Mongolia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in New Zealand amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the skimmed milk export price in Mongolia amounted to $X per ton, leveling off at the previous year. In general, the skimmed milk export price continues to indicate a dramatic slump. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. Mongolia export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Ireland ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced a decline in the export price figures.

Skimmed Milk Imports

Imports into Mongolia

In 2018, the skimmed milk imports into Mongolia amounted to X tons, rising by X% against the previous year. Over the period under review, skimmed milk imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. Over the period under review, skimmed milk imports reached their maximum at X tons in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, skimmed milk imports totaled $X in 2018. Over the period under review, skimmed milk imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Mongolia imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the main importers of skimmed milk, together making up X% of total imports. The United Arab Emirates (X tons), Belgium (X tons), the Netherlands (X tons), the Philippines (X tons), Russia (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Macao SAR (X tons) and Malaysia (X tons) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Macao SAR, while the other leaders experienced more modest paces of growth.

In value terms, the largest skimmed milk importing markets into Mongolia were China ($X), Algeria ($X) and Mexico ($X), together accounting for X% of total imports. Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Mongolia lagged somewhat behind, together accounting for a further X, Macao SAR recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the skimmed milk import price in Mongolia amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the skimmed milk import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Mongolia import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Algeria ($X per ton), while China, Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform