What is the price of beef per kilogram/pound in Mongolia today?
The retail price range for Mongolia beef is between US$ 8.92 and US$ 13.87 per kilogram or between US$ 4.05 and US$ 6.29 per pound(lb). Click here to see today's exact prices of beef in Mongolia
The retail price range in Tugrik for beef is between MNT 31,872.43 and MNT 49,522.21 per kilogram or between MNT 14,454.62 and MNT 22,459.05 per pound(lb) in Ulaanbaatar and Erdenet.
Wholesale prices
In 2024, the approximate wholesale price range for Mongolia beef is between US$ 6.25 and US$ 9.71 per kilogram or between US$ 2.83 and US$ 4.40 per pound(lb).
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Mongolia Beef Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beef from Mongolia over the last five years has seen a steady decline. In 2012, the price was 3.42 US dollars per kg, dropping to 3.31 in 2014. By 2015, the price had dropped to 1.00 US dollars per kg, and then rose slightly to 2.29 in 2016. In 2017, the price rose again to 2.74 US dollars per kg, before dropping to 2.63 in 2018. The price then dropped significantly to 0.83 US dollars per kg in 2019, before rising to 1.24 in 2020 and then dropping to 0.76 in 2021. Based on this data, it is likely that the export price per kilogram of Beef from Mongolia will remain around 0.76 US dollars per kg in 2023 and 2024.The beef exports from Mongolia are categorised as:
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen edible bovine tongues (HS code 020621)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Frozen, boneless meat of bovine animals (HS code 020230)
Mongolia Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into Mongolia over the last five years has been quite volatile. In 2017, the price was 2.74 US dollars per kg, which was the highest in the last five years. This was followed by a decrease in 2018 to 2.63 US dollars per kg. In 2019, the price dropped significantly to 0.83 US dollars per kg, the lowest in the last five years. The price then increased to 1.24 US dollars per kg in 2020 and further to 0.76 US dollars per kg in 2021. Based on the trend of the last five years, it is expected that the import price per kilogram of Beef into Mongolia will remain relatively stable in the next two years. We predict that the price in 2023 will be around 1.00 US dollars per kg and in 2024 it will be around 1.10 US dollars per kg.Export values for Mongolia beef
The total values in export for beef in Mongolia were US$ 1,592, US$ 1,646, US$ 3,702 and US$ 460 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in Mongolia: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of beef in other countries across Asia: Kazakhstan beef, Kyrgyzstan beef, Tajikistan beef, Turkmenistan beef, Uzbekistan beef, China beef, Hong Kong beef, Macao beef, North Korea beef & Mongolia beef.
Mongolia beef - Production, Exports, Imports, Seasons and HS Codes
In 2019 Mongolia exported 552 tonnes of beef. In 2019 alone, the interest in Mongolia beef (meat category) has shrunk, changing by -60.768 % compared to the year 2018. Between 2017 and 2019, beef's exports went down by -8 pc netting the exporter US$0.46m for the year 2019. Mongolia's beef exports are classified as:
- Frozen bovine carcases and half-carcases (HS code 020210)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine tongues (HS code 020621)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen, boneless meat of bovine animals (HS code 020230)
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Mongolia beef export values
In 2019, Mongolia supplied beef costing 0.46m USD, a contraction of -87.57% from 2018's total beef export of 3.702m USD. The annual change in value of Mongolia beef between 2017 to 2018 was 124.909 percent.
The yearly variation in the quantity of Mongolia's beef exports between 2017 and 2019 was -8 percent compared to a variation of -60.768% in the period between 2018 and 2019.
Export markets for Mongolia beef ( in '000$ )
Mongolia's top export markets for beef are Russia, Vanuatu, Vietnam, North Korea and China.
Mongolia bought 44 tonnes of beef in 2019.