Key Market Indicators
Mongol beef consumption is forecast to reach 74 thousand metric tons by 2026, up from 70 thousand tons in 2021. This would represent an annual growth rate of 0.9%. Since 2017, Mongol demand has increased by an average of 1.5% each year. Mongol beef production is expected to reach 145 thousand metric tons by 2026, increasing from 126 thousand tons in 2021. This would represent a compound annual growth rate of 2.3%. Since 1966, Mongol supply has grown by an average of 6.4% each year. The country was ranked 64th in 2021, with Sweden in first place with 126 thousand metric tons. Brazil, China, and Argentina followed in second, third, and fourth place respectively.
