Key Market Indicators
Mongol Chocolate Export is projected to reach $450 million by 2026, growing 2.1% year on year on average. In 2021, it stood at $393 million, making Mongolia the 101st biggest exporter of chocolate around the world. Meanwhile, Sao Tome and Principe topped the list with $393 million. Belgium, Italy and the Netherlands followed as the second, third and fourth biggest exporters. Mongol Chocolate Import is forecast to reach $41 million by 2026, falling by 1.3% year on year on average. In 2021, it was estimated at $45 million, making Mongolia the 70th biggest importer of chocolate in the world. Armenia stood at the top with $45 million, followed by Germany, France and the United Kingdom. Since 2001, Mongol demand saw a 2.9% yearly growth.
