Key Market Indicators
Mongolian alcoholic drink consumption is projected to rise to approximately 17,000 metric tons by 2028, up from 16,000 metric tons in 2023. This marks an average annual growth rate of 0.6%. Since 2019, demand in Mongolia has shown stability. In 2023, Mongolia was ranked 69th in global alcoholic drink consumption, with Lithuania surpassing it at 16,000 metric tons. The leading countries in this ranking include India, Japan, and Russia, occupying the second, third, and fourth positions respectively. In contrast, Mongolian alcoholic drink exports are expected to decline significantly. By 2028, exports are forecasted to drop to $136,000, down from $373,000 in 2023. This represents an average annual decrease of 15.9%. Since 2001, the supply of Mongolian alcoholic drinks for export has been decreasing at a rate of 7.9% per year.
