Key Market Indicators
Mongolia's wool exports are set to reach around $400 million by 2026, a 1.5% increase from 2021's figures of $363 million. Since 2001, the country's supply of wool has jumped by 6.3% each year. In 2021, Mongolia ranked 8th in the world, with New Zealand overtaking it with exports reaching $363 million. China, Italy and Germany were the next three countries in the ranking. Mongolia's wool imports are expected to reach around $10.5 million by 2026, a 3.3% increase from 2021's figures of $8.6 million. Since 2001, the country's demand for wool has risen by 4.5% each year. In 2021, Mongolia was ranked 65th in the world, with Jordan overtaking it with imports reaching $8.6 million. Italy, Germany and the United Kingdom were the next three countries in the ranking.
