Am I understanding it correctly, or are Mongols in a bad spot right now?

Hello there. I am just a guy who recently (like 4 months ago) gave his AoE2 childhood nostalgia a scratch. Reinstalled the game, replayed several capaigns... and discovered, to his very pleasant surprise, that the game has a competitive scene. Noice!

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One thing that made me sad, is the impression, what a civ with a special place in my heart is in. The Mongols. I love Mongols, horse archery is the coolest things ever, khans were utterly badass, and throat singing gives me goosebumps. But, from the matches i watched i get the impression, that they do not do well. Can you guys tell me, if I am correct, or being an utter nupe I overreact?

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They have many shortcomings. In my eyes:

Horse archer AS bonus and light cav HP bonus do not make up for the lack of armor upgrade

Kinda sad to see these 2 stapple Mongol units lose to their fully upgraded counterparts. And that does not even begin to describe the difference between the Mongols and civs that have other bonuses, like Turks or Magyars or Huns.

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Hard time addressing the enemy cavalry

Pointy bois missing, which is already an issue. The other unit used for heavy cav countering, the heavy camel is there, but it is not a trash unit, so does not trade as efficiently... and it lacks the last armor upgrade, reducing the cost-efficiency even further. Also they cannot fight fire with fire, because they only get subprime cavalier in their heavy cav line :(

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post-imp artilery as the only good answet to enemy archers

ok, I give them that, Mongol siege is amazing. However, it is the only one particularly good answer Mongols have to archers. Additional armor is much better for dealing with archers than the bonus HP their hussars get, as archers have relatively low attack values. Elite skirm is there but.... eeeeh. Low armor.

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Early economy amazing. Late- much less so.

Missing last farm upgrade, harder time collecting food. Ofc, the 50% hunting bonus is amazing, makes for great scout rushes, good castle times, easier time getting early upgrades. But lategame, missing the two-man saw and crop rotation tanks their hopes for cost efficiency even further.

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Several match-ups that are just horrible

Meso civ gg.