Apricots market in Georgia

Earlier Report Observations

The apricot market in Georgia grew from 2 864 t in 2018 to 3 750 t in 2023, an overall increase of 31%. This expansion was not linear, with the market experiencing a notable contraction in 2019 followed by recovery in 2020, another dip in 2021, and then strong consecutive growth in 2022 and 2023.

Market volume movements were primarily shaped by shifts in domestic production and import flows. Georgian apricot production more than doubled from 900 t in 2018 to a peak of 2 600 t in 2022, before falling back to 1 800 t in 2023. Imports followed an inverse pattern, declining from 1 990 t in 2018 to a low of 727 t in 2021, then rebounding sharply to nearly 2 000 t by 2023.

While exports remained a minor component, a significant increase to 628 t in 2022 tempered market growth that year. The net result was a market that demonstrated considerable resilience and capacity for growth across the period, despite annual volatility in the underlying supply components.

Production apricots in Georgia

In kind, 2017-2020, t

Top producers of apricots, 2017-2020

World map of production of apricots, 2017-2020

Georgia's apricot production has grown for the third year in a row. In 2020, the country produced 1 900 tons of apricots, marking a 58.3% increase compared to 2019. Looking at the period from 2017 to 2020, production surged by 216.7%, which translates to an average annual growth rate of 46.8%.

Annual dynamics of production in Georgia in kind, 2017-2020, t

Exports apricots from Georgia

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Exports varied significantly, with a low in 2017 and a high in 2020, resulting in a 55-fold difference between these years. In 2020, Georgia exported 72 tons of apricots, representing a sharp increase of 302.0% compared to 2019. The largest decline occurred in 2019, at 31.3%, while the largest increase was recorded in 2018, at 1 881.6%.

Annual dynamics of product's exports from Georgia in kind, 2017-2020, t

From 2017 to 2020, exports in kind were heavily concentrated on Russia, which accounted for 91.7% of total shipments.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Georgia in kind, 2017-2020

Exports in value, K $ US

The market displayed volatility during the observed period. Exports reached their lowest point in 2017 and peaked in 2020, with a 199-fold gap between these years. In 2020, Georgia exported apricots worth 89 thousand US dollars, a gain of 764.9% compared to the previous year. The largest decline was in 2019, at 56.0%, while the largest increase occurred in 2018, at 5 131.5%.

Annual dynamics of product's exports from Georgia in value, 2017-2020, K $ US

Between 2017 and 2020, Russia dominated exports in value terms, capturing 83.7% of total flows, with other countries making up the remaining share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Georgia in value, 2017-2020

Imports apricots to Georgia

Imports in kind, t

The market showed an unstable trend over the timeframe. Imports hit their lowest point in 2020 and peaked in 2018, with a 2.4-fold variation between these years. In 2020, Georgia imported 821 tons of apricots, indicating a decline of 34.9% from the previous year. The maximum volume was recorded in 2018, at 1 990 tons. The largest decline occurred in 2019, at 36.7%, while the largest increase was in 2018, at 85.8%.

Annual dynamics of product's imports to Georgia in kind, 2017-2020, t

From 2017 to 2020, imports in kind of apricots to Georgia were primarily sourced from Armenia, which accounted for 77.2% of total flows, with the rest distributed among several smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Georgia in kind, 2017-2020

Imports in value, K $ US

The market exhibited an unstable trend throughout the period. Imports reached their lowest point in 2020 and peaked in 2018, with a peak-to-trough ratio of 2.7 times. In 2020, Georgia imported apricots worth 389 thousand US dollars, corresponding to a steep decrease of 36.1% compared to the previous year. The maximum value was recorded in 2018, at 1 067 thousand US dollars. The largest decline occurred in 2019, at 43.0%, while the largest increase was in 2018, at 81.7%.

Annual dynamics of product's imports to Georgia in value, 2017-2020, K $ US

Between 2017 and 2020, imports in value terms of apricots to Georgia were largely concentrated on Armenia, which accounted for 76.7% of total flows; other countries together formed the residual share.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Georgia in value, 2017-2020