Bran, sharps and residues from cereal or legume processing market in Georgia

Earlier Report Observations

The market volume for bran, sharps and residues from cereal or legume processing in Georgia showed notable fluctuations between 2018 and 2023. It reached a peak of 124.1 thousand tons in 2020, reflecting a period of elevated activity. Subsequently, the market entered a phase of gradual contraction, with the volume declining to 115.7 thousand tons in 2021 and further to 110.8 thousand tons in 2022.

A pivotal shift occurred in 2022 when domestic production fell sharply by over 46% to 57.9 thousand tons. This drop in local output was counterbalanced by a dramatic, fivefold increase in imports, which rose to 53.1 thousand tons. This substantial inflow of foreign product helped cushion the total market volume from a more severe decline during that year.

By 2023, the market displayed signs of stabilization, with the volume easing only slightly by 1.7% to 108.9 thousand tons. Domestic production saw a modest recovery to 60.7 thousand tons, while imports remained historically high at 48.2 thousand tons, indicating a sustained reliance on imported supplies to meet demand.

Production bran, sharps and residues from cereal or legume processing in Georgia

In kind, 2017-2020, K t

Top producers of bran, sharps and residues from cereal or legume processing, 2017-2020

World map of production of bran, sharps and residues from cereal or legume processing, 2017-2020

Georgia's production of bran, sharps, and residues from cereal or legume processing rebounded after two years of decline. In 2019, output reached its lowest point at 105.1 thousand tons. The following year, in 2020, production increased by 10.8% to 116.5 thousand tons. The most significant decline occurred in 2018, when production fell by 8.0%.

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

Exports bran, sharps and residues from cereal or legume processing from Georgia

Exports in kind, t

The export market showed considerable volatility during this period. In 2019, Georgia exported 2 003 tons of bran, sharps, and residues from cereal or legume processing, marking the highest volume. By 2020, exports plummeted by 95.8% to just 84 tons. The difference between these peak and trough levels was 24-fold. The largest increase occurred in 2018, with a surge of 240.6%.

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

From 2017 to 2020, Armenia was the primary destination for Georgia's exports of bran, sharps, and residues from cereal or legume processing, accounting for 92.2% of total export volumes.

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

Export values exhibited significant fluctuations. In 2019, shipments peaked at 371 thousand US dollars. By 2020, this figure dropped by 95.5% to 17 thousand US dollars, representing a 22-fold difference between the highest and lowest points. The most substantial increase was recorded in 2018, with a rise of 341.6%.

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

During the 2017–2020 period, Armenia continued to dominate Georgia's export value for bran, sharps, and residues from cereal or legume processing, capturing 94.6% of total export revenues.

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

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

Imports bran, sharps and residues from cereal or legume processing to Georgia

Imports in kind, t

Georgia's imports of bran, sharps, and residues from cereal or legume processing declined for the second consecutive year. In 2018, imports reached their highest level at 14 883 tons. The following year, in 2019, they fell by 38.5%. By 2020, imports decreased further by 16.2% to 7 670 tons. Over the entire 2017–2020 period, imports dropped by 38.1%, with an average annual decline of 14.8%. The largest increase occurred in 2018, at 20.1%.

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

From 2017 to 2020, Azerbaijan was the leading source for Georgia's imports of bran, sharps, and residues from cereal or legume processing, representing 88.5% of total import volumes, while other countries held smaller shares.

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

Import values for bran, sharps, and residues from cereal or legume processing into Georgia fell for the second year in a row. In 2018, imports peaked at 1 900 thousand US dollars. The following year, in 2019, they declined by 37.6%. By 2020, imports decreased by 7.4% to 1 097 thousand US dollars. Over the 2017–2020 span, import values dropped by 39.9%, with an average annual decrease of 15.6%. The largest increase was recorded in 2018, at 4.0%.

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

Between 2017 and 2020, Azerbaijan remained the primary supplier for Georgia's imports of bran, sharps, and residues from cereal or legume processing in value terms, accounting for 80.6% of total import spending, with the remainder distributed among other nations.

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

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