Ethyl alcohol market in Georgia

Earlier Report Observations

The Georgian ethyl alcohol market opened the period at a high of 64.6 million liters in 2018, supported by increased supply from Armenian exports of high-strength alcohol to Georgia, which expanded product availability.

From 2019 onward, market volume entered a downward trend, falling to 50.1 million liters in 2020 and stabilizing near 49.9 million liters in 2021. A severe contraction occurred in 2022, when consumption dropped by 40% to 29.6 million liters, before a partial recovery to 34.6 million liters in 2023.

Production ethyl alcohol in Georgia

In kind, 2017-2020, K l

Top producers of ethyl alcohol, 2017-2020

World map of production of ethyl alcohol, 2017-2020

Ethyl alcohol production in Georgia declined after two years of growth. In 2019, production reached its peak at 46 064 thousand liters, marking a significant increase of 14.4% from the previous year. However, by 2020, production had fallen to 35 634 thousand liters, representing a sharp decrease of 22.6% compared to 2019. Over the entire period from 2017 to 2020, production decreased by 4.3%, which translates to an average annual decline of 1.5%.

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

Exports ethyl alcohol from Georgia

Exports in kind, K l

Ethyl alcohol exports from Georgia showed notable fluctuations during this period. In 2018, exports peaked at 1 433 thousand liters, but then dropped sharply to a low of 220 thousand liters in 2019, reflecting an 84.7% decline. This created a 6.5-fold gap between the highest and lowest years. By 2020, exports rebounded strongly to 1 325 thousand liters, surging by 502.9% compared to 2019.

Annual dynamics of product's exports from Georgia in kind, 2017-2020, K l

From 2017 to 2020, the Netherlands, Turkey, and Armenia were the core markets for Georgia's ethyl alcohol exports in volume terms. The Netherlands accounted for 39.1% of exports, Turkey for 19.9%, and Armenia for 13.9%. Together, these three countries represented 72.9% of total export flows.

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

Ethyl alcohol export values from Georgia exhibited significant volatility. In 2018, exports reached their highest point at 3 277 thousand US dollars, but then plummeted to a low of 200 thousand US dollars in 2019, a dramatic decline of 93.9%. This resulted in a 16-fold difference between these two years. By 2020, export values recovered to 1 597 thousand US dollars, showing a sharp increase of 700.3% compared to 2019.

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

Between 2017 and 2020, the Netherlands, Turkey, and Iran were the main destinations for Georgia's ethyl alcohol exports in value terms. The Netherlands dominated with 60.2% of exports, followed by Turkey at 13.9% and Iran at 7.4%. Collectively, these three markets absorbed 81.5% of total export value.

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

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

Imports ethyl alcohol to Georgia

Imports in kind, K l

Ethyl alcohol imports into Georgia displayed considerable volatility. In 2018, imports peaked at 25 766 thousand liters, increasing by 78.1% from the previous year. However, they then fell sharply to a low of 9 549 thousand liters in 2019, a decline of 62.9%. This created a 2.7-fold gap between the highest and lowest years. By 2020, imports rebounded to 15 836 thousand liters, rising by 65.8% compared to 2019.

Annual dynamics of product's imports to Georgia in kind, 2017-2020, K l

From 2017 to 2020, ethyl alcohol imports into Georgia were distributed across numerous markets, resulting in a fragmented structure. Russia accounted for 16.0% of imports in volume, Belarus for 15.9%, and the United Kingdom for 15.7%. Together, these three countries represented only 47.6% of total import flows.

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

Ethyl alcohol import values into Georgia showed irregular changes, indicating a volatile market. In 2018, imports reached their maximum at 31 371 thousand US dollars, but then dropped to a minimum of 10 066 thousand US dollars in 2019, a decline of 67.9%. This resulted in a 3.1-fold gap between these years. By 2020, import values increased to 18 750 thousand US dollars, representing a sharp gain of 86.3% compared to 2019.

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

The structure of ethyl alcohol imports into Georgia in value terms from 2017 to 2020 was diversified, with no single country holding a dominant position. The United Kingdom accounted for 19.2% of imports, Moldova for 14.5%, and Armenia for 12.6%. Together, these three countries made up just 46.4% of total import flows.

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

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