In-shell walnuts market in Georgia

Earlier Report Observations

Production of in-shell walnuts in Georgia grew significantly from 5 700 t in 2018 to 8 800 t in 2022, supported by steady government interest in boosting exports and a consumer shift toward organic and eco-friendly products that stimulated new market segments. Market volume increased alongside production, peaking at 8 874 t in 2022. The market was affected in 2020 by COVID-19 disruptions to export logistics and supply chains, followed by global supply chain issues and rising energy costs in 2022 that influenced product availability and pricing.

In 2023, production fell to 7 200 t, leading to a contraction of the domestic market to 7 609 t. While import volumes increased that year, export activity remained subdued.

Production in-shell walnuts in Georgia

In kind, 2017-2020, t

Top producers of in-shell walnuts, 2017-2020

World map of production of in-shell walnuts, 2017-2020

Georgia's in-shell walnut production has grown for the third year in a row. In 2020, the country produced 7 500 tonnes, marking a strong 13.6% increase from the previous year. From 2017 to 2020, production surged by 127.3%, with an average annual growth rate of 31.5%.

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

In value, 2017-2020, K $ US

Georgia's in-shell walnut production has increased for the third consecutive year. In 2020, the output was valued at 13 503 thousand US dollars, showing a 13.3% gain compared to 2019. Over the 2017-2020 period, production rose by 63.2%, with an average annual growth rate of 17.7%.

Annual dynamics of production in Georgia in value, 2017-2020, K $ US

Exports in-shell walnuts from Georgia

Exports in kind, t

The market displayed volatility during the observed period. Exports reached their lowest point in 2017 and peaked in 2018, with an 18-fold difference between these years. In 2020, Georgia exported 70.9 tonnes of in-shell walnuts, a 77.2% increase from 2019. The highest volume was recorded in 2018 at 91.9 tonnes. The largest decline occurred in 2019, falling by 56.5%, while the biggest increase was in 2018, soaring by 1 657.9%.

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

From 2017 to 2020, Armenia, Azerbaijan, and Iraq consistently led Georgia's in-shell walnut exports by volume. Armenia accounted for 46.9% of exports, Azerbaijan for 15.4%, and Iraq for 9.6%, together making up 71.8% 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

The market showed volatile behavior over these years. Exports hit their lowest point in 2017 and peaked in 2018, with a 13.9-fold difference. In 2020, Georgia's in-shell walnut exports were valued at 128 thousand US dollars, a sharp 76.7% increase from the previous year. The highest value was recorded in 2018 at 182 thousand US dollars. The largest decline was in 2019, dropping by 60.4%, while the biggest increase was in 2018, rising by 1 290.8%.

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

Throughout 2017-2020, Armenia, Russia, and Portugal formed the core markets for Georgia's in-shell walnut exports by value. Armenia accounted for 51.2% of exports, Russia for 14.2%, and Portugal for 13.3%, together representing 78.7% of total export flows.

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

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

Imports in-shell walnuts to Georgia

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2019, with a 6.2-fold difference between these years. In 2020, Georgia imported 625.0 tonnes of in-shell walnuts, a 19.0% decrease from 2019. The highest volume was recorded in 2019 at 771.7 tonnes. The largest increase occurred in 2019, rising by 224.2%.

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

From 2017 to 2020, Chile, the United States, and Ukraine were the main suppliers of in-shell walnuts to Georgia by volume. Chile accounted for 52.1% of imports, the United States for 22.7%, and Ukraine for 11.7%, together making up 86.6% 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

Volatility characterized the market during these years. Imports hit their lowest point in 2017 and peaked in 2019, with a 4.3-fold difference. In 2020, Georgia's in-shell walnut imports were valued at 675 thousand US dollars, a steep 36.8% reduction from the previous year. The highest value was recorded in 2019 at 1 069 thousand US dollars. The largest increase was in 2019, rising by 130.2%.

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

From 2017 to 2020, Chile and the United States continued to lead Georgia's in-shell walnut imports by value, together accounting for 81.6% of total import flows, with other partners playing a supplementary role.

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

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