Market research

Maize market in Georgia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The maize market in Georgia experienced significant fluctuations between 2018 and 2023. Starting at 271.4 thousand tons in 2018, total market volume grew consistently, reaching a peak of 373.4 thousand tons in 2020. This expansion was followed by a sharp contraction over the next two years, with the market declining to 310.6 thousand tons in 2021 and then plummeting to 184.3 thousand tons in 2022. The trend reversed in 2023, with the market recovering to 247 thousand tons.

The period was marked by high volatility, particularly from 2020 onward. The peak in 2020 represented a substantial increase from pre-2020 levels, while the subsequent downturn in 2021 and 2022 saw the market lose nearly half its volume at the lowest point. The partial recovery in 2023 brought the market size back to a level between the 2019 and 2021 figures, indicating ongoing adjustments in supply and demand.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Georgia
  1. 5.1.1. Annual dynamics of production in Georgia in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Georgia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Georgia in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Georgia by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Georgia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Georgia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Georgia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Georgia by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Georgia in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Georgia by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Georgia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Georgia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Georgia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Georgia by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Georgia in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Georgia by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Georgia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Georgia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Georgia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Georgia by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Georgia in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Georgia by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Georgia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Georgia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Georgia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Georgia by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production maize in Georgia

In kind, 2017-2020, K t

Top producers of maize, 2017-2020

Source: SHEV.io

World map of production of maize, 2017-2020

Source: SHEV.io

Georgia's maize production has grown for the third year in a row. In 2020, the country produced 255.0 thousand tons of maize, marking a significant 23.1% increase compared to 2019. Looking at the period from 2017 to 2020, production rose by 78.9%, which translates to an average annual growth rate of 21.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	36.3%	6.6%	23.1%	21.4%

Source: SHEV.io

Exports maize from Georgia

Exports in kind, K t

The data shows irregular changes, pointing to a volatile market environment. Exports bottomed in 2017 and peaked in 2018, with a 3.1-fold difference between these years. In 2020, maize deliveries from Georgia reached 0.6 thousand tons, down 22.9% from the previous year. The highest export volume was recorded in 2018 at 1.2 thousand tons. The largest decline occurred in 2019, falling by 33.7%, while the biggest increase was in 2018, surging by 207.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	207.0%	(33.7%)	(22.9%)	16.2%

Source: SHEV.io

From 2017 to 2020, Armenia and Russia were the leading destinations for Georgia's maize exports in kind, together accounting for 87.6% of total flows. The remaining share was distributed among other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

After two years of growth, Georgia's maize exports in value terms declined. In 2020, exports amounted to 710 thousand US dollars, a decrease of 32.0% compared to the previous year. Over the 2017-2020 period, exports increased by 16.9%, with a compound annual growth rate of 5.3%. The highest value was recorded in 2019 at 1 045 thousand US dollars. The largest increase occurred in 2018, rising by 51.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	51.0%	13.8%	(32.0%)	5.3%

Source: SHEV.io

Throughout 2017-2020, Russia, Azerbaijan, and Armenia remained the main markets for Georgia's maize exports in value terms. Russia accounted for 51.5% of exports, Azerbaijan for 26.5%, and Armenia for 21.2%, together making up 99.2% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports maize to Georgia

Imports in kind, K t

Georgia's maize imports in kind have increased for the second consecutive year. In 2020, imports reached 119.0 thousand tons, representing a sharp rise of 34.9% year-over-year. From 2017 to 2020, imports grew by 48.2%, with a compound annual growth rate of 14.0%. The lowest import volume was in 2018 at 78.4 thousand tons, which saw a slight decline of 2.3% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.3%)	12.5%	34.9%	14.0%

Source: SHEV.io

From 2017 to 2020, Georgia's maize imports in kind were heavily concentrated on Russia, which made up 97.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Georgia's maize import value has risen for the third year in a row. In 2020, imports were recorded at 24 237 thousand US dollars, up 31.4% compared to the previous year. Over the 2017-2020 period, imports increased by 51.7%, with a compound annual growth rate of 14.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.0%	4.0%	31.4%	14.9%

Source: SHEV.io

Throughout 2017-2020, Russia clearly dominated Georgia's maize imports in value terms, holding 83.2% of total flows. Other countries each accounted for significantly smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io