Milk powder with fat content of >1.5% market in Georgia

Earlier Report Observations

The market for milk powder with fat content over 1.5% in Georgia experienced significant volatility between 2018 and 2023. Total market volume reached a high of 486.2 tons in 2021 before contracting sharply to 244.8 tons by 2023. Domestic production demonstrated consistent growth, rising from 123.3 tons to 135.5 tons over the period, reflecting an expansion in local manufacturing.

Market movements were largely dictated by import fluctuations. Imports fell from 295.8 tons in 2018 to 202.4 tons in 2019, reducing total supply. After rebounding to 351.5 tons in 2021, import volumes collapsed to 143.5 tons in 2022 and 109.2 tons in 2023, driving the overall market decline. Export activity remained minimal throughout these years.

Production milk powder with fat content of >1.5% in Georgia

In kind, 2017-2020, t

Top producers of milk powder with fat content of >1.5%, 2017-2020

World map of production of milk powder with fat content of >1.5%, 2017-2020

Georgia's production of milk powder with a fat content exceeding 1.5% has grown for the third consecutive year. In 2020, the country produced 130.2 tonnes, representing a moderate increase of 4.2% compared to 2019. Looking at the period from 2017 to 2020, production rose by 11.2%, which translates to an average annual growth rate of 3.6%.

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

Exports milk powder with fat content of >1.5% from Georgia

Exports in kind, t

In 2020, Georgia exported 0.2 tonnes of milk powder with a fat content above 1.5%, marking a sharp decline of 80.8% year-over-year. Over the 2017-2020 period, exports fell by 99.9%, with a compound annual growth rate (CAGR) of -90.8%.

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

From 2017 to 2020, Kazakhstan was the primary destination for Georgia's milk powder exports with a fat content over 1.5%, accounting for 99.5% of total exports in volume.

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

Georgia's exports of milk powder with a fat content exceeding 1.5% amounted to 1 000 US dollars in 2020, reflecting a significant decrease of 56.9% compared to the previous year. Between 2017 and 2020, exports dropped by 99.9%, corresponding to an annualized decline of 89.8%.

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

During the 2017-2020 period, the export market was highly concentrated, with Kazakhstan alone responsible for 99.6% 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 milk powder with fat content of >1.5% to Georgia

Imports in kind, t

After two years of decline, Georgia's imports of milk powder with a fat content above 1.5% rebounded in 2020. The country imported 277.8 tonnes, up 37.2% from 2019. Over the 2017-2020 span, imports decreased by 33%, with a CAGR of -12.5%. The lowest import volume was recorded in 2019 at 202.4 tonnes, which also saw the largest annual decline of 31.6%.

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

From 2017 to 2020, the top suppliers of milk powder with a fat content over 1.5% to Georgia were Belarus (41.8% of import volume), Paraguay (17.2%), and Ukraine (13.1%). Together, these three countries accounted for 72.1% of total imports in volume.

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

Following a two-year downturn, Georgia's imports of milk powder with a fat content exceeding 1.5% increased in 2020. Imports totaled 897 000 US dollars, showing a dramatic rise of 60.9% compared to 2019. Between 2017 and 2020, imports fell by 18.1%, equating to an annualized decrease of 6.5%. The lowest value was recorded in 2019 at 557 000 US dollars, with the largest annual drop occurring in 2018 at 42.7%.

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

Over the 2017-2020 period, Belarus (43.0% of import value), Paraguay (20.0%), and Ukraine (12.9%) consistently led as the main sources of milk powder imports to Georgia in value terms, collectively representing 75.8% 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