Not roasted and not cooked groundnuts market in Georgia

Earlier Report Observations

The market for not roasted and not cooked groundnuts in Georgia expanded from 1 666 t in 2018 to 1 734 t in 2019. This initial growth was supported by the renewal of the micro and small entrepreneurship promotion component, which activated regional populations and stimulated small business development, thereby boosting economic activity and demand. The market volume then contracted to 1 423 t in 2020 and stabilized around 1 408 t in 2021.

A recovery followed, with the market reaching 1 605 t in 2022 and 1 658 t in 2023. The growth in 2023 was driven by the increased market share of large companies at the retail level, which improved product distribution and availability, and by the National Food Agency's crackdown on illegal enterprises, which strengthened quality control and consumer confidence.

Production not roasted and not cooked groundnuts in Georgia

In kind, 2017-2020, t

Top producers of not roasted and not cooked groundnuts, 2017-2020

World map of production of not roasted and not cooked groundnuts, 2017-2020

Georgia's production of not roasted and not cooked groundnuts increased after two years of decline. In 2019, production reached its lowest point at 219.0 t. The following year, in 2020, output rose to 222.1 t, marking a 1.4% improvement compared to 2019. The largest decline occurred in 2018, when production fell by 1.9%.

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

Exports not roasted and not cooked groundnuts from Georgia

Exports in kind, t

The export market for not roasted and not cooked groundnuts from Georgia showed significant volatility during this period. In 2018, exports hit their lowest point at 0.0 t. The following year, in 2019, they surged to a peak of 38 t, representing an extraordinary increase of 1 266 566.7%. However, by 2020, exports dropped sharply to just 3 t, a 91.4% decline compared to 2019. The overall amplitude between the peak and trough was 12 667 times, with the largest decline of 99.4% recorded in 2018.

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

From 2017 to 2020, Kazakhstan was the dominant destination for Georgia's exports of not roasted and not cooked groundnuts in volume terms, accounting for 91.0% of total 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

Export values for not roasted and not cooked groundnuts from Georgia exhibited considerable volatility. In 2018, exports reached their lowest point at 0.0 K $ US. The following year, in 2019, they peaked at 11 K $ US, reflecting a massive increase of 241 425.4%. By 2020, exports fell to 4 K $ US, a steep decline of 66.5% compared to 2019. The overall variation between the high and low points was 2 415 times, with the largest decline of 99.3% occurring in 2018.

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

Throughout the 2017–2020 period, Kazakhstan and Azerbaijan were the core markets for Georgia's exports of not roasted and not cooked groundnuts in value terms, together representing 100.0% of total 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 not roasted and not cooked groundnuts to Georgia

Imports in kind, t

Georgia's imports of not roasted and not cooked groundnuts declined after two years of growth. In 2019, imports reached their highest point at 1 553 t, with a 7.5% increase that year. However, by 2020, imports fell to 1 204 t, a strong drop of 22.5% compared to 2019. Over the entire 2017–2020 period, imports decreased by 13.1%, with a compound annual growth rate (CAGR) of -4.6%.

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

From 2017 to 2020, Georgia's imports of not roasted and not cooked groundnuts in volume terms were highly concentrated, with India alone responsible for 91.7% of total 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

In 2020, Georgia's imports of not roasted and not cooked groundnuts in value terms amounted to 1 479 K $ US, representing a robust drop of 15.4% compared to the previous year. The maximum value was recorded in 2019 at 1 748 K $ US, with a 9.0% increase that year. Over the 2017–2020 period, imports decreased by 8.6%, with a compound annual growth rate (CAGR) of -3.0%.

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

From 2017 to 2020, the structure of Georgia's imports of not roasted and not cooked groundnuts in value terms was dominated by India, which absorbed 89.4% of total flows, alongside a large number of minor partners.

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

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