Sucrose in solid form market in Georgia

Earlier Report Observations

The market for sucrose in solid form in Georgia saw a rapid expansion in 2019, with volume jumping 45% to 219.7 thousand tons. This surge was fueled by record-high sugar imports that signaled strong demand, coupled with active state support for local manufacturers through the "Produce in Georgia" initiative. However, the market contracted sharply the following year, falling 41% to 129.1 thousand tons in 2020.

After dipping further to 111.2 thousand tons in 2021, the market recovered to 131.6 thousand tons in 2022. Regulatory changes began to shape the sector, most notably the introduction of import tariffs on sugar in 2023 designed to shield domestic production. This measure coincided with market stabilization at 130.4 thousand tons in 2023. The policy direction continued with the imposition of a 40 tetri import duty on sugar starting in July 2024.

Production sucrose in solid form in Georgia

In kind, 2017-2020, t

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

After two consecutive years of growth, Georgia's production of solid sucrose declined. In 2019, production reached its peak at 91,160 tonnes, but then fell to 57,073 tonnes in 2020, representing a 37.4% decrease from the previous year. Over the 2017-2020 period, production increased by 12.3%, with an average annual growth rate of 3.9%. The most significant year-over-year increase occurred in 2019, when production surged by 54.2%.

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

In value, 2017-2020, K $ US

In 2020, the value of Georgia's solid sucrose production was $30,790 thousand, showing a sharp 27.9% decline compared to 2019. The lowest value during the period was recorded in 2018 at $25,128 thousand, while the highest came in 2019 at $42,705 thousand. From 2017 to 2020, production value increased by 17.6%, translating to an average annual growth rate of 5.6%. The most substantial year-over-year increase happened in 2019, when the value jumped by 69.9%.

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

Exports sucrose in solid form from Georgia

Exports in kind, K t

The data shows irregular fluctuations, pointing to a volatile market environment. Georgia's solid sucrose exports reached their lowest point in 2019 at 0.0 thousand tonnes, then rebounded to 4.1 thousand tonnes in 2020, marking an extraordinary 18,200.3% increase compared to the previous year. The peak occurred in 2017, creating a 338-fold difference between the high and low points. The most significant decline was recorded in 2018, when exports dropped by 94.7%.

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

Between 2017 and 2020, Azerbaijan and Uzbekistan together accounted for 96.4% of Georgia's total solid sucrose exports by volume, while other countries formed a more diversified but less significant portion of the export market.

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 displayed an unstable trend throughout the period. Georgia's solid sucrose export value hit its lowest point in 2019 at $11 thousand, then recovered to $2,228 thousand in 2020, representing a remarkable 20,974.2% increase from the previous year. The peak occurred in 2017, creating a 371-fold difference between the high and low points. The most substantial decline was recorded in 2018, when export value fell by 95.6%.

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

From 2017 to 2020, Azerbaijan and Uzbekistan together captured 96.1% of Georgia's total solid sucrose export value, with the remaining flows distributed thinly across other markets.

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

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

Imports sucrose in solid form to Georgia

Imports in kind, K t

After two years of growth, Georgia's imports of solid sucrose declined. In 2019, imports reached their peak at 128.5 thousand tonnes, but then fell to 76.1 thousand tonnes in 2020, representing a 40.8% decrease year-over-year. Over the 2017-2020 period, imports decreased by 14%, equating to an average annual decline of 4.9%. The most significant year-over-year increase occurred in 2019, when imports rose by 38.1%.

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

Between 2017 and 2020, Poland (36.9% of import volume), Ukraine (13.5%), and Russia (12.4%) remained Georgia's main suppliers of solid sucrose, jointly accounting for 62.9% of total imports by 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

In 2020, Georgia's solid sucrose import value was recorded at $29,750 thousand, reflecting a sharp 40.8% drop compared to 2019. The highest value during the period was recorded in 2019 at $50,213 thousand. From 2017 to 2020, import value decreased by 32.2%, with an average annual decline of 12.2%. The most substantial year-over-year increase occurred in 2019, when the value rose by 37.1%.

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

Between 2017 and 2020, Poland (35.5% of import value), Ukraine (15.0%), and Russia (11.7%) were the leading sources of Georgia's solid sucrose imports by value, jointly accounting for 62.1% 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