Treenuts market in Georgia

Earlier Report Observations

From 2018 to 2021, the Georgian treenuts market demonstrated strong and consistent growth, with its volume increasing from 16 945 tons to 33 842 tons and its value rising from $89.4 million to $155.2 million. This expansion established a clear upward trend for the market over the first four years of the period.

The market experienced a significant interruption in 2022, contracting to 24 419 tons valued at $95.3 million. However, a robust recovery followed in 2023, bringing the market volume to 34 351 tons and its value to $148.2 million, nearly returning to the peak levels seen prior to the contraction.

Production treenuts in Georgia

In kind, 2017-2020, t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

Georgia's treenuts production has increased for the second consecutive year. In 2020, the country produced 41 594 tonnes of treenuts, marking a significant year-over-year rise of 30.1%. Over the period from 2017 to 2020, production grew by 59.5%, with a compound annual growth rate of 16.9%. The lowest production level was recorded in 2018 at 24 062 tonnes, which also saw the largest decline of 7.7%. In contrast, the largest increase occurred in 2019, with a growth of 32.9%.

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

In value, 2017-2020, M $ US

Treenuts production in Georgia has increased for the second year in a row. In 2020, the output was valued at 218.2 million US dollars, representing a year-over-year advance of 36.7%. From 2017 to 2020, production rose by 53.7%, with a compound annual growth rate of 15.4%. The minimum value was recorded in 2018 at 129.1 million US dollars, which also experienced the largest decline of 9.0%.

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

Exports treenuts from Georgia

Exports in kind, t

Foreign treenuts supplies from Georgia have increased for the second consecutive year. In 2020, exports amounted to 17 954 tonnes, showing a steep improvement of 33.9% compared to the previous year. Over the period from 2017 to 2020, exports grew by 17.5%, with a compound annual growth rate of 5.5%. The lowest export volume was recorded in 2018 at 13 015 tonnes, which also saw the largest decline of 14.8%.

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

From 2017 to 2020, the country breakdown of exports in kind was scattered. Italy accounted for 22.8% of exports in kind, Germany for 16.8%, and Russia for 8.7%, with these three partners together making up just 48.3% of total flows. No single partner emerged as clearly dominant during this period.

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

After a two-year decrease, Georgia's treenuts exports have increased. In 2020, exports amounted to 94 167 thousand US dollars, showing a sharp increase of 40.6% from 2019. Between 2017 and 2020, exports rose by 13.2%, equating to an annualized rate of 4.2%. The minimum value was recorded in 2019 at 66 977 thousand US dollars, while the largest decline occurred in 2018 at 16.0%.

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

The country composition of exports in value terms from 2017 to 2020 was dispersed. Italy represented 21.8% of exports in value terms, Germany 18.4%, and Russia 8.8%, with these three countries together forming just 49.0% of total flows. The remaining 51.0% was split among a wide range of other destinations.

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

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

Imports treenuts to Georgia

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. The lowest import volume occurred in 2017, while the highest stood at 5 899 tonnes in 2018, resulting in a peak-to-trough ratio of 2.1 times. In 2020, Georgia's treenuts imports came to 3 088 tonnes, representing a 33.6% fall versus the previous year. The largest increase was recorded in 2018 at 113.8%.

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

From 2017 to 2020, imports in kind of treenuts to Georgia were not heavily concentrated. Ukraine accounted for 21.2% of imports in kind, the United States for 16.9%, and Azerbaijan for 11.4%, with these three partners together capturing only 49.6% 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

There were noticeable fluctuations in market performance during the period. Imports varied by 2.9 times, from a low in 2020 to a high in 2018. In 2020, foreign treenuts supplies to Georgia were recorded at 10 408 thousand US dollars, indicating an intense reduction of 31.7% compared with 2019. The maximum value was recorded in 2018 at 30 105 thousand US dollars. The largest decline occurred in 2019 at 49.4%, while the largest increase was in 2018 at 139.7%.

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

From 2017 to 2020, the partner portfolio for imports in value terms of treenuts to Georgia was quite broad. Ukraine represented 19.3% of imports in value terms, the United States 16.1%, and Azerbaijan 13.9%, with these three countries together accounting for only 49.3% of total flows.

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

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