Market research

Walnuts 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 walnut market volume in Georgia expanded from 7 090 t in 2018 to 9 838 t in 2023, marking a 39% growth over the period. This increase was not linear, with the market peaking at 10 243 t in 2022 after a significant 29% jump from the previous year.

Domestic production followed a similar trajectory, rising from 5 700 t to 8 800 t by 2022 before contracting to 7 200 t in 2023. Imports, which fell sharply in 2020 and 2021, rebounded strongly to 2 752 t in 2023, helping to offset the decline in local output and supporting overall market volume.

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, 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, 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, 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, t
    1. 6.1.2.1. Annual dynamics of product's exports from Georgia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Georgia by countries, 2018-2024, 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, t
    1. 6.2.2.1. Annual dynamics of product's exports from Georgia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Georgia by countries, 2018-2024, 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, t
    1. 7.1.2.1. Annual dynamics of product's imports to Georgia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Georgia by countries, 2018-2024, 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, t
    1. 7.2.2.1. Annual dynamics of product's imports to Georgia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Georgia by countries, 2018-2024, 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, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, 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 walnuts in Georgia

In kind, 2017-2020, t

Top producers of walnuts, 2017-2020

Source: SHEV.io

World map of production of walnuts, 2017-2020

Source: SHEV.io

Georgia's walnut production has increased for the third consecutive year. In 2020, the country produced 7 500 tons of walnuts, which represents a 13.6% increase compared to 2019. Over the period from 2017 to 2020, production grew by 127.3%, with an average annual growth rate of 31.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	72.7%	15.8%	13.6%	31.5%

Source: SHEV.io

Exports walnuts from Georgia

Exports in kind, t

The market experienced significant fluctuations during this period. Exports reached their lowest point in 2017 and peaked in 2019, with an 11.6-fold difference between these years. In 2020, Georgia exported 240 tons of walnuts, marking a sharp decline of 33.4% from the previous year. The highest export volume was recorded in 2019 at 361 tons, while the largest percentage increase occurred in 2018, with a growth of 298.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	298.8%	190.8%	(33.4%)	97.6%

Source: SHEV.io

From 2017 to 2020, Armenia, Kazakhstan, and Russia were the main destinations for Georgia's walnut exports in volume terms. Armenia accounted for 31.3% of exports, Kazakhstan for 26.1%, and Russia for 7.7%. Together, these three countries represented 65.1% of total export flows.

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

The market displayed notable volatility over the observed period. Exports hit their lowest point in 2017 and peaked in 2019, with a 6.1-fold gap between these years. In 2020, Georgia's walnut exports totaled 1 130 thousand US dollars, which is 17.1% lower than the previous year. The maximum value was recorded in 2019 at 1 362 thousand US dollars, and the largest percentage increase also occurred in 2019, with a rise of 276.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	61.2%	276.6%	(17.1%)	71.4%

Source: SHEV.io

Throughout 2017 to 2020, Armenia, Kazakhstan, and the United Arab Emirates were the key partners for Georgia's walnut exports in value terms. Armenia accounted for 30.0% of exports, Kazakhstan for 17.5%, and the United Arab Emirates for 15.6%. Collectively, these three countries made up 63.1% of total export 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 walnuts to Georgia

Imports in kind, t

After two years of growth, Georgia's walnut imports declined. In 2020, imports were recorded at 925 tons, representing a year-on-year decrease of 51.7%. Between 2017 and 2020, imports fell by 17.1%, which translates to an annualized decline of 6.1%. The highest import volume was in 2019 at 1 913 tons, while the largest percentage increase occurred in 2018, with a growth of 35.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	35.8%	26.3%	(51.7%)	(6.1%)

Source: SHEV.io

From 2017 to 2020, Ukraine and Chile were the dominant suppliers of walnuts to Georgia in volume terms. Together, they accounted for 81.6% of total imports, with other destinations each contributing relatively small shares.

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 walnut imports declined for the second consecutive year. In 2020, the country imported a total of 1 877 thousand US dollars worth of walnuts, which is a 65.4% drop from the year before. Between 2017 and 2020, imports decreased by 56.2%, equating to an annualized decline of 24.1%. The maximum value was recorded in 2018 at 5 525 thousand US dollars, and the largest percentage increase also occurred in 2018, with a rise of 28.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	28.8%	(1.8%)	(65.4%)	(24.1%)

Source: SHEV.io

Over the period from 2017 to 2020, Ukraine was the primary source for Georgia's walnut imports in value terms, accounting for 76.2% of total flows. Other markets contributed smaller shares, forming a long tail of minor partners.

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