Wood in the rough market in Georgia

Earlier Report Observations

The market for wood in the rough in Georgia displayed significant shifts between 2018 and 2023. It expanded to a high of 404 thousand tons in 2019, then contracted over the following years, ending at 332 thousand tons in 2023. The overall period saw a net decrease in market volume of about 50 thousand tons from its peak.

Domestic production mirrored this volatility, rising to 380 thousand tons in 2019 before declining. Concurrently, import volumes, which had previously supplied over 20 thousand tons annually, fell sharply to 6.5 thousand tons by 2023, significantly contributing to the market's reduction in that final year.

The market experienced two main downturns: a drop in 2020 and a steeper 12% decline in 2023. The latter decrease coincided with a period of substantially lower import levels, while production also remained below earlier highs.

Production wood in the rough in Georgia

In kind, 2017-2020, K t

Top producers of wood in the rough, 2017-2020

World map of production of wood in the rough, 2017-2020

In 2020, Georgia produced 357.6 thousand tons of wood in the rough, marking a 5.9% decline compared to the previous year. Over the 2017-2020 period, production decreased by 5.9%, with a compound annual growth rate of 2.0%. The highest production level was recorded in 2019 at 380.2 thousand tons, which also saw the largest annual increase of 5.5%.

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

Exports wood in the rough from Georgia

Exports in kind, t

The market showed an unstable trend throughout the period. Exports peaked in 2017 and hit their lowest point in 2018, with a dramatic 700-fold swing between these years. In 2020, Georgia's wood in the rough exports amounted to 73 tons, representing a sharp 99.9% drop from 2019.

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

From 2017 to 2020, China and Armenia remained the primary destinations for exports in kind, together accounting for 99.9% of total export 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

The market exhibited an unstable trend throughout the timeframe. Exports reached their highest point in 2020 and their lowest in 2018, varying by 44 times between these years. In 2020, Georgia exported 22 thousand US dollars worth of wood in the rough, reflecting a significant 96.9% loss compared to 2019.

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

Between 2017 and 2020, Armenia and China clearly dominated the partner structure for exports in value terms, while other countries collectively formed the remaining share.

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

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

Imports wood in the rough to Georgia

Imports in kind, t

After a two-year increase, Georgia's wood in the rough imports from abroad declined. In 2020, import volume totaled 15 065 tons, showing a sharp 37.6% decrease relative to the prior year. Over the 2017-2020 period, imports decreased by 16.8%, with a compound annual growth rate of 6.0%. The maximum import volume was recorded in 2019 at 24 139 tons, while the largest annual increase occurred in 2018 at 19.6%.

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

From 2017 to 2020, Turkey (56.3% of imports in kind), Lithuania (18.6% of imports in kind), and Latvia (9.8% of imports in kind) continued to be the main suppliers of wood in the rough to Georgia, jointly forming 84.7% of total imports in kind.

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

Georgia's wood in the rough import volume declined for the second consecutive year. In 2020, imports reached 3 092 thousand US dollars, amounting to a 38.4% reduction year-over-year. Over the 2017-2020 period, imports decreased by 23.1%, with a compound annual growth rate of 8.4%. The highest import value was recorded in 2018 at 5 448 thousand US dollars, which also saw the largest annual increase of 35.5%.

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

Between 2017 and 2020, Turkey (57.4% of imports in value terms), Lithuania (19.1% of imports in value terms), and Latvia (8.7% of imports in value terms) stood out as the main markets for imports in value terms, together representing 85.3% 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