EastFruit analyzes the demand and export structure, in which Georgia continues to increase fruit exports to Russia

Published 2022년 2월 23일

Tridge summary

In 2021, Georgia came close to achieving a record $100 million in fruit and nut exports to Russia, with actual exports totaling $94 million. The exports were dominated by tangerines and peaches, accounting for 59% of the total earnings, while apples, hazelnuts, and blueberries contributed an additional 25%. The volume of exports to Russia has been consistently growing, with some products like lemons, oranges, watermelons, plums, strawberries, and grapes almost doubling every year. However, the high dependence on the Russian market, which accounts for over 90% of exports for most fresh fruit positions, presents a significant risk. Experts recommend that Georgia diversify its export markets to mitigate potential market risks and reduce dependence on Russia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2021, Georgia came close to an impressive and record $100 million in fruit and nut exports to the Russian Federation, supplying $94 million worth of products. EastFruit analysts analyze the export structure, the most trending and fastest growing positions, as well as the pros and cons for the fruit and vegetable business of Georgia from increasing exports to this unstable and unpredictable market. “Five years ago, Georgia exported to the Russian Federation in significant volumes only five items of the fruit sector: tangerine, peach, persimmon, hazelnut and apple. And even then, apple exports barely exceeded 100 tons. At the end of 2021, there were already about 20 positions of Georgian fruit exports, for which the supply volumes exceeded 100 tons per year, and the growth in exports even for the main positions over this period was multiple. Apple exports, for example, have grown 113 times in five years,” says Andriy Yarmak, an economist at the Investment Department of the Food ...
Source: Eastfruit

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