November data shows the smallest annual backlog in Georgian hazelnut exports

Published 2022년 12월 3일

Tridge summary

Georgia's hazelnut exports in November brought in $13.3 million, showing a decrease from the previous season but with a narrowing gap between the two seasons. The inshell hazelnuts segment saw a 3% increase from the previous year, reaching a record 1240 tons with a higher average price of $3.00/kg. Ninety percent of these inshell hazelnuts were exported to Italy. Although kernel exports increased slightly from October, they still fell behind November 2021 by 6%. The average price for kernels remained unchanged at $4.80/kg, with Germany, Italy, and Armenia being the main buyers. Despite the overall decline this season compared to the previous one, there has been increased demand from importers, with expectations of more activity from March 2023.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EastFruit analysts are studying the latest data on the export of Georgian hazelnuts. The country exported $13.3 million worth of hazelnuts in November, down from the previous season's November, but there is still good news: the gap in export earnings between the current and previous season is narrowing. If during August-October 2022 the value of exports lagged behind the values of 2021 by 30-70%, now the difference has decreased to 17%. Some local market participants are talking about more active demand. The export of inshell hazelnuts remains more popular compared to previous seasons. Of the total export revenue in November 2022, 30% came from inshell hazelnuts. The volume of product exports amounted to 1240 tons, which is 3% higher than in November last year, and it is a record figure for the month. The average export price of inshell hazelnuts improved compared to the previous month from $2.80/kg to $3.00/kg. The price rose by 3% compared to November last year. 90% of the ...

Source: Eastfruit