Georgia: Top horticulture events in 2022

Published Dec 21, 2022

Tridge summary

The Georgian fruit and vegetable sector faced challenges in 2022 due to global economic difficulties, the energy crisis, and the ongoing war in Ukraine. These challenges led to increased production and logistics costs, and a decrease in external demand, but an increase in local demand due to migration from Russia. The crisis in Turkey and its export restrictions also impacted the Georgian market. Exports were down 17% from the previous year, while imports increased by 30%. The article provides an in-depth analysis of the effects of these challenges on the prices and demand for various fruits, vegetables, and other agricultural products in Georgia.

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

Original content

The EastFruit Georgian team sums up the results of the main events in the field of fruit and vegetable business in Georgia in 2022. 2022 has been quite a difficult year for the Georgian horticultural sector, which is not surprising given the difficulties in the global economy. The 2021 global energy crisis, largely fueled by the rapid recovery of the economy from the Covid pandemic, has led to a sharp excess of demand over supply – hence rising energy prices. The crisis was further exacerbated by Russia's unjust invasion of Ukraine. The war, which is still ongoing, is having a significant impact on Georgian horticulture, as the Georgian economy is closely linked to the markets of both countries through trade and tourism. As a reflection of the global hardship caused by the war, Georgian horticulture has faced rising production and logistics costs. The war also led to a decrease in external demand for Georgian fruits, nuts and vegetables, but local demand increased due to the ...

Source: Eastfruit