Israel is becoming one of the new promising destinations for the export of Georgian nuts

Published 2024년 7월 30일

Tridge summary

Georgian nut exporters are shifting their focus to Israel and the Middle East, including Saudi Arabia and the UAE, due to a decline in demand from the European Union. In the first half of 2024, Georgia exported $34.2 million worth of hazelnuts, with the EU as the main market despite a slight decrease from the previous year. Other key markets include Russia, Lebanon, Libya, Ukraine, and Algeria. Israel is becoming a promising market following a ban on Turkish nut exports. Georgia is the sixth-largest nut producer globally, with significant hazelnut, almond, and walnut plantations.

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

Original content

Exporters of Georgian nuts are exploring new markets. The main bet is on Israel and the countries of the Middle East. Until now, the lion's share of exports has gone to the countries of the European Union. But recently there has been a significant decline in demand in the European direction, writes EastFruit. According to industry representatives, the main export market for Georgian hazelnuts is currently the European Union. In the first half of 2024, nuts worth a total of $19.2 million were exported to the European Union market. True, this is $1.5 million less than a year earlier. In general, in the first half of 2024, the country exported hazelnuts totaling $34.2 million. Foreign exchange earnings were $1,600 million lower than last year’s figures. At the same time, the volume of export supplies amounted to 5,100 tons. In addition to the EU countries, Russia will also be among the main export destinations in 2024. Hazelnuts worth $2.5 million were supplied there. Next comes ...

Source: Eastfruit