November data shows the smallest annual backlog in Georgian hazelnut exports

Raw Hazelnut

Hazelnut Kernel

Georgia

Published Dec 4, 2022

Tridge summary

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.

Original content

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 exported inshell hazelnuts were sent to Italy. See also: Ukrainian walnut growers study and use the Georgian experience of growing hazelnuts - Ruslan Sula (video) The volume of kernel exports increased compared to October, increasing from 1880 tons to 2022 tons, but still lagged behind November 2021 by only 6%. The average annual decline in exports over the previous three months was 40%, so such a small gap in November can be seen as an improvement. In contrast to the situation with inshell hazelnuts, export ...

Source: Eastfruit