October figures for Georgian hazelnut exports are not very favorable

Hazelnut Kernel

Raw Hazelnut

Georgia

Published Nov 8, 2022

Tridge summary

EastFruit analysts have reviewed the latest trade data and they confirm reports of weak exports. In October 2022, Georgia exported $14 million worth of hazelnuts, which is 30% less than in the same month of 2021. Georgia's monthly hazelnut exports, $ million Kernel exports still dominate Georgian hazelnut exports, but this time their share is not as high. Inshell hazelnut buyers from Italy are again active.

Original content

EastFruit analysts have reviewed the latest trade data and they confirm reports of weak exports. In October 2022, Georgia exported $14 million worth of hazelnuts, which is 30% less than in the same month of 2021. Monthly export of hazelnuts from Georgia, $ million The export of the kernel still dominates the export of Georgian hazelnuts, but this time its share is not so large. Inshell hazelnut buyers from Italy are again active. Kernel exports were $9 million, while inshell hazelnut exports jumped to $5 million in October 2022. On an annualized basis, kernel exports were down 40%, while inshell hazelnut exports were up 8% in value. In terms of volumes, kernel volumes are down 27% compared to October 2021, but inshell volumes are up 12%. Key factors remain unchanged. The most significant local problem is the decrease in volumes and quality of products due to adverse weather conditions. Reduced supply usually leads to higher prices, but this is not the case this season as demand ...

Source: Eastfruit