Georgia's hazelnut exports have seen a significant decrease of about 50% due to a combined 30% drop in harvest and a 20% decrease in export prices, primarily due to reduced demand in the European market. Despite these challenges, premium brands continue to use Georgian hazelnuts, with Ferrero significantly increasing its purchases to around 3,000 tons. The total export of hazelnuts from Georgia from January-October 2021 was $90 million, which reduced to $75.3 million in the same period in 2022.