Production and export of Georgian hazelnuts decreased this season

Published 2022년 12월 9일

Tridge summary

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

Original content

Hazelnut exports from Georgia have decreased by about 50%, Merab Chitanava, Executive Director of the Georgian Hazelnut Producers Association, said. In addition, in general, the harvest also decreased by 30%, while export prices decreased by 20%. “Our harvest is 30% less than last year. The quality was also low due to the rains, but that was not the only reason for the 50% drop in exports. The main factor is a sharp decline in demand in the European market. This also affected exports from Azerbaijan and Turkey. Compared to last year, the export price of Georgian hazelnuts has decreased by about 20%,” Merab Chitanava said. According to him, despite the crop failure this year, premium world brands still use Georgian walnut in their production, Business Georgia reports. See also: Georgian walnut growers plan to increase hazelnut production to 100,000 tons by 2025 (video) “Ferrero has also bought a significant amount of hazelnuts from Georgia this year. This is an indication that, ...
Source: Eastfruit

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