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Feeble start to Georgian hazelnut export season

Export volume of Georgian hazelnut kernels, one of the major exporting products of the country, has reduced in half compared to the August 2021. Prices are also on low levels. This August, Georgian hazelnut kernel exports amounted to only 50,000 tons, which is the lowest volume for August in at least last 9 years.

Export prices have fallen to one of the lowest levels: since 2014, more than 75% of all monthly average export prices are higher than the current average of $4.70/kg. This price is also the lowest price for August. Top 3 export destinations at the start of the new season were Germany, Armenia and Russia.

The burst of exports of in-shell hazelnuts, which was observed in the previous season, did not continue this time. Last season, there was a strong demand from Italy, which was correctly assumed to be a one-time occurrence, which would not turn into a trend.


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