Exports of Georgian hazelnuts increased compared to the previous season

September was a successful month for Georgian hazelnut exporters due to unusually high demand for inshell hazelnuts from Italy.

Last month, Georgia’s hazelnut exports, including kernels and shelled hazelnuts, totaled $ 24.5 million, a 23% increase over September 2020, which in turn was considered a good year given the recovery from the brown insect invasion. … Total exports per core increased by 22%, from 3.4 million kilograms to 4.2.

This improvement is driven by an unprecedented increase in the export of inshell hazelnuts. Usually, Georgia makes more money on hazelnut kernels than nuts in shell. For example, over the past 3 years, both the value and the volume of kernel exports are about 11 times higher than those in shells.

However, now, without a sharp increase in the export of inshell hazelnuts, or, in other words, if there was no year-on-year growth compared to September 2020, the total value of hazelnut exports in September 2021 would be 1% lower compared to the same period. 2020.

Data source: Ministry of Finance of Georgia

According to Georgian exporters, there is a great demand for inshell hazelnuts from Italy. This is due to the lack of supply in the Italian market, where this year there was no good local harvest. Hazelnuts in shell are intended for the processing sector, so there are no very strict requirements for top quality nuts. Thus, this is a temporary opportunity for Georgian producers. As a result, export prices for inshell hazelnuts increased by 7% compared to September 2020.

Exports of inshell hazelnuts in September 2021 amounted to $ 6.1 million or 2.3 million kilograms. The export value is 400% higher than a year earlier, and the volume increased by 367%.

Data source: Ministry of Finance of Georgia

Interestingly, we are seeing a slight decline in core exports. Both volume and value were down 2% compared to September last year, while export prices were unchanged. This slowdown is due to two factors: the initially delayed harvest due to rains and the expectation of growers for the best time to sell their high quality nuts.

In general, exports in the first two months of the new season are better than in the same period of the previous season. Revenue from all hazelnut exports reached $ 32.7 million, which is 16% more. Again, this is due to a sharp increase in the export of inshell hazelnuts.