Georgia’s apple export market is making headlines in early 2024 with impressive growth in both volume and price, signaling robust demand and a buoyant outlook for local growers and exporters. As of February 28, the Georgian Ministry of Environmental Protection and Agriculture reports that apple exports have soared to 4,100 tonnes, generating approximately USD 3.1 million in revenue. This substantial increase not only underscores the country’s growing foothold in regional fruit markets but also reflects rising confidence among buyers in key destinations such as Russia, Turkey, Belarus, and Armenia. The export boom in February alone saw volumes jump by 54% and values climb an astonishing 86%, adding USD 1.4 million compared with the previous period.
Encouragingly, prices have kept pace with demand, with the average export price for apples advancing 16% year-on-year to reach USD 0.73 per kg, and February prices climbing further to USD 0.76 per kg—up 21% from just last year. Traders and analysts are watching closely, anticipating continued strength if current market dynamics persist and supply chains remain stable. This environment presents both challenges and opportunities for exporters, importers, and market participants as they adapt to evolving trends in the regional apple trade.
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FCA 4.35 €/kg
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Apple dried
Cubes 8-10 mm
FCA 4.25 €/kg
(from NL)
📈 Prices
| Product | Specification | Origin | Delivery (Country) | Price (EUR/kg) | Price Change | Updated |
|---|---|---|---|---|---|---|
| Apple dried | Cubes 10-12 mm | CN | NL | 4.30 | No Change | 2026-03-06 |
| Apple dried | Cubes 5-7 mm | CN | NL | 4.35 | No Change | 2026-03-06 |
| Apple dried | Cubes 8-10 mm | CN | NL | 4.25 | No Change | 2026-03-06 |
- Fresh apple export price (Georgia): USD 0.73/kg (avg), USD 0.76/kg (February), up 16–21% YoY
- Dried apple prices (CN origin, NL delivery): EUR 4.25–4.35/kg (stable on week)
🌍 Supply & Demand
- Export volumes up 54% in February compared to previous period
- Export value leapt by 86% (USD 1.4 million increase)
- Major export markets: Russia (15,083 t), Turkey (665 t), Belarus (150 t), Armenia (110 t)
- Other markets took minor shares, highlighting growing regional distribution
- Rising prices indicate strong demand, especially in key Russian and Turkish markets
📊 Fundamentals
- Average export price: USD 0.73/kg (+16% YoY), with February highs at USD 0.76/kg (+21%)
- Total exported volume: 4,100 t as of February 28
- Export revenue: USD 3.1 million (February 2024)
- Underlying driver: robust regional and Eurasian demand, especially amid limited regional competition and improving quality
| Country | Exported from Georgia (tonnes) |
|---|---|
| Russia | 15,083 |
| Turkey | 665 |
| Belarus | 150 |
| Armenia | 110 |
☁️ Weather Outlook & Production Impact
- Latest reports indicate generally favorable weather conditions in Georgia’s main apple production zones as of March, supporting the robust export performance.
- Weather volatility remains a risk; any adverse change (late frosts, excessive rains) could constrain supply and put further upward pressure on prices.
- No major production disruptions reported to date; growers expect stable marketable supply through spring.
🌏 Global Market Context
- Georgia’s apple exports, though smaller in volume compared to global giants, have achieved strong growth in the regional market, thanks to logistical advantages and increasing quality.
- Rising export prices outpace global average price gains, helping Georgian apples maintain competitiveness.
- Dried apple prices (CN origin, NL market) remain stable and can supplement fresh export activity, meeting demand for value-added products in Europe.
🔎 Market Drivers
- Growing demand from Russia and Turkey is the key export driver for Georgia.
- Improved prices encourage farmers and exporters.
- Stable to positive weather and no reported crop issues provide confidence for continued strong supply.
- Regional competition remains moderate, with Georgian apples finding a niche in quality and freshness.
💡 Trading Outlook & Recommendations
- Bullish bias as long as demand in Russia and Turkey stays firm and prices remain elevated.
- Opportunities: Expanding logistics into secondary markets; diversifying into value-added products (dried apples).
- Risks: Potential weather disruptions; geopolitical changes that may impact cross-border trade.
- Monitor: Upcoming spring weather and competitor harvests in the wider Black Sea and Eurasian regions.
📆 3-Day Regional Price Forecast
| Date | Fresh Apple Export Price (Georgia) (USD/kg) | Dried Apple Price (NL, EUR/kg) | Sentiment |
|---|---|---|---|
| Day 1 | 0.75–0.77 | 4.25–4.35 | Stable-Firm |
| Day 2 | 0.75–0.78 | 4.25–4.35 | Stable |
| Day 3 | 0.76–0.78 | 4.25–4.35 | Slightly Firm |
Market participants should capitalize on firm prices and explore new market channels, while closely observing weather and cross-border developments for risk mitigation.
