Indexes
June 2018 | Agri Review
26
June
2018
There was 2.1% decrease in agricultural production in 2017 compared to the previous year. Production in the plant-growing sector declined by 0.4%, while animal production experienced a decrease of 3.8%. Lower production resulted in lower self-sufficiency ratios for most agricultural products.
Revenue from the sale of agricultural products in 2017 has also decreased compared to the period 2014-2017, both in percentage and absolute terms. Reduced production is the most likely reason for this result.
While revenue from selling agricultural products decreased in 2017, the level of commercialization in the sector has increased. This trend is particularly persistent in animal production, where its share in enterprises increased from 21% to 27%. In-plant growing the share of enterprises in 2017 has increased as well, but there are no increasing trends observed in general, since the share keeps changing its direction from year to year.
As to prices, in the category of food and non-alcoholic beverages, prices decreased by 0.7% on a monthly basis (that is compared to April 2018) and increased by 1.8% on annual basis (that is compared to May 2017).
In May 2018, prices in the group of oil and fats increased by 4.6%, compared to May 2017. The main drivers were butter and spread prices, which went up by 12%. Such an increase in prices might be caused by changes in technical regulations for the dairy sector.
As to the international trade with EU and CIS countries, in 2016, Georgia’s agricultural exports in EU countries increased by 5% compared to the previous year, while during 2017, a 38% decrease was observed compared to 2016. This change is mainly caused by a significant decrease in hazelnut exports. Georgia’s agricultural exports to CIS countries are increasing in the last couple of years. Unlike exports, there are no significant changes in imports from either EU or CIS countries.
Recent Publications
View All
June 2024 | Agri Review
28
June
2024
In June 2024, the National Statistics Office of Georgia issued its annual publication on the agricultural sector – Agriculture of Georgia 2023. The publication estimates that agriculture, forestry, and fishing comprised 6.9% of the GDP in 2023, which is slightly lower than in previous years, but in line with general trends over the last few years (agricultural GDP being 7-8% of GDP on average).
March 2024 | Agri Review
01
April
2024
In June 2023, responding to appeals from the Georgian Flour Producers Association, the Georgian government imposed a temporary import duty on wheat flour imported from Russia. This advocacy by the Association began after Russia implemented a “floating tariff” on wheat in 2021, making wheat imports more expensive compared to wheat flour.
December 2023 | Agri Review
29
December
2023
Citrus production in Georgia is currently experiencing a declining trend, despite the implementation of a tangerine state subsidy program. Under the program, farmers receive 30 instead of 15 tetri for 1 kg of non-standard (low-quality) tangerines.
September 2023 | Agri Review
29
September
2023
Rtveli 2023 commenced this August. Similar to previous years, the Government of Georgia (GoG) is subsidizing the grape harvest again to support farmers who have suffered from worsening climate conditions. Based on information from MEPA representatives, the subsidy's primary aim is to guarantee that even producers with lower-quality grapes can still sell their products.
June 2023 | Agri Review
30
June
2023
In June 2023, the National Statistics Office of Georgia issued its annual publication on the agricultural sector – Agriculture of Georgia 2022. The publication estimates that agriculture, forestry, and fishing comprised 7.5% of the GDP (constant prices) in 2022, which is lower than the 8% share in 2021, but in line with general trends over the last few years (agricultural GDP being 7-8% of GDP on average).
