What is the price of coconut oil per kilogram/pound in Georgia today?
The retail price range for Georgia coconut oil is between US$ 6.65 and US$ 24.72 per kilogram or between US$ 3.02 and US$ 11.21 per pound(lb). Click here to see today's exact prices of coconut oil in Georgia
The retail price range in Lari for coconut oil is between GEL 16.85 and GEL 62.64 per kilogram or between GEL 7.64 and GEL 28.41 per pound(lb) in Tbilisi and Batumi.
Wholesale prices
In 2024, the approximate wholesale price range for Georgia coconut oil is between US$ 4.65 and US$ 17.30 per kilogram or between US$ 2.11 and US$ 7.85 per pound(lb).
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Georgia Coconut Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coconut oil from Georgia has seen a steady decline over the last five years. In 2012, the price was 2.00 US $ per kg, and by 2021, it had dropped to 2.21 US $ per kg. The lowest price was recorded in 2019, when it was 1.25 US $ per kg. The price then increased to 1.41 US $ per kg in 2020, before rising again to 2.21 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Coconut oil from Georgia will be 1.99 US $ per kg in 2023 and 1.77 US $ per kg in 2024.The exports of coconut oil from Georgia are categorised as:
- Crude coconut oil (HS code 151311)
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
Georgia Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Georgia over the last five years has been quite volatile. In 2016, the price was $1.65, which increased to $2.23 in 2017. However, the price dropped to $1.72 in 2018 and further decreased to $1.25 in 2019. The price then increased to $1.41 in 2020 and further rose to $2.21 in 2021. Looking ahead, it is likely that the import price per kilogram of Coconut oil into Georgia will remain around the $2.21 mark in 2023 and 2024.Export values for Georgia coconut oil
The total values in export for coconut oil in Georgia were US$ 122, US$ 279, US$ 194 and US$ 309 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Georgia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of coconut oil in other countries across Europe: Georgia coconut oil, Albania coconut oil, Belarus coconut oil, Bosnia and Herzegovina coconut oil, Bulgaria coconut oil, Croatia coconut oil, Czech Republic coconut oil, Estonia coconut oil, Greece coconut oil & Hungary coconut oil.
Georgia coconut oil - Production, Exports, Imports, Seasons and HS Codes
The amount of coconut oil sold by Georgia in 2020 was 113 tons. In 2019 Georgia sold 247 tonnes of coconut oil. Across 2019 alone, the market for Georgia coconut oil (processed category) has escalated, changing by 118.584 % compared to the year 2018. Between 2017 and 2019, coconut oil's exports increased by 97.6 pc bringing Georgia US$0.31m for the year 2019. Georgia's coconut oil exports are classified as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Georgia coconut oil export values
In 2019, Georgia exported coconut oil worth 0.31m USD, an increase of 59.79% from 2018's total coconut oil export of 0.194m USD. The annual change in value of Georgia coconut oil between 2017 to 2018 was -30.466 per cent.
The yearly variation in the quantity of Georgia's coconut oil exports between 2017 and 2019 was 97.6% when compared to a variation of 118.584% in the growth rate between 2018 and 2019.
Export markets for Georgia coconut oil ( in '000$ )
Georgia's leading destinations for coconut oil are Azerbaijan, Armenia, Russia and Czech Republic.
Georgia imported 798 tonnes of coconut oil in 2019.