What is the price of coffee extracts per kilogram/pound in Georgia today?
The retail price range for Georgia coffee extracts is between US$ 13.57 and US$ 24.24 per kilogram or between US$ 6.15 and US$ 10.99 per pound(lb). Click here to see today's exact prices of coffee extracts in Georgia
The retail price range in Lari for coffee extracts is between GEL 34.38 and GEL 61.41 per kilogram or between GEL 15.59 and GEL 27.85 per pound(lb) in Tbilisi and Batumi.
Wholesale prices
In 2024, the approximate wholesale price range for Georgia coffee extracts is between US$ 9.50 and US$ 16.96 per kilogram or between US$ 4.31 and US$ 7.69 per pound(lb).
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Georgia Coffee Extracts Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coffee Extracts from Georgia over the last five years has been quite varied. In 2016, the price was 12.00 US dollars per kg, followed by a sharp increase to 23.67 US dollars per kg in 2017. In 2018, the price dropped to 2.87 US dollars per kg, before rising again to 6.77 US dollars per kg in 2019. The price has remained relatively stable in 2020 and 2021, with 7.13 and 7.11 US dollars per kg respectively. Based on this data, it is likely that the export price per kilogram of Coffee Extracts from Georgia will remain around 7.00 US dollars per kg in 2023 and 2024.The exports of coffee extracts from Georgia are categorised as:
- Preparations with a basis of extracts, essences or concentrates of coffee or with a basis of coffee (HS code 210112)
- Extracts, essences and concentrates, of coffee (HS code 210111)
Georgia Coffee Extracts Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coffee Extracts into Georgia over the last five years has been quite volatile. In 2016, the price was $12.00, which was the highest in the five year period. This was followed by a sharp decline in 2017 to $23.67. In 2018, the price dropped further to $2.87, the lowest in the five year period. In 2019, the price rose to $6.77 and in 2020, it increased further to $7.13. The price remained relatively stable in 2021 at $7.11. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data from the last five years, it is likely that the prices will remain relatively stable in the near future.Export values for Georgia coffee extracts
The total values in export for coffee extracts in Georgia were US$ 12, US$ 71, US$ 129 and US$ 1,151 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 coffee extracts in other countries across Europe: Georgia coffee extracts, Albania coffee extracts, Belarus coffee extracts, Bosnia and Herzegovina coffee extracts, Bulgaria coffee extracts, Croatia coffee extracts, Czech Republic coffee extracts, Estonia coffee extracts, Greece coffee extracts & Hungary coffee extracts.
Georgia coffee extracts - Production, Exports, Imports, Seasons and HS Codes
The amount of coffee extracts shipped by Georgia in 2020 was 425 metric tons. In 2019 Georgia exported 170 tonnes of coffee extracts. Through 2019 alone, the interest in Georgia coffee extracts (processed category) has gone up, flactuating by 277.778 % compared to the year 2018. Between 2017 and 2019, coffee extracts' exports went up by 5566.67 percent netting the exporter US$1.15m for the year 2019. Georgia's coffee extracts exports are classified as:
- Extracts, essences and concentrates, of coffee (HS code 210111)
- Preparations with a basis of extracts, essences or concentrates of coffee or with a basis of coffee (HS code 210112)
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Georgia coffee extracts export values
In 2019, Georgia supplied coffee extracts worth 1.15m USD, a surge of 791.47% from 2018's total coffee extracts export of 0.129m USD. The yearly change in value of Georgia coffee extracts between 2017 to 2018 was 81.69 pc.
The yearly variation in the quantity of Georgia's coffee extracts exports between 2017 and 2019 was 5566.67 per cent in comparison to a variation of 277.778% in the period between 2018 and 2019.
Georgia's stake of the world's total coffee extracts' exports in 2019 was less than 1%. The country is ranked position 85 in world exports of coffee extracts.
Export markets for Georgia coffee extracts ( in '000$ )
Georgia's best performing export markets for coffee extracts are Iran, Israel, Ukraine, Russia and Canada.
Import/Export Trends
Georgia is a net importer of coffee extracts. The annual growth of Georgia coffee extracts in value between 2015 to 2019 was 72%, per annum, while annual growth in quantity during the same period was 87%, per annum.
Georgia bought 3,725 tonnes of coffee extracts in 2019.