What is the price of cottonseed oil per kilogram/pound in Georgia today?
The retail price range for Georgia cottonseed oil is between US$ 6.20 and US$ 12.40 per kilogram or between US$ 2.81 and US$ 5.62 per pound(lb). Click here to see today's exact prices of cottonseed oil in Georgia
The retail price range in Lari for cottonseed oil is between GEL 15.71 and GEL 31.42 per kilogram or between GEL 7.13 and GEL 14.25 per pound(lb) in Tbilisi and Batumi.
Wholesale prices
In 2024, the approximate wholesale price range for Georgia cottonseed oil is between US$ 4.34 and US$ 8.68 per kilogram or between US$ 1.97 and US$ 3.94 per pound(lb).
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Georgia Cottonseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of cottonseed oil from Georgia has seen a steady decline over the last five years. In 2014, the price was 1.50 US dollars per kg, and by 2021, it had dropped to 1.87 US dollars per kg. However, the last three years have seen a more significant decrease, with the price dropping from 1.19 US dollars per kg in 2017 to 1.02 US dollars per kg in 2019. The price then rose slightly to 1.10 US dollars per kg in 2020. Based on this trend, it is predicted that the export price per kilogram of cottonseed oil from Georgia will be 1.05 US dollars in 2023 and 1.00 US dollars in 2024.The exports of cottonseed oil from Georgia are classified as:
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
Georgia Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of cottonseed oil into Georgia over the last five years has been relatively stable. In 2014, the price was $1.50, and in 2017, 2018, and 2019, the price was $1.19, $1.19, and $1.02 respectively. In 2020, the price increased slightly to $1.10, and in 2021, the price jumped to $1.87. Based on this data, it is likely that the import price per kilogram of cottonseed oil into Georgia will remain relatively stable in the next two years, with a slight increase in 2023 to $1.90 and a further increase in 2024 to $2.00.Export values for Georgia cottonseed oil
The total values in export for cottonseed oil in Georgia were US$ 6, US$ 68, US$ 160 and US$ 301 in US dollar thousand for the years 2014, 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 cottonseed oil in other countries across Europe: Georgia cottonseed oil, Albania cottonseed oil, Belarus cottonseed oil, Bosnia and Herzegovina cottonseed oil, Bulgaria cottonseed oil, Croatia cottonseed oil, Czech Republic cottonseed oil, Estonia cottonseed oil, Greece cottonseed oil & Hungary cottonseed oil.
Georgia cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
The volume of cottonseed oil exported by Georgia in 2020 was 128 tonnes. In 2019 Georgia sold 296 tonnes of cottonseed oil. For the year 2019 alone, the interest in Georgia cottonseed oil (processed category) has surged, changing by 119.259 per cent compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports increased by 419.3 pc bringing Georgia US$0.30m for the year 2019. Georgia's cottonseed oil exports are classified as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Crude cotton-seed oil (HS code 151221)
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Georgia cottonseed oil export values
In 2019, Georgia supplied cottonseed oil costing 0.30m USD, an improvement of 87.50% from 2018's total cottonseed oil export of 0.16m USD. The yearly change in value of Georgia cottonseed oil between 2017 to 2018 was 135.294 percent.
The yearly change in the quantity of Georgia's cottonseed oil exports between 2017 and 2019 was 419.3 per cent when compared to a variation of 119.259% in the growth rate between 2018 and 2019.
Export markets for Georgia cottonseed oil ( in '000$ )
Georgia's best performing destinations for cottonseed oil are Azerbaijan.
Georgia brought in 43,216 tonnes of cottonseed oil in 2019.