What is the price of maize (corn) oil per kilogram/pound in Georgia today?
The retail price range for Georgia maize (corn) oil is between US$ 2.47 and US$ 3.46 per kilogram or between US$ 1.12 and US$ 1.57 per pound(lb). Click here to see today's exact prices of maize (corn) oil in Georgia
The retail price range in Lari for maize (corn) oil is between GEL 6.27 and GEL 8.78 per kilogram or between GEL 2.84 and GEL 3.98 per pound(lb) in Tbilisi and Batumi.
Wholesale prices
In 2024, the approximate wholesale price range for Georgia maize (corn) oil is between US$ 1.73 and US$ 2.43 per kilogram or between US$ 0.79 and US$ 1.10 per pound(lb).
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Georgia Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from Georgia has seen a steady increase over the last five years. In 2014, the price was 1.88 US $ per kg, and in 2018 it was 1.81 US $ per kg. The price then rose to 1.9 US $ per kg in 2019, before dropping to 1.0 US $ per kg in 2020. The price then rose again to 2.0 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Maize (Corn) Oil from Georgia will be 2.0 US $ per kg in 2023 and 2024.The maize (corn) oil exports from Georgia are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
Georgia Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into Georgia over the last five years has been relatively stable. In 2014, the price was 1.88 US dollars per kg, and in 2015 it decreased slightly to 1.80 US dollars per kg. In 2016, the price increased to 2.00 US dollars per kg, and then decreased again in 2017 to 1.76 US dollars per kg. In 2018, the price rose slightly to 1.81 US dollars per kg, and then increased again in 2019 to 1.90 US dollars per kg. The most recent data from 2020 shows a decrease to 1.00 US dollars per kg. Looking ahead, it is likely that the price of Maize (Corn) Oil will remain relatively stable in the next two years, with an estimated price of 2.00 US dollars per kg in 2021 and an estimated price of 2.00 US dollars per kg in 2022.Export values for Georgia maize (corn) oil
The total values in export for maize (corn) oil in Georgia were US$ 2, US$ 95, US$ 376 and US$ 339 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 maize (corn) oil in other countries across Europe: Georgia maize (corn) oil, Albania maize (corn) oil, Belarus maize (corn) oil, Bosnia and Herzegovina maize (corn) oil, Bulgaria maize (corn) oil, Croatia maize (corn) oil, Czech Republic maize (corn) oil, Estonia maize (corn) oil, Greece maize (corn) oil & Hungary maize (corn) oil.
Georgia maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of maize (corn) oil sold by Georgia in 2020 was 1 metric tonnes. In 2019 Georgia shipped 178 tonnes of maize (corn) oil. For 2019 alone, the market for Georgia maize (corn) oil (processed category) has reduced, recording a change of -14.423 pc compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports increased by 229.63% netting the nation US$0.34m for the year 2019. Georgia's maize (corn) oil exports are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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Georgia maize (corn) oil export values
In 2019, Georgia exported maize (corn) oil costing 0.34m USD, a contraction of -9.57% from 2018's total maize (corn) oil export of 0.376m USD. The yearly change in value of Georgia maize (corn) oil between 2017 to 2018 was 295.789 per cent.
The annual variation in the amount of Georgia's maize (corn) oil exports between 2017 and 2019 was 229.63 per cent compared to a variation of -14.423% in the period between 2018 and 2019.
Export markets for Georgia maize (corn) oil ( in '000$ )
Georgia's top export markets for maize (corn) oil are Azerbaijan and Armenia.
Georgia bought 1,781 tonnes of maize (corn) oil in 2019.