What is the price of malt extract per kilogram/pound in Georgia today?
The retail price range for Georgia malt extract is between US$ 5.68 and US$ 6.86 per kilogram or between US$ 2.58 and US$ 3.11 per pound(lb). Click here to see today's exact prices of malt extract in Georgia
The retail price range in Lari for malt extract is between GEL 14.39 and GEL 17.39 per kilogram or between GEL 6.53 and GEL 7.89 per pound(lb) in Tbilisi and Batumi.
Wholesale prices
In 2024, the approximate wholesale price range for Georgia malt extract is between US$ 3.98 and US$ 4.81 per kilogram or between US$ 1.80 and US$ 2.18 per pound(lb).
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Georgia Malt Extract Export Prices - Historical, Trends and Prediction
The export price per kilogram of Malt Extract from Georgia has seen a steady decline over the last five years. In 2012, the price was 3.00 US$ per kg, but by 2020, it had dropped to 2.00 US$ per kg. The lowest price was recorded in 2015, when it was 1.35 US$ per kg. Since then, the price has fluctuated, reaching a peak of 3.33 US$ per kg in 2017. Based on this data, it is likely that the export price per kilogram of Malt Extract from Georgia will remain around the 2.00 US$ mark in 2023 and 2024.The malt extract exports from Georgia are classified as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
Georgia Malt Extract Import Prices - Historical, Trends and Prediction
The import price per kilogram of Malt Extract into Georgia has seen a steady decline over the past five years. In 2012, the price was $3.00, and by 2020, it had dropped to $2.00. This represents a 33.3% decrease in price. The lowest price was recorded in 2019, when the price was $1.68. This was a 44.4% decrease from the 2012 price. Looking ahead, it is likely that the price of Malt Extract will remain relatively stable, with a slight increase in the next few years. We can predict that the price of Malt Extract in 2023 will be around $2.20, and in 2024, it will be around $2.40.Export values for Georgia malt extract
The total values in export for malt extract in Georgia were US$ 99, US$ 20, US$ 486 and US$ 84 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 malt extract in other countries across Europe: Georgia malt extract, Albania malt extract, Belarus malt extract, Bosnia and Herzegovina malt extract, Bulgaria malt extract, Croatia malt extract, Czech Republic malt extract, Estonia malt extract, Greece malt extract & Hungary malt extract.
Georgia malt extract - Production, Exports, Imports, Seasons and HS Codes
The volume of malt extract sold by Georgia in 2020 was 1 tonnes. In 2019 Georgia exported 50 tonnes of malt extract. Through 2019 alone, the interest in Georgia malt extract (processed category) has gone down, recording a change of -72.222 percent compared to the year 2018. Between 2017 and 2019, malt extract's exports went up by 733.33 pc bringing Georgia US$0.08m for the year 2019. Georgia's malt extract exports are categorised as:
- Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s. and food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir or similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s. (excluding for infant use, put up for retail sale, and mixes and doughs for the preparation of bakers' wares of heading 1905) (HS code 190190)
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Georgia malt extract export values
In 2019, Georgia shipped malt extract costing 0.08m USD, a decrease of -83.54% from 2018's total malt extract export of 0.486m USD. The yearly reduction in value of Georgia malt extract between 2017 to 2018 was 2330 per cent.
The annual/yearly change in the amount of Georgia's malt extract exports between 2017 and 2019 was 733.33% in comparison to a variation of -72.222% in the period between 2018 and 2019.
Export markets for Georgia malt extract ( in '000$ )
Georgia's best performing destinations for malt extract are Turkmenistan, Russia, Azerbaijan, Ukraine and Czech Republic.
Georgia purchased 4,517 tonnes of malt extract in 2019.