Georgian wine export growth rates are declining

This is evidenced by the statistics of the National Wine Agency of Georgia.

This is evidenced by the statistics of the National Wine Agency of Georgia.

The volume of export of Georgian wine in January-September this year increased by 13% compared to the same period last year and reached 60 million bottles. Export growth in January-August was 16%, in January-July – 19%, in January-June – 21%, the growth rate in the first five months of the current year reached 27%, in four months – 36%.

Exports of Georgian wine in January-September 2017 increased by 63% compared to the same period last year.

The main importer of Georgian wine remains Russia, which in January-September of this year accounted for almost 62% of all exports of these products from Georgia. Compared to the same period last year, exports from Georgia to our country grew by 11%, while in January-September last year, the growth rate of wine exports to Russia reached 95%. Exports of wine to Ukraine for the nine months of this year increased by 27%, while in January-September 2017 the growth rate was 54%. Exports of Georgian wine to China fell from 5.5 million bottles to 4.8 million bottles.

The decline in growth is also observed in the export of brandy. If in the first nine months of last year, this figure was 89%, then this year the export growth of brandy was 19%.

The export of chacha increased by 96% in January-September of the current year, whereas for the same period last year it grew by 131%.

The total income received from the export and sale abroad of Georgian alcoholic beverages in January-September 2018 reached $ 222.7 million, which is 15% higher than the same period last year. Revenue growth over the same period last year reached 54%.

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