The export of natural honey in the 2nd quarter of 2024 has declined by 88% compared to the same period in 2023. According to the Aleko Papava, chairman of the Georgian Beekeepers' Association, a sharp decrease in the product exports was caused by a low export price of honey on the European market as well as the increased demand for acacia honey which harvest was small in Georgia this year.
According to Aleko Papava, at this stage the main supplier of honey to the European market is Eastern European countries, including Hungary. He says that the export price of 1 kg of natural Georgian honey on the European market is 4 euros, the wholesale price on the local market is 12 GEL.
Note: as per Sakstat data, the export of natural honey decreased by $149,720 in the 2nd quarter of 2024 compared to the same period of 2023 and stood at $20,870. In 2023, the export of natural honey totaled $170,590.
Compared to the same period of 2023, natural honey imports doubled in the 2nd quarter and amounted to $9,160 against $4,200 in the same period of 2023.
