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Iran is the Main Export Market for Georgian Chocolate Confectionery

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Madona Gasanova
12.03.21 23:00
1048
Georgia has exported chocolate confectioneries to 14 foreign countries during 2020. The export value was US$ 1, 247, 800, down from US$ 1, 483, 200 from the prior year. With US$ 523 300, Iran was the main export market for Georgian chocolate confectionery producers. 
 
According to the National Statistics Office of Georgia, export (local export only) of chocolate confectioneries from Georgia was 331 tons in 2020, down from 460.8 tons from the previous year. 

In 2020, the top three export markets for Georgian chocolate confectionery producers were: Iran - US$ 523 300, 113 tons, Estonia - US$ 143 000, 29.2 tons and Saudi Arabia – US$ 136 500, 44.3 tons. 

The share of export to Singapore was only 17.8 tons, worth US$ 70, 000 last year, while the country was the top export destination in 2019 when 76.7 tons of chocolate confectioneries, worth US$ 335 500 were exported from Georgia. With US$ 320 100, or 90.9 tons, Iran was the second top export market and Estonia was the third, with US$ 180 100, or 36.7 tons. 

Pursuant to the World’s Top Exports, global sales from chocolate exports by country totaled US$29.2 billion in 2019. The overall value of chocolate exports rose by an average 13.9% for all exporting countries since 2015 when chocolate shipments were valued at $25.6 billion. Year over year, the value of exported chocolate decreased by -0.4% from 2018 to 2019.

Among continents, European countries exported the highest dollar worth of chocolate during 2019 with shipments amounting to $21.7 billion or roughly three-quarters (74.3%) of overall international chocolate sales. This compares with 13.4% from North America, 8.9% from Asia, 1.2% from Latin America excluding Mexico but including the Caribbean, another 1.2% from chocolate exporters in Africa, and 0.9% from suppliers in Oceania led by Australia and New Zealand.

15 countries that exported the highest dollar value worth of chocolate during 2019 were Germany: US$4.9 billion (16.9% of total chocolate exports), Belgium: $3.2 billion (10.9%), Italy: $2.1 billion (7.3%), Netherlands: $2 billion (7%), Poland: $1.8 billion (6.3%), United States: $1.7 billion (5.7%), Canada: $1.6 billion (5.5%), France: $1.2 billion (4.2%), United Kingdom: $961.7 million (3.3%), Switzerland: $835.8 million (2.9%), Russia: $715.3 million (2.5%), Mexico: $653.4 million (2.2%), Turkey: $550.3 million (1.9%), Spain: $529.5 million (1.8%) and Singapore: $487.4 million (1.7%).
By value, the listed 15 countries shipped 80% of global chocolate exported in 2019.