Back in 2015 Georgian sheep market got into the spotlight due to the increased demand for sheep from Arabic countries. Prior to 2015, Azerbaijan was the most important export destination for live sheep, while in 2015, in addition to Azerbaijan, Georgian sheep was exported to United Arab Emirates, Jordan, Lebanon and Saudi Arabia. Current trends in the trade data show, that exports of live sheep decrease, while exports of sheep meat increase, which is the sign of sheep market development and increased potential for higher value added in the sheep value chain. On a monthly basis, the price level in the country stayed relatively steady; the Consumer Price Index (CPI) in September 2018 slightly increased by 0.3% compared to August 2018. Month-on-month prices almost did not change in the category of food and non-alcoholic beverages (-0.1%). From an annual perspective (September 2018 vs. September 2017), CPI experienced a 2.7% increase. Compared to September 2017, the prices of food and non-alcoholic beverages increased by 1.8%, contributing 0.55 percentage points to the annual inflation rate.
Source: ISET
