According to sectoral research conducted by Galt & Taggart, the total revenue of Georgia’s construction and repair materials market is expected to reach USD 5.7 billion in 2024, reflecting a 19.2% increase compared to 2020.
As the report outlines, 36.8% of total revenue, or USD 2.1 billion, comes from construction materials such as cement, concrete, asphalt, rebar, and related products.
The remaining USD 3.6 billion is attributed to the home improvement segment. Of this:
- USD 2.5 billion is generated from repair materials including pipes, windows and doors, cables, ceramic tiles, and more.
- USD 600 million comes from household appliances.
- USD 500 million is earned from furniture and lighting.
According to the report, the sector’s stable growth between 2020 and 2024 was driven by two key factors: rising prices and growing demand. These were further supported by several important trends:
- Increased government spending on infrastructure
- A record number of building permits
- Post-pandemic recovery in the real estate market
The study also highlights a structural difference in the supply chain. While the majority of construction materials are locally produced, repair materials are mostly imported, which exposes the segment to price volatility linked to global market conditions.
