Exports of nitrogen fertilizers from Georgia have grown steadily this year. According to Geostat, in the first nine months of 2025, the country exported 299,047 tons of nitrogen fertilizers worth USD 90.5 million. The rise in export value was largely driven by higher fertilizer prices - the average export price reached USD 302 per ton, up from USD 270 a year earlier.
For comparison, in 2022, Georgia recorded its strongest fertilizer exports in the past four years, shipping 332,000 tons valued at USD 207 million, when global prices averaged USD 623 per ton.
Levan Burdiladze, Director of Indorama Caucasus, which owns Rustavi Azot, said that while current international prices remain relatively low, the company is maintaining stable operations and investing in long-term capital projects.
“The international market price of ammonium nitrate is slightly above USD 300, which allows us to operate without interruptions. However, it only covers our operating costs; there’s little room for reinvestment. Still, Indorama Group continues to invest in modernization projects,” Burdiladze noted.
He explained that Georgian products face tough competition from Russian manufacturers, who benefit from significantly lower natural gas prices and therefore lower production costs.
“Since there’s no fertilizer season in the EU during part of the year, we focus on markets in Brazil and Central American countries - and some African markets. Competing with Russian producers is challenging, but the trade privileges Georgia enjoys with the EU give us a substantial advantage and have helped ensure the enterprise’s continuous operation,” Burdiladze said.
Rustavi Azot is currently implementing several new projects, including the launch of porous concrete production in 2026 with EBRD co-financing, the installation of a 2 MW steam turbine, and the development of a 24 MW solar power plant to support energy efficiency and sustainability.
