Global demand for hazelnuts had been suffering from the consequences of the COVID-19 pandemic and the war in Ukraine but now export volumes from Georgia have increased and surprisingly the prices have also moved up. Meanwhile, the Turkish hazelnut suppliers also cite increased demand.
Georgia exported 1 430 tonnes of hazelnut kernels, 5% more than in January 2023 and the highest volume in the last 7 years. Moreover, export prices have increased from $5.00/kg in January to $5.40/kg in February. Increased export volume given the increased prices suggests that demand is higher.