29/06/2022
09:42
Economic
The highest price for the Georgian wine is paid in the USA. According to the American Association of Wine Economists (AAWE), in 2021 the average price of wine exported from Georgia to the United States exceeded $ 6 per liter. The organization notes that the price of the Georgian wine in the US is rising, in contrast to the trend in other major markets.
Wine exports to the US in the first 5 months of 2022 amounted to $ 1.98 million, with an increase of $ 0.21 million compared to the first 5 months of 2021. A total of $ 4.9 million worth of wine was shipped across the ocean in 2021. Compared to the 2010 export prices, the increase is about 56%.
China ranks second in terms of the average price paid for the Georgian wine – with about $ 3.7 per liter. However, in the case of China, the wine prices have fallen. For example, if the average price of 1 liter of the Georgian wine exported to China was about $ 5.3, in 2021 the price is below $ 4.
An average export price of the Georgian wine in major markets by 2021 is as follows:
• US - $ 6.4
• China - $ 3.8
• Ukraine - $ 2.74
• Poland - $ 2.8
• Kazakhstan - $ 3.1
• Belarus - $ 3.05
• Russia - $ 2.8
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One US dollar trades at GEL 2.6711
19/04/2024