Georgia Milk Production Industry Research

The research analyses 2023 data for three leading milk-producing companies in Georgia across Category II and Category III, one of which has audited financial statements. The combined revenue of the companies reviewed exceeds GEL 30 million, while total assets amount to GEL 111 million. Average return on assets (ROA) was 28%, and average return on equity (ROE) was 182%. The report also reviews milk production and price trends in Georgia: milk production reached 584.3 million litres in 2023, while the farm-gate price of one litre of milk was GEL 1.51. In addition, the study covers milk imports. In 2023, import value amounted to USD 15.176 million and import volume reached 13,934 tonnes. According to the report, no milk exports from Georgia were recorded during the period under review. The publication serves as a historical sector benchmark for assessing the industry’s financial profile, production scale and key market trends.