Meat products manufacturing and trade represent an important segment of the food sector. AGIC’s research is based on 2018 financial statements and covers 25 market-leading companies classified within the second and third size categories, nine of which had audited financial statements. The study also reviews meat production and foreign trade data.
The manufacturers and traders covered by the study generated aggregate turnover exceeding GEL 450 million, with total assets of GEL 166 million and aggregate profit before tax of GEL 24 million. For meat manufacturing companies, average return on assets (ROA) was 13% and return on equity (ROE) was 16%. The report also presents sector liquidity, efficiency and solvency ratios.
According to the market overview, meat production in Georgia reached 72.6 thousand tonnes in 2018. Reporting Portal data indicated 12 meat-producing and 13 trading companies in the reviewed market that year. International trade statistics show that meat-product imports amounted to USD 101.34 million in 2018 and increased to USD 119.398 million in 2019. As the publication is based on historical data, it should be treated as a historical industry benchmark.