Revenues of logistics companies operating in Georgia

2024-11-24

Shota Tkeshelashvili

Transport and logistics is becoming an increasingly growing sector of the Georgian economy. During 2021, the total income of companies engaged in this activity reached 7 billion GEL, which is 1.2 billion GEL more than the previous year.

According to official data, this field employed more than 62 thousand people in the country, and their total remuneration exceeded 1 billion GEL.

Among the companies engaged in the provision of transport services, the largest is "Georgian Railways", whose income in 2021 has increased to 548 million GEL. After several years of losses, in 2021, the railway made a net profit of 53 million GEL. In total, the railway employs more than 12,000 people.

The second largest player in the field of logistics is Poti port operator APM Terminals, whose revenue in 2021 was 187 million GEL, and the net profit exceeded 83 million GEL.

The largest Georgian logistics company is the Pace Group, which manages several berths in the Port of Poti. The company mainly provides services for incoming transit cargoes from Central Asia. According to the financial report, in 2021 the income of the Pace group reached 116 million GEL.

Another large company engaged in the provision of logistics services is the international container line MSC, which in 2021 had an income of 86 million GEL in Georgia.

The graph shows the turnover of Georgia's logistics sector in 2011-2021

 

Source: forbes.ge