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World - Pistachios - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Article Publishing Date: Sep 30, 2020

The Pandemic Undermines Robust Growth of the Global Pistachio Market

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IndexBox has just published a new report: 'World - Pistachios - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global pistachio market expanded slightly to $10.6B in 2019, growing by 4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed resilient growth, driven by both the increases in prices and in the volume of consumption in physical terms. 

Pistachios are a well-known product in the Middle East and in the U.S. where they are largely grown. Being imported, the product is also widely consumed worldwide.  Thus, the countries with the highest volumes of pistachio consumption in 2019 were Iran (490K tonnes), Turkey (263K tonnes) and the U.S. (255K tonnes), with a combined 67% share of global consumption.

From 2013 to 2019, the biggest increases were in Iran, while pistachio consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest pistachio markets worldwide were Iran ($3.7B), the U.S. ($2B) and Turkey ($1.6B), with a combined 69% share (IndexBox estimates) of the global market. 

The countries with the highest levels of pistachio per capita consumption in 2019 were Iran (5.90 kg per person), Turkey (3.18 kg per person) and Hong Kong SAR (3.12 kg per person).

Like other nuts, pistachios are consumed primarily as a snack. In addition, thanks to its distinctive taste, flavor and color, those nuts are widely used in pistachio-flavored products, in a bid to benefit on flavor. The changing consumer lifestyle, rapid urbanization and increasing disposable incomes promote the demand for on-the-go healthy convenience foods and snacks which includes pistachios. Moreover, the nuts also are recognized by vegan and highly health-conscious consumers.

Accordingly, population growth remains a fundamental market driver, combined with increases in disposable income, which in turn will contribute to enhanced consumer spending. Increasing preference for healthy food and rising health awareness is also supporting the pistachio market growth.

Until 2020, the global economy has been developing steadily for five years, which created a favorable environment for the pistachio market growth. In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity, which undermined economic growth heavily throughout the world. 

In the context of falling incomes, consumers primarily tend to exclude non-staple goods from purchases, which include pistachios. Thus, a sharp drop in household incomes is a powerful factor that will restrain the pistachios market in the medium term. In addition, the closure of the HoReCa sector limits the growth in the consumption of pistachios as ingredients for various foods and snacks.

In the countries of the Middle East, where pistachios are locally available and are staple food products, the impact of the crisis on domestic demand should be less significant. At the same time, the pistachios industry in large producing countries (the U.S., Iran, Turkey) is largely export-oriented, therefore, a decrease in demand in non-producing countries can hurt local producers. 

Given the above-mentioned prerequisites, the global pistachio market is expected to contract somewhat in 2020 and then to begin a slow growth on the backdrop of a gradual recovery of the global economy from the pandemic. In the medium term, the market is expected to grow modestly, with an anticipated CAGR of +1.1% for the period from 2019 to 2030, which is projected to bring the market volume to 1.7M tonnes by the end of 2030.

Production

In 2019, approx. 1.5M tonnes of pistachios were produced worldwide; growing by 8.1% compared with 2018. Over the period under review, the total production indicated a prominent expansion from 2013 to 2019: its volume increased at an average annual rate of +13.8% over the last six-year period. The generally positive trend in terms of pistachio output was largely conditioned by the strong growth of the harvested area and a buoyant expansion in yield figures.

The countries with the highest volumes of pistachio production in 2019 were Iran (571K tonnes), the U.S. (484K tonnes) and Turkey (267K tonnes), together accounting for 88% of global production.

Harvested Area and Yield

In 2019, the global harvested area of pistachios rose rapidly to 804K ha, increasing by 6.6% against 2018 figures. The harvested area increased at an average annual rate of +5.7% over the period from 2013 to 2019. In 2019, the global average pistachio yield amounted to 1.9 tonnes per ha, stabilizing at the previous year's figure. Over the period under review, the yield indicated resilient growth from 2013 to 2019: its figure increased at an average annual rate of +7.7% over the last six-year period.

Imports

In 2019, approx. 439K tonnes of pistachios were imported worldwide; surging by 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.2% over the period from 2013 to 2019. In value terms, pistachio imports rose significantly to $3.4B (IndexBox estimates) in 2019. 

Imports by Country

In 2019, China (113K tonnes), distantly followed by Hong Kong SAR (65K tonnes), Germany (45K tonnes) and India (23K tonnes) were the largest importers of pistachios, together constituting 56% of total imports. Italy (18K tonnes), Belgium (15K tonnes), Spain (15K tonnes), Russia (10K tonnes), Saudi Arabia (10K tonnes), Israel (9.8K tonnes), Luxembourg (8.5K tonnes) and France (8.3K tonnes) occupied a little share of total imports.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest pistachio importing markets worldwide were China ($809M), Hong Kong SAR ($496M) and Germany ($436M), with a combined 51% share of global imports.

Import Prices by Country

In 2019, the average pistachio import price amounted to $7,794 per tonne, falling by -2.4% against the previous year. Global import price peaked at $8,208 per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Italy ($10,948 per tonne), while Israel ($4,799 per tonne) was amongst the lowest.

Source: IndexBox Platform

Product coverage:
• FCL 223 - Pistachios

This report provides an in-depth analysis of the global pistachio market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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