U.S. - Pistachios - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRecord Pistachio Harvest in the U.S. Will Rise Up Exports and Stabilize Prices
IndexBox has just published a new report: 'U.S. - Pistachios - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2021, production of pistachios in the U.S. will break previous years' records thanks to large yields and an increase in the bearing average. This will enable an expansion of exports, primarily to the EU and China, and retaining stable prices on the domestic market. Heading into 2022, the U.S. will strengthen its position in the global market as its closest competitor, Iran, faces a lower yield that will cause it to deplete its pistachio reserves.
Key Trends and Insights
The U.S. expects a record harvest of pistachios in 2021. The USDA forecasts that production will grow from 352K to 454K tons of in-shell nuts, which is equivalent to 230K tons of shelled produce. According to the Administrative Committee for Pistachios (ACP), the average yield per acre in 2020 gained by 30% y-o-y, bearing acreage increased by 21.6K acres. A large harvest should keep prices stable on the domestic market.
Exports from the U.S. are expected to rise by 40% in 2021. The EU and China are expected to be the primary markets for American pistachios, despite the cloudy trade relations with the latter. With a global market share of 33%, China will remain the largest importer of pistachios.
The U.S. will continue to hold its position as the global leader in pistachio production with a slight lead over Iran, the second-largest producer. Unlike in the U.S., Iran forecasts a decline in yield in 2021, but the country will retain its level of exports due to supplies from last year's reserves. As Iran depletes its reserves, the U.S. is expected to strengthen its position in the global export market in 2022 and seal its status as the leading global provider.
The increase in demand for pistachios will be mainly driven by the growth in the global population. During the pandemic, retail sales of pistachios have been declining amidst a fall in real income as people rejected expensive and non-essential food. This larger trend is the primary factor hindering growth in the market. As quarantine measures are being gradually lifted, the HoReCa segment will begin to recover, boosting demand in the B2B sector and expanding the pistachio market.
U.S. Pistachio Production
In 2020, production of pistachios in the U.S. was estimated at 352K tons, increasing by 4.9% in 2019. Over the period under review, production posted perceptible growth. Pistachio production peaked at 448K tons in 2018; however, from 2019 to 2020, production remained at a lower figure. Pistachio output in the U.S. indicated a temperate increase, largely conditioned by a pronounced expansion of the harvested area and a perceptible curtailment in yield figures. In value terms, pistachio production expanded notably to $2.9B in 2020.
U.S. Pistachio Exports
In 2020, overseas shipments of pistachios decreased by -22.7% to 178K tons for the first time since 2015, thus ending a four-year rising trend. In value terms, pistachio exports shrank dramatically to $1.5B in 2020. In general, exports, however, recorded a prominent increase over the last decade.
China (46K tons), Germany (25K tons) and Belgium (22K tons) were the main destinations of pistachio exports from the U.S., together comprising 52% of total exports. These countries were followed by Hong Kong SAR, Spain, Vietnam, Saudi Arabia, the Netherlands, Italy, the UK, France and Israel, which together accounted for a further 33%.
The average pistachio export price in the U.S. stood at $8,325 per ton in 2020, with an increase of 3% against the previous year. Over the last eight-year period, it increased at an average annual rate of +2.6%. Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were Spain ($9,350 per ton) and Italy ($9,279 per ton), while the average prices for exports to Vietnam ($7,267 per ton) and China ($7,615 per ton) were amongst the lowest.
This report provides an in-depth analysis of the pistachio market in the U.S.. 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 2030.
Product coverage:
- FCL 223 - Pistachios
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
