U.S. - Pistachios - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPistachio Price in the United States - 2023
Contents:
- Pistachio Price in the United States (FOB) - 2023
- Pistachio Price in the United States (CIF) - 2022
- Pistachio Exports in the United States
- Pistachio Imports in the United States
Pistachio Price in the United States (FOB) - 2023
The average pistachio export price stood at $7,511 per ton in September 2023, waning by -4.3% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 5.5% m-o-m. As a result, the export price attained the peak level of $7,852 per ton, and then contracted modestly in the following month.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Italy ($9,473 per ton), while the average price for exports to Hong Kong SAR ($5,464 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Pistachio Price in the United States (CIF) - 2022
The average pistachio import price stood at $13,048 per ton in 2022, jumping by 18% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pistachio import price increased by +50.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 96%. Over the period under review, average import prices attained the peak figure at $17,117 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($43,974 per ton), while the price for Vietnam ($4,531 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pistachio Exports in the United States
In 2022, approx. 239K tons of pistachios were exported from the United States; increasing by 8.3% on 2021 figures. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, pistachio exports expanded slightly to $1.8B in 2022. Over the period under review, exports, however, recorded a slight decline. The growth pace was the most rapid in 2021 when exports increased by 18%.
Export of Pistachio in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 321 | 350 | 461 | 259 | -6.9% |
Germany | 201 | 224 | 260 | 225 | 3.8% |
Belgium | 112 | 166 | 143 | 184 | 18.0% |
Turkey | 55.4 | 11.6 | 28.8 | 147 | 38.4% |
Vietnam | 34.5 | 49.0 | 71.4 | 95.1 | 40.2% |
Spain | 98.5 | 99.0 | 104 | 91.6 | -2.4% |
India | 63.1 | 19.5 | 30.8 | 88.6 | 12.0% |
Hong Kong SAR | 438 | 139 | 143 | 86.0 | -41.9% |
Saudi Arabia | 42.6 | 46.4 | 43.6 | 70.9 | 18.5% |
United Arab Emirates | 42.6 | 19.9 | 20.1 | 63.7 | 14.4% |
Italy | 52.2 | 36.0 | 46.8 | 52.1 | -0.1% |
Netherlands | 56.9 | 41.4 | 45.6 | 49.4 | -4.6% |
United Kingdom | 36.5 | 33.8 | 39.5 | 39.0 | 2.2% |
Others | 303 | 244 | 312 | 345 | 4.4% |
Total | 1,857 | 1,479 | 1,750 | 1,798 | -1.1% |
Top Export Markets for Pistachio from the United States in 2022:
- China (35.7K tons)
- Belgium (29.2K tons)
- Germany (28.6K tons)
- Turkey (22.1K tons)
- Vietnam (12.7K tons)
- Hong Kong SAR (11.8K tons)
- India (11.6K tons)
- Spain (11.3K tons)
- United Arab Emirates (9.1K tons)
- Saudi Arabia (8.7K tons)
- Italy (6.3K tons)
- Netherlands (5.8K tons)
- United Kingdom (4.8K tons)
Pistachio Imports in the United States
In 2022, supplies from abroad of pistachios decreased by -36.8% to 472 tons, falling for the second year in a row after two years of growth. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of 364%. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, pistachio imports dropped markedly to $6.2M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 136% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Pistachio in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 2.8 | 2.0 | 4.4 | 4.5 | 17.1% |
Italy | 3.1 | 0.1 | 0.2 | 0.5 | -45.6% |
Vietnam | N/A | 11.7 | 2.8 | 0.4 | -81.5% |
Spain | N/A | N/A | 0.3 | 0.4 | 33.3% |
Mexico | N/A | N/A | 0.2 | 0.2 | 0.0% |
Afghanistan | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
Greece | N/A | 0.1 | N/A | 0.1 | 0.0% |
Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
Total | 6.1 | 14.3 | 8.3 | 6.2 | 0.5% |
Top Suppliers of Pistachio to the United States in 2022:
- Turkey (311.7 tons)
- Vietnam (82.9 tons)
- Spain (25.8 tons)
- Afghanistan (14.2 tons)
- Mexico (13.4 tons)
- Italy (10.5 tons)
- Greece (9.6 tons)
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
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In December 2022, the pistachio price stood at $7,586 per ton (FOB, US), increasing by 2.2% against the previous month.
In August 2022, the pistachio price per ton stood at $7.5K (FOB, US), increasing by 6.9% against the previous month.
The pistachio price per ton stood at $7,352 (FOB, US) in May 2022, falling by -3.1% against the previous month.
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.
Export of nuts, in terms of value, decreased to $221M in July 2023.
In August 2022, the almond price per ton amounted to $4,103, declining by -6.3% against the previous month.
In May 2022, the almond price per ton amounted to $4,036 (FOB, US), surging by 4.7% against the previous month.
U.S. almond exports hit a record high of approx. $1.1B in 2020, which was equal to 296K tons. An increase in harvested area, especially in California, led to a higher almond output that enabled to propel exports. India became the main importer of American almonds, accounting for 74% of the total export volume.
Export volumes of Shelled Walnuts reached a peak of 154K tons in 2022, but experienced a decline the next year. In terms of value, exports significantly decreased to $625M in 2023.
In Feb 2023, shelled walnut prices were $4,260/ton (FOB, US), a -1.7% change compared to the previous month.