Philippines: Pistachio Market Overview 2021

Pistachio Market Size in the Philippines

The Philippine pistachio market reduced sharply to $X in 2019, falling by -X% 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, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Pistachio consumption peaked at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Pistachio Exports

Exports from the Philippines

In 2019, the amount of pistachios exported from the Philippines rose rapidly to X kg, with an increase of X% compared with 2018. Overall, exports, however, recorded a sharp decline. Over the period under review, exports reached the peak figure at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, pistachio exports declined remarkably to $X in 2019. Over the period under review, exports, however, continue to indicate a significant curtailment. Exports peaked at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X kg) and the Netherlands (X kg) were the main destinations of pistachio exports from the Philippines.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala.

In value terms, Guatemala ($X) and the Netherlands ($X) constituted the largest markets for pistachio exported from the Philippines worldwide, with a combined X% share of total exports.

Among the main countries of destination, Guatemala recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2019, the average pistachio export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was Guatemala ($X per tonne), while the average price for exports to the Netherlands amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala.

Pistachio Imports

Imports into the Philippines

In 2019, approx. X tonnes of pistachios were imported into the Philippines; declining by -X% against the previous year. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, pistachio imports contracted significantly to $X in 2019. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest supplier of pistachio to the Philippines, accounting for a X% share of total imports. Moreover, pistachio imports from the U.S. exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tonnes), fourfold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-X% per year) and Australia (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of pistachio to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (-X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The average pistachio import price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018, and then fell in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pistachios in the world?

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The countries with the highest volumes of pistachio consumption in 2019 were China (264K tonnes), Iran (259K tonnes) and the U.S. (108K tonnes), together comprising 43% of global consumption.

What are the largest producers of pistachios in the world?

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The countries with the highest volumes of pistachio production in 2019 were Iran (338K tonnes), the U.S. (336K tonnes) and China (212K tonnes), with a combined 61% share of global production.

What are the leading suppliers of pistachios to the Philippines?

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In value terms, the U.S. ($833K) constituted the largest supplier of pistachio to the Philippines, comprising 74% of total imports. The second position in the ranking was occupied by Viet Nam ($131K), with a 12% share of total imports. It was followed by Hong Kong SAR, with a 9.9% share.

What are the leading importers of pistachios from the Philippines?

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In value terms, the largest markets for pistachio exported from the Philippines were Guatemala ($5.7) and the Netherlands ($5.1), together accounting for 100% of total exports.

What is the average export price for pistachios in the Philippines?

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In 2019, the average pistachio export price amounted to $562 per tonne, which is down by -30.3% against the previous year.

What is the average import price for pistachios in the Philippines?

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The average pistachio import price stood at $11,534 per tonne in 2019, which is down by -9.8% against the previous year.