Singapore: Pistachio Market Overview 2021

Pistachio Market Size in Singapore

In 2019, the Singaporean pistachio market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Pistachio consumption peaked in 2019 and is expected to retain growth in the near future.

Pistachio Production in Singapore

In value terms, pistachio production declined to $X in 2019 estimated in export prices. Overall, production, however, saw a tangible increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2018, and then reduced in the following year.

The average yield of pistachios in Singapore stood at X kg per ha in 2019, flattening at 2018 figures. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of pistachios were harvested in Singapore; flattening at the year before. In general, the harvested area saw a relatively flat trend pattern.

Pistachio Exports

Exports from Singapore

In 2019, after three years of growth, there was significant decline in shipments abroad of pistachios, when their volume decreased by -X% to X tonnes. In general, exports, however, enjoyed 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, exports reached the peak figure at X tonnes in 2018, and then shrank sharply in the following year.

In value terms, pistachio exports reduced notably to $X in 2019. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Exports peaked at $X in 2018, and then declined rapidly in the following year.

Exports by Country

India (X tonnes), Malaysia (X tonnes) and Viet Nam (X tonnes) were the main destinations of pistachio exports from Singapore, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Viet Nam (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Malaysia ($X) and Viet Nam ($X) appeared to be the largest markets for pistachio exported from Singapore worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Viet Nam (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pistachio export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2009 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Seychelles ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Pistachio Imports

Imports into Singapore

In 2019, after four years of decline, there was significant growth in purchases abroad of pistachios, when their volume increased by X% to X tonnes. In general, imports posted measured growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, pistachio imports surged to $X in 2019. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

The United Arab Emirates (X tonnes), the U.S. (X tonnes) and Iran (X tonnes) were the main suppliers of pistachio imports to Singapore, with a combined X% share of total imports. Hong Kong SAR, China, Jordan and Viet Nam lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Jordan (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the U.S. ($X) and Iran ($X) appeared to be the largest pistachio suppliers to Singapore, with a combined X% share of total imports. Hong Kong SAR, China, Jordan and Viet Nam lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average pistachio import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, import price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pistachio import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. The import price peaked at $X per tonne in 2018, and then declined in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Jordan ($X per tonne), while the price for Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, 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 accounting for 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 Singapore?

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In value terms, the United Arab Emirates ($1.1M), the U.S. ($846K) and Iran ($660K) constituted the largest pistachio suppliers to Singapore, together comprising 81% of total imports. Hong Kong SAR, China, Jordan and Viet Nam lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of pistachios from Singapore?

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In value terms, India ($598K), Malaysia ($522K) and Viet Nam ($259K) constituted the largest markets for pistachio exported from Singapore worldwide, with a combined 77% share of total exports.

What is the average export price for pistachios in Singapore?

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The average pistachio export price stood at $11,329 per tonne in 2019, which is down by -2.5% against the previous year.

What is the average import price for pistachios in Singapore?

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In 2019, the average pistachio import price amounted to $9,078 per tonne, with a decrease of -3.2% against the previous year.