Pistachio Prices

Pistachio Prices September 2023

In the third quarter of 2023, the price of pistachio in the Turkey reached 8304 USD/MT by September. Similarly, in China, the pistachio prices hit 6010 USD/MT in the same month. Whereas, Iran witnessed pistachio prices reaching 14393 USD/MT during Q3 2023.

Pistachio Price Trend, Market Analysis, and News

IMARC's latest publication, “Pistachio Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the pistachio market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of pistachio at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed pistachio price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting pistachio pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Pistachio Market Analysis

The global pistachio market size reached 1.07 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 1.59 Million Tons, at a projected CAGR of 4.50% during 2023-2032.

• The rise in global health consciousness is significantly driving the pistachio market. According to a report, the global tree nut production reached above 4.6 million metric tons in 2019 and 2020, with pistachios owing 14% of the production. Consumers are increasingly aware of the health benefits associated with nut consumption, particularly pistachios, which are rich in protein, fiber, and antioxidants. This growing awareness is reflected in the dietary trends where more individuals are adopting balanced and nutritious diets. The popularity of pistachios can be attributed to their potential in promoting heart health, aiding in weight management, and providing essential vitamins and minerals. Scientific studies have supported these health claims, further propelling consumer interest. For instance, pistachios are known to have a positive effect on cholesterol levels, with a particular impact on reducing LDL (bad) cholesterol. Additionally, the high fiber content in pistachios aids in digestive health, making them a favorable snack option for health-conscious individuals. The market has seen an increase in product innovation, with pistachios being incorporated into various food products such as snacks, desserts, and even plant-based dairy alternatives. This innovation caters to the demand for healthy, convenient, and on-the-go food options. Consequently, the retail segment for pistachios is expanding, with supermarkets, health stores, and online platforms reporting higher sales.
• The increase in disposable incomes globally, particularly in emerging economies, is another major driver of the pistachio market. Higher disposable incomes translate to greater spending power, allowing consumers to purchase premium and non-essential food items, including pistachios. As economies grow and middle-class populations expand, there is a shift toward more diverse and high-quality dietary choices. In countries such as China and India, the burgeoning middle class has led to increased demand for nuts and seeds as part of a healthier lifestyle. According to the EAST INDIA FORUM, almost 432 million individuals in India were categorized as middle class as of 2021. This demographic is willing to spend more on nutritious and exotic food items, thereby boosting the sales of pistachios. The premium nature of pistachios makes them a popular choice among affluent consumers seeking healthier and gourmet snack options. Furthermore, the increased availability and accessibility of pistachios in these regions, supported by improved supply chain logistics and retail infrastructure, have contributed to market growth. Exporters from leading pistachio-producing countries such as the United States and Iran are capitalizing on this trend by expanding their distribution networks and engaging in targeted marketing campaigns.
• The adoption of sustainable farming practices is becoming a crucial factor in driving the pistachio market. Consumers are increasingly concerned about the environmental impact of their food choices, leading to a preference for products that are sustainably sourced. Pistachio producers are responding to this demand by implementing eco-friendly farming techniques, which include water conservation, integrated pest management, and soil health improvement. Pistachio farming, particularly in regions such as California, has faced challenges related to water usage. In response, farmers have adopted advanced irrigation methods such as drip irrigation, which significantly reduces water consumption while maintaining crop yields. Additionally, sustainable practices such as crop rotation and organic farming are gaining traction, enhancing the environmental credentials of pistachio production. Certifications and labeling, such as organic and fair trade, play a significant role in attracting environmentally conscious consumers. These certifications assure buyers that the pistachios they purchase are produced in a manner that supports environmental sustainability and ethical labor practices. As a result, pistachios that carry these labels often command a premium price in the market.

Pistachio News

The report covers the latest developments, updates, and trends impacting the price of pistachio, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the pistachio price trend.

Latest developments in the pistachio industry:

• In February 2024, GRUPO PISTACYL, the largest pistachio producer in Castile and Leon, has introduced three new innovative products made from 100% natural and unroasted pistachios. The products include "Natural Ground Pistachio," "natural pistachio grain," and "Pistachio and chocolate cream" without added sugar.
• In March 2024, German natural food brand KoRo has launched a special edition vegan waffle made with 45% pistachios in collaboration with footballer Mario Götze. The waffle is marketed as a healthy snack due to the nutritious benefits of pistachios. Götze, known for his football career, has become an angel investor and collaborated with KoRo to develop the product.

Product Description

Pistachios are small, green nuts encased in a hard, beige shell, known scientifically as Pistacia vera. These nuts have a unique, mildly sweet flavor and a rich, creamy texture, making them a popular snack and ingredient worldwide. Pistachios are primarily produced in regions with hot, dry climates, such as Iran, the United States (particularly California), Turkey, and the Mediterranean. The production process begins with the cultivation of pistachio trees, which take about five to seven years to bear fruit. Once the trees mature, pistachios are harvested mechanically or by hand in late summer to early fall. After harvesting, the nuts are hulled, dried, and sometimes roasted or salted before packaging.

Pistachios are versatile in their culinary applications, used in both sweet and savory dishes. They are a key ingredient in traditional Middle Eastern desserts such as baklava and are also found in ice creams, salads, and as a garnish for various dishes. Beyond their culinary uses, pistachios offer numerous health benefits. They are rich in healthy fats, protein, fiber, and essential nutrients such as vitamin B6, potassium, and antioxidants.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the pistachio price trend. 

Global Pistachio Price

The report offers a holistic view of the global pistachio pricing trends in the form of pistachio price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of pistachio, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed pistachio demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Pistachio Price

European pistachio prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for pistachio can also be provided for an extensive list of European countries.

North America Pistachio Price

The analysis of pistachio prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific pistachio historical data within the United States and Canada can also be provided.

Middle East and Africa Pistachio Price

The report explores the pistachio pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Pistachio Price

The pistachio pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This pistachio price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Pistachio Price

The analysis of pistachio prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of pistachio pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting pistachio price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The pistachio price charts ensure our clients remain at the forefront of the industry.