ASEAN: Pistachio Market 2025

Pistachio Market Size in ASEAN

In 2022, the ASEAN pistachio market increased by 18% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, showed a drastic downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Pistachio Production in ASEAN

In value terms, pistachio production contracted sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of 45,603%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Thailand (X tons) remains the largest pistachio producing country in ASEAN, accounting for 99% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Thailand totaled -37.0%.

Pistachio Exports

Exports in ASEAN

In 2022, shipments abroad of pistachios decreased by -70.4% to X tons, falling for the third year in a row after six years of growth. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 210% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pistachio exports reduced remarkably to $X in 2022. In general, exports, however, recorded notable growth. The most prominent rate of growth was recorded in 2018 when exports increased by 177%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam represented the key exporter of pistachios in ASEAN, with the volume of exports accounting for X tons, which was near 69% of total exports in 2022. It was distantly followed by Singapore (X tons), creating a 26% share of total exports. The following exporters - Thailand (X tons) and Malaysia (X tons) - each reached a 3.3% share of total exports.

Vietnam experienced a relatively flat trend pattern with regard to volume of exports of pistachios. At the same time, Thailand (+36.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +36.1% from 2012-2022. By contrast, Singapore (-5.3%) and Malaysia (-19.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Thailand increased by +15 and +1.6 percentage points, respectively.

In value terms, Vietnam ($X) remains the largest pistachio supplier in ASEAN, comprising 75% of total exports. The second position in the ranking was held by Singapore ($X), with a 21% share of total exports. It was followed by Thailand, with a 2.2% share.

In Vietnam, pistachio exports expanded at an average annual rate of +8.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-2.5% per year) and Thailand (+43.3% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of 13% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pistachio export price increased by +108.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 86%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.2%), while the other leaders experienced more modest paces of growth.

Pistachio Imports

Imports in ASEAN

In 2022, supplies from abroad of pistachios increased by 9.6% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 53%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, pistachio imports rose sharply to $X in 2022. In general, imports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 49%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam dominates imports structure, accounting for X tons, which was approx. 80% of total imports in 2022. Thailand (X tons) took the second position in the ranking, followed by Singapore (X tons). All these countries together held approx. 15% share of total imports. Malaysia (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pistachio imports into Vietnam stood at -9.7%. At the same time, Thailand (+11.5%) and Singapore (+9.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +11.5% from 2012-2022. By contrast, Malaysia (-8.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Singapore increased by +8.4 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported pistachios in ASEAN, comprising 81% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.6% share of total imports. It was followed by Singapore, with a 5% share.

In Vietnam, pistachio imports declined by an average annual rate of -6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+8.4% per year) and Singapore (+4.7% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of 4.9% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +79.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 55% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform