Australia: Pistachio Market 2024

Pistachio Market Size in Australia

The Australian pistachio market shrank dramatically to $X in 2022, dropping by -27.9% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Pistachio consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Pistachio Production in Australia

In value terms, pistachio production fell slightly to $X in 2022 estimated in export price. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 168%. Pistachio production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of pistachios in Australia was estimated at X tons per ha, approximately mirroring the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by 1.2%. Over the period under review, the average pistachio yield reached the maximum level at X tons per ha in 2019; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of pistachios in Australia totaled X ha, standing approx. at 2021 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 5.9% against the previous year. Over the period under review, the harvested area dedicated to pistachio production reached the peak figure at X ha in 2020; afterwards, it flattened through to 2022.

Pistachio Exports

Exports from Australia

After three years of decline, shipments abroad of pistachios increased by 196% to X tons in 2022. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 244%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pistachio exports surged to $X in 2022. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 413% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China (X tons) was the main destination for pistachio exports from Australia, with a 95% share of total exports. It was followed by Hong Kong SAR (X tons), with a 1.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +7.4%.

In value terms, China ($X) remains the key foreign market for pistachios exports from Australia, comprising 94% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +24.3%.

Export Prices by Country

The average pistachio export price stood at $X per ton in 2022, rising by 49% against the previous year. In general, the export price enjoyed prominent growth. The growth pace was the most rapid in 2015 when the average export price increased by 63% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+19.3%).

Pistachio Imports

Imports into Australia

In 2022, approx. X tons of pistachios were imported into Australia; which is down by -14.4% on the previous year's figure. Over the period under review, imports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2017 with an increase of 100%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pistachio imports fell to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.1% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 61% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of pistachio to Australia, accounting for a 68% share of total imports. Moreover, pistachio imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Vietnam (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.4% per year) and Vietnam (+113.9% per year).

In value terms, the United States ($X) constituted the largest supplier of pistachios to Australia, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.0% per year) and Vietnam (+133.4% per year).

Import Prices by Country

The average pistachio import price stood at $X per ton in 2022, surging by 2.1% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 decreased by -5.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Vietnam ($X per ton), while the price for the United States ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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