Greece: Pistachio Market 2025

Pistachio Market Size in Greece

The Greek pistachio market reduced to $X in 2022, with a decrease of -14.7% against the previous year. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Pistachio Production in Greece

In value terms, pistachio production reduced modestly to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 69%. Pistachio production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of pistachios in Greece reached X tons per ha, stabilizing at the previous year's figure. Over the period under review, the yield indicated resilient growth from 2012 to 2022: its figure increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pistachio yield decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24% against the previous year. Over the period under review, the average pistachio yield reached the maximum level at X tons per ha in 2020; 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 pistachio harvested area in Greece reduced modestly to X ha, approximately reflecting 2021 figures. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 9.2% against the previous year. Over the period under review, the harvested area dedicated to pistachio production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Pistachio Exports

Exports from Greece

In 2022, shipments abroad of pistachios increased by 97% to X tons, rising for the third consecutive year after three years of decline. Overall, exports continue to indicate a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pistachio exports surged to $X in 2022. Over the period under review, exports continue to indicate notable growth. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for pistachio exports from Greece, with a 45% share of total exports. Moreover, pistachio exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was held by Bulgaria (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+27.5% per year) and Bulgaria (+9.0% per year).

In value terms, Italy ($X) remains the key foreign market for pistachios exports from Greece, comprising 46% of total exports. The second position in the ranking was held by Turkey ($X), with a 17% share of total exports. It was followed by Cyprus, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+28.6% per year) and Cyprus (+14.0% per year).

Export Prices by Country

In 2022, the average pistachio export price amounted to $X per ton, falling by -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pistachio Imports

Imports into Greece

In 2022, after two years of growth, there was significant decline in supplies from abroad of pistachios, when their volume decreased by -14.5% to X tons. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 126% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, pistachio imports reduced to $X in 2022. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 116%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest pistachio supplier to Greece, accounting for a 58% share of total imports. Moreover, pistachio imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+26.4% per year) and Italy (+9.3% per year).

In value terms, the United States ($X), Turkey ($X) and Italy ($X) constituted the largest pistachio suppliers to Greece, with a combined 82% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +34.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pistachio import price amounted to $X per ton, rising by 3.3% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 -5.1% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 54% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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