Pakistan: Pistachio Market 2024

Pistachio Market Size in Pakistan

In 2022, the Pakistani pistachio market increased by 369% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pistachio Production in Pakistan

In value terms, pistachio production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 81%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average pistachio yield in Pakistan dropped to X tons per ha, falling by -8.8% compared with the year before. Over the period under review, the yield continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 21%. The pistachio yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pistachio harvested area in Pakistan reduced to X ha in 2022, almost unchanged from 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 4.1% against the previous year. The pistachio harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Pistachio Exports

Exports from Pakistan

In 2022, the amount of pistachios exported from Pakistan surged to X tons, jumping by 553% against the previous year. In general, exports, however, saw a abrupt decline. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pistachio exports surged to $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons), Kuwait (X kg) and Germany (X kg) were the main destinations of pistachio exports from Pakistan, together comprising 41% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +45.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pistachio exported from Pakistan were South Africa ($X), Germany ($X) and Canada ($X), with a combined 45% share of total exports. Kuwait, Mauritius, the United States, Sri Lanka and Australia lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Kuwait, with a CAGR of +55.2%, recorded 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

In 2022, the average pistachio export price amounted to $X per ton, declining by -41% against the previous year. Overall, the export price, however, continues to indicate a noticeable expansion. The growth pace was the most rapid in 2015 an increase of 78%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Sri Lanka ($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 Kuwait (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pistachio Imports

Imports into Pakistan

In 2022, supplies from abroad of pistachios increased by 386% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pistachio imports soared to $X in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Iran (X tons) was the main pistachio supplier to Pakistan, accounting for a 94% share of total imports. Moreover, pistachio imports from Iran exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran totaled +45.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+43.2% per year) and the United Arab Emirates (+107.6% per year).

In value terms, Iran ($X) constituted the largest supplier of pistachios to Pakistan, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran amounted to +46.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+55.7% per year) and the United Arab Emirates (+109.2% per year).

Import Prices by Country

In 2022, the average pistachio import price amounted to $X per ton, with an increase of 21% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +11.5% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 45%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Iran ($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 States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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