Thailand: Pistachio Market 2024

Pistachio Market Size in Thailand

For the third year in a row, the Thai pistachio market recorded growth in sales value, which increased by 65% to $X in 2022. In general, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pistachio Production in Thailand

In value terms, pistachio production fell markedly to $X in 2022 estimated in export price. Overall, production faced a sharp contraction. 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 Thailand stood at less than X kg per ha, therefore, remained relatively stable against the year before. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of pistachios production in Thailand stood at less than X ha, leveling off at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Pistachio Exports

Exports from Thailand

In 2022, approx. X tons of pistachios were exported from Thailand; dropping by -90.9% on the previous year. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 42,811%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pistachio exports reduced notably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 139,420% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for pistachio exports from Thailand, with a 54% share of total exports. Moreover, pistachio exports to the Philippines exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-1.8% per year) and Hong Kong SAR (-15.4% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for pistachios exports from Thailand, comprising 55% of total exports. The second position in the ranking was held by Vietnam ($X), with a 25% share of total exports. It was followed by Hong Kong SAR, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines amounted to +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+20.3% per year) and Hong Kong SAR (-7.3% per year).

Export Prices by Country

In 2022, the average pistachio export price amounted to $X per ton, increasing by 121% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 966%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Cambodia ($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 Cambodia (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pistachio Imports

Imports into Thailand

In 2022, overseas purchases of pistachios increased by 213% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate a strong expansion. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, pistachio imports surged to $X in 2022. Over the period under review, imports saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 119%. As a result, imports attained the peak of $X. From 2019 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 Thailand, accounting for a 81% share of total imports. Moreover, pistachio imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.4% per year) and Iran (-15.4% per year).

In value terms, the United States ($X) constituted the largest supplier of pistachios to Thailand, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.4% per year) and Iran (-8.5% per year).

Import Prices by Country

In 2022, the average pistachio import price amounted to $X per ton, declining by -37.3% against the previous year. Over the period under review, the import price showed a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 64% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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