Pistachio market continues to grow, led by the United States

Published Oct 10, 2024

Tridge summary

The United States is the world's leading producer, consumer, and exporter of pistachios, with California seeing a significant increase in pistachio planted acreage since 2012. The industry is expected to see a surge in supply, making innovation and health research crucial for price stability. Despite challenges like California's SGMA, the U.S. is projected to remain the global leader in pistachio production. The country's pistachio consumption has risen significantly, and it is the largest exporter of pistachios, with China being a key importer. Prices for the 2024/2025 to 2028/2029 seasons are expected to average around $2.10 per pound in shell, with a high likelihood of prices ranging between $1.80 and $2.20 in 2027/2028.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The United States has established itself as the world’s largest producer, exporter, and consumer of pistachios, driven by expanding acreage and orchard resilience. According to a recent RaboResearch report, the U.S. pistachio industry is poised for a significant increase in supply, making business innovation and health research crucial to maintaining price stability. Adopting economically sustainable practices will continue to ensure positive margins for efficient operators. Over the past two decades, pistachios have consistently offered higher gross yields per acre of production than almonds and walnuts in California. With an average gross yield of $6,400 per acre over the past decade, pistachios have outperformed almonds and walnuts by 20 and 70 percent, respectively. This profitability, coupled with the resilience of pistachio orchards to salinity and drought, has fueled rapid planting growth since 2012. From 2011 to 2023, California’s pistachio planted acreage increased by ...

Source: MXfruit