Pistachio Industry Overview: Supply and Consumption Analysis
Executive Summary
The pistachio industry has seen fluctuations in supply, consumption, and loss percentages over the recent years. The data presented reflects a detailed analysis of the pistachio supply and consumption from the crop year (CY) 2019/2020 through estimates for CY 2023/24, alongside a five-year average for comparison. Notably, total supply peaked in CY 2021/2022, while the estimated total consumption for CY 2023/24 shows an increase, suggesting a potential growth in demand. Loss percentages have varied, with a noticeable decrease in the estimated CY 2023/24.
Pistachio Supply and Consumption Trends
Supply Dynamics
Highest Recorded Supply: In CY 2021/2022, total supply hit its peak at 1,190.9 million lbs.
Estimation for CY 2023/24: A projected reduction in supply to 1,380.9 million lbs is noted.
Five-Year Average: Total supply averages at 985.2 million lbs, indicating overall growth over time.
Consumption Patterns
Domestic Shipment Trends: An upward trajectory, with CY 2023/24 estimated at 800.0 million lbs.
Export Shipment Insights: Exports surged in CY 2021/2022 at 573.7 million lbs, with an 800.0 million lbs estimate for CY 2023/24.
Total Consumption: Estimated to increase to 1,125.0 million lbs in CY 2023/24.
Five-Year Consumption Average: Stands at 769.5 million lbs, underlying a growing domestic and international market appetite.
Analysis of Loss and Carry Out
Loss as Percentage of Supply: CY 2021/2022 recorded a high of 21.8%, with an estimated decrease to 19.9% in CY 2023/24.
Carry Out Percentages: A declining trend with a projected 18.5% for CY 2023/24.
Implications for the Pistachio Industry
The pistachio market is witnessing a significant shift, with estimates suggesting a higher consumption rate that may exceed supply growth. The industry must prepare for the increasing demand while addressing the varying loss percentages to ensure sustainability and profitability.
