The import of shelled pistachios in Australia has experienced significant fluctuations over the past decade. Starting from 6.63 thousand metric tons in 2013, there was initial growth reaching 8.03 thousand metric tons in 2014. However, a notable decline followed, with a considerable drop to 2.0 thousand metric tons in 2015. Despite some recovery, imports remained low, hovering between 2.0 and 3.6 thousand metric tons until 2022. By 2023, imports increased to 3.1 thousand metric tons, marking a modest recovery.
The year-on-year variations highlight the volatility of these imports:
- Last two years: A 10.86% increase from 2022 to 2023, following a 33.33% increase from 2021 to 2022.
- Five-year CAGR: From 2018 to 2023, the average annual growth rate was 1.37%.
Forecasts predict a gradual upward trend in pistachio imports, with an estimated 5.82% CAGR from 2024 to 2028, reaching 4.5 thousand metric tons by 2028. This sustained growth indicates a positive outlook for the pistachio market in Australia.
Future trends to watch for include:
- Potential impacts of climate change on pistachio production globally.
- Shifts in consumer preferences towards healthy snacking, possibly boosting demand.
- Trade policies and tariffs affecting import dynamics.
