The supply of shelled pistachios in Mexico has shown significant fluctuations from 2013 to 2023 with notable highs and lows. In 2023, the supply stood at 4.24 thousand metric tons, showing a modest year-on-year increase of 0.83%. Over the last two years, there was a notable growth in 2021 by 34.38%, followed by a slight decline in 2022 by -2.33%. The overall five-year CAGR leading up to 2023 was relatively strong at 15.06%, indicating a general upward trend despite some volatility in individual years.
Looking ahead, the forecast for the next five years shows a steady, albeit slow, growth rate with a CAGR of 0.83% to reach 4.46 thousand metric tons by 2028. The projected 5-year growth rate of 4.2% suggests a period of stabilization and consistent supply levels.
Future trends to watch for:
- Global demand shifts: Changes in global demand for pistachios could impact supply dynamics.
- Climate factors: Weather conditions and climate change could affect agricultural yields.
- Technological advancements: Improvements in agricultural practices could enhance production efficiency.
- Trade policies: Shifts in international trade policies could influence export and import activities.
