The US production of shelled pistachios has seen considerable fluctuations over the past decade. In 2023, the production stood at 489.68 thousand metric tons, reflecting a 22.4% year-on-year increase from 2022. Notably, from 2013 to 2023, the Compound Annual Growth Rate (CAGR) has seen wide variations, including peaks such as a 232.04% increase from 2015 to 2016 and lows like a -47.47% drop from 2014 to 2015.
From 2018 to 2023, the 5-year CAGR is 3.84%, pointing to moderate growth despite the annual fluctuations. Moving forward, production is forecasted to continue its upward trajectory, reaching 624.51 thousand metric tons by 2028, representing a forecasted 5-year growth rate of 20.75%.
Future trends to watch for include potential impacts of climate change on crop yields, technological advancements in agriculture improving efficiency, and shifts in global demand affecting US export opportunities.
