Based on the supplied data, Turkey's shelled pistachio market has seen significant fluctuations from 2013 to 2023, with value standing at 235.47 thousand metric tons in 2023. The period was marked by considerable peaks and troughs, reflecting variability in production.
In the last two years, there was a notable decline of 17.67% in 2023 following a substantial increase of 57.32% in 2022. Over the past five years, the compound annual growth rate (CAGR) was a modest 0.69%, indicating a relatively slow average annual increase despite the year-to-year volatility.
Forecasting for the next five years, a positive trajectory is expected, with the shelled pistachio supply projected to reach 300.37 thousand metric tons by 2028, marking an average annual growth rate of 3.85% and an overall anticipated growth of 20.77%.
Future trends to watch for include potential advancements in agricultural techniques, climate change impacts, and market demand shifts, which could substantially influence production levels and supply consistency in Turkey's pistachio market.
