Analysis of the shelled pistachios export volume in the US reveals significant fluctuations over the decade from 2013 to 2023. The export volume stood at 301.29 thousand metric tons in 2023. Observing the year-on-year variations, the largest growths were recorded in 2016 (156.65%) and 2021 (40.18%), while notable declines were observed in 2014 (-25.5%) and 2015 (-37.68%). Over the last two years, there was a moderate increase with 2022 seeing a slight decrease (-10.6%) followed by a small increase in 2023 (2.61%). The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.56%.
Looking ahead, the forecast data from 2024 to 2028 predicts a steady increase in exports, with a CAGR of 3.53% and a total growth rate of 18.93% by 2028, indicating a positive future trend for the US shelled pistachios export market.
Future Trends to Watch For:
- Global demand for healthy snacks and plant-based proteins which could drive up the market for shelled pistachios.
- Trade agreements and tariffs that may impact export dynamics.
- Innovations in agricultural practices and pest control that could enhance yield and quality.
- Sustainability movements leading to more eco-friendly farming methods, potentially influencing production scales.
