Over the past decade, the domestic consumption of shelled pistachios in Australia has demonstrated significant fluctuations. After peaking at 8.03 thousand metric tons in 2014, consumption dropped dramatically to 2.0 in 2015, showcasing a year-on-year variation of -75.09%. From 2016 to 2019, the trend remained relatively low with minor year-on-year increments and declines. Notably, 2020 saw a substantial increase of 44%, reaching 3.6 thousand metric tons, although stability was not achieved as consumption decreased again the following year.
In 2023, the value stood at 3.1 thousand metric tons, showing a modest year-on-year growth of 10.86%. The five-year CAGR leading to 2023 was 1.37%, indicating a slight overall increase. Moving forward, forecasts suggest a steady rise in consumption, projecting an average annual growth rate of 5.82% over the next five years, reaching 4.5 thousand metric tons in 2028.
Future trends to watch for involve potential increases in health-conscious consumer behavior, which may drive higher consumption of nuts, including pistachios, due to their nutritional benefits. Furthermore, economic factors and changes in dietary preferences could also impact the growth trajectory positively or negatively in the coming years.
