Canada's shelled pistachios import data from 2013 through to 2023 reveals notable fluctuations, starting high at 18.8 thousand metric tons in 2013 and dropping significantly to 2.4 by 2015. The period from 2016 to 2022 shows a relatively stable import volume, averaging around 2.5 thousand metric tons. In 2023, imports increased to 3.21 thousand metric tons, representing a 23.35% year-on-year growth compared to 2022. Over the last five years (2018-2023), the compound annual growth rate (CAGR) was 5.11%, indicating a gradual recovery. Future forecasts suggest continuous growth, expecting imports to reach 6.12 thousand metric tons by 2028, translating to a 9.99% five-year CAGR, indicating a strong upward trend.
Future trends to watch for include:
- Continued growth in demand for shelled pistachios, potentially due to increasing consumer health awareness and preference for nuts.
- Potential market influences such as trade policies, climatic changes affecting pistachio yield, and shifts in consumer preferences that could impact import volumes.
- Emerging competition from alternative nut products which might affect pistachio demand growth rates.
