Pistachio Market Report 2024: Global Prices, Import Leaders, and Trade Insights
Introduction
The global pistachio market witnessed impressive growth in 2024, driven by strong consumer demand, increased supply from producing countries, and competitive prices that encouraged international trade. According to official trade data, the total value of pistachio imports worldwide rose to USD 4.56 billion, a 27.3% increase compared to USD 3.58 billion in 2023.
Pistachios remain a popular commodity in both raw and processed forms, with consumption driven by their nutritional benefits and use in confectionery, bakery, and snack industries. However, prices for both in-shell and shelled pistachios experienced a modest decline compared to 2023, reflecting a balanced supply-demand environment.
Global Pistachio Import Value Growth
The total value of imported pistachios rose sharply from USD 3.58 billion in 2023 to USD 4.56 billion in 2024. This surge was largely supported by higher import volumes from major consumer markets in Asia and Europe, as well as a diversification of sourcing countries.
| Year | Import Value (USD billions) | Change (%) |
|---|---|---|
| 2023 | 3.58 | — |
| 2024 | 4.56 | +27.3% |
Source: World’s Top Exports
Pistachio Price Trends in 2024
Average global prices for pistachio imports saw moderate declines in 2024. In-shell pistachios averaged USD 6,717 per ton, down 7% from USD 7,224 per ton in 2023. Shelled pistachios averaged USD 12,548 per ton, a 3.4% decrease from the previous year’s USD 12,988 per ton.
These reductions are attributed to increased supply from certain producing countries, stable shipping conditions, and relatively lower production costs in some origins.
Source: World’s Top Exports
The price difference between in-shell and shelled pistachios remains substantial, reflecting the higher labor costs associated with shelling, as well as the premium placed on ready-to-use kernels in food processing.
Leading Pistachio Importing Countries in 2024
In 2024, the top five pistachio importing countries accounted for more than half of total global imports. China led the market with imports worth USD 869 million, representing 19% of total global pistachio imports. Germany followed with USD 560 million, while Italy imported USD 389 million worth of pistachios. Turkey and Vietnam completed the top five, with USD 342 million and USD 294 million in imports, respectively.
| Rank | Country | Import Value (USD millions) | Share of Global Imports (%) |
|---|---|---|---|
| 1 | China | 869 | 19.0% |
| 2 | Germany | 560 | 12.3% |
| 3 | Italy | 389 | 8.5% |
| 4 | Turkey | 342 | 7.5% |
| 5 | Vietnam | 294 | 6.5% |
Beyond these five, other significant importers included India, Spain, Belgium, the Netherlands, Saudi Arabia, Poland, France, the United Arab Emirates, Hong Kong, the United Kingdom, Jordan, Iraq, Mexico, and the Czech Republic. Collectively, these countries accounted for approximately 87% of the world’s pistachio imports in 2024.
The European Market Surge
The European Union set a new record for pistachio imports in 2024. Total imports reached 151,821 metric tons, a 32% increase compared to 2022. The value of these imports was EUR 1.119 billion (USD 1.154 billion), up 36% from 2023.
Germany, Italy, and Spain were the EU’s largest importers, sourcing primarily from Iran and the United States. This surge in imports is linked to rising consumer demand for healthy snacks and the popularity of pistachio-based confectionery products.
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Source: Mundus Agri
Global Pistachio Production Context
The supply side also saw notable developments in 2024. Global in-shell pistachio production reached 1.168 million tons, an increase of 9.1% year-on-year. When including carryover stocks, total supply stood at 1.332 million tons, up 5.7% from the previous year.
This growth was driven mainly by Turkey, Iran, and Syria, while the United States experienced a 26% production decline due to the cyclical nature of pistachio yields and adverse weather conditions.
Pistachio Market Outlook for 2025
Analysts expect the pistachio market to remain stable in 2025, with in-shell pistachio prices forecast to average around USD 4,630 per ton (USD 2.10 per pound). Demand from Asia and the Middle East is projected to remain strong, while European demand could see further growth as consumer preferences continue shifting toward plant-based and protein-rich snacks.
However, potential risks such as trade policy changes, shipping disruptions, and climate-related production issues could still cause price volatility.
Conclusion
The global pistachio market in 2024 demonstrated both resilience and growth potential. With import values up sharply and prices stabilizing at competitive levels, there are clear opportunities for exporters to strengthen their position in key markets. For suppliers like Keinia Group, the current climate offers a prime chance to expand in Europe, China, and emerging Asian markets. By leveraging quality assurance, innovative packaging, and targeted marketing, producers can capture a greater share of the growing global demand for pistachios.
