Pistachio Market Overview in Italy
In value terms, pistachio production amounted to $45M in 2010 estimated in export prices. Over the period under review, pistachio production, however, continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2009 when production volume increased by 28% against the previous year. Over the period under review, pistachio production reached its peak figure level at $78M in 2007; however, from 2008 to 2010, production failed to regain its momentum.
In 2010, the average yield of pistachios in Italy stood at 799 kg per ha, shrinking by -9.7% against the previous year. The yield figure increased at an average annual rate of +1.8% over the period from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2008 with an increase of 8.4% y-o-y. Pistachio yield peaked at 885 kg per ha in 2009, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2010, the pistachio harvested area in Italy amounted to 3.6K ha, growing by 3.4% against the previous year. Overall, the pistachio harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when harvested area increased by 3.4% against the previous year. Over the period under review, the harvested area dedicated to pistachio production attained its maximum at 3.7K ha in 2007; however, from 2008 to 2010, harvested area remained at a lower figure.
The revenue of the pistachio market in Italy amounted to $142M in 2010, reducing by -15.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, pistachio consumption continues to indicate a deep decrease. The pace of growth was the most pronounced in 2009 with a decrease of -1.4% against the previous year. Pistachio consumption peaked at $217M in 2007; however, from 2008 to 2010, consumption stood at a somewhat lower figure.