Pistachio Market Overview in Pakistan
In value terms, pistachio production expanded rapidly to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate perceptible growth. The pace of growth was the most pronounced in 2016 when the production volume increased by % y-o-y. Over the period under review, production hit record highs in 2019 and is likely to continue growth in years to come.
In 2019, the average yield of pistachios in Pakistan expanded remarkably to tonnes per ha, with an increase of % on the year before. The yield figure increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. Over the period under review, the average pistachio yield attained the maximum level in 2019 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The pistachio harvested area in Pakistan fell to ha in 2019, flattening at 2018 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. As a result, the harvested area reached the peak level of ha. From 2011 to 2019, the growth of the pistachio harvested area remained at a lower figure.
The size of the pistachio market in Pakistan expanded slightly to $ in 2019, picking up by % 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, consumption, however, showed a perceptible decrease. The growth pace was the most rapid in 2009 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2010 to 2019, the growth of the market remained at a lower figure.