Pistachio Market in Peru
Market Overview
In 
, the Peruvian pistachio market decreased by -% to $, falling for the second consecutive year after five years of growth. In general, consumption saw a sharp downturn. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Pistachio consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
In value terms, pistachio production expanded markedly to $ in estimated in export prices. Overall, the total production indicated a slight increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Pistachio production peaked in and is expected to retain growth in years to come.
The average yield of pistachios in Peru was estimated at kg per ha in , therefore, remained relatively stable against the year before. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the harvested area of pistachios in Peru was estimated at ha, remaining relatively unchanged against 2019 figures. In general, the harvested area continues to indicate a relatively flat trend pattern.
, the Peruvian pistachio market decreased by -% to $, falling for the second consecutive year after five years of growth. In general, consumption saw a sharp downturn. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Pistachio consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.In value terms, pistachio production expanded markedly to $
in estimated in export prices. Overall, the total production indicated a slight increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Pistachio production peaked in and is expected to retain growth in years to come.The average yield of pistachios in Peru was estimated at
kg per ha in , therefore, remained relatively stable against the year before. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the harvested area of pistachios in Peru was estimated at ha, remaining relatively unchanged against 2019 figures. In general, the harvested area continues to indicate a relatively flat trend pattern.Consumption
In , consumption of pistachios decreased by -% to kg, falling for the second year in a row after five years of growth. Over the period under review, consumption showed a sharp shrinkage. The growth pace was the most rapid in 2010 when the consumption volume increased by % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to , consumption remained at a lower figure.
The value of the pistachio market in Peru declined markedly to $ in , reducing 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). Overall, consumption continues to indicate a precipitous contraction. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, consumption of pistachios decreased by -% to kg, falling for the second year in a row after five years of growth. Over the period under review, consumption showed a sharp shrinkage. The growth pace was the most rapid in 2010 when the consumption volume increased by % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to , consumption remained at a lower figure.The value of the pistachio market in Peru declined markedly to $
in , reducing 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). Overall, consumption continues to indicate a precipitous contraction. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by rising demand for pistachio in Peru, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Peru increased significantly over the last thirteen-year period (from % to %). Total import supply of pistachio is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of pistachio is expected to rise, though it will be moderately impacted by price increases.Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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