Pistachio Market Overview in Spain

The revenue of the pistachio market in Spain amounted to $90M in 2010, growing by 18% 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). The market value increased at an average annual rate of +10.5% over the period from 2007 to 2010; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of 18% year-to-year. In that year, the pistachio market attained its peak level and is likely to continue its growth in the immediate term.

In value terms, pistachio production totaled $25M in 2010 estimated in export prices. Over the period under review, pistachio production continues to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2009 with an increase of 100% against the previous year. Pistachio production peaked in 2010 and is likely to see steady growth in the near future.

Average yield of pistachios in Spain amounted to 598 kg per ha in 2010, picking up by 6.6% against the previous year. The yield figure increased at an average annual rate of +2.6% from 2007 to 2010; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The pace of growth appeared the most rapid in 2010 when yield increased by 6.6% against the previous year. In that year, the average pistachio yield attained its peak level and is likely to continue its 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.

In 2010, the total area harvested in terms of pistachios production in Spain amounted to 4.3K ha, going up by 78% against the previous year. In general, the pistachio harvested area continues to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2009 when harvested area increased by 94% against the previous year. Over the period under review, the harvested area dedicated to pistachio production attained its maximum in 2010 and is likely to continue its growth in the immediate term.

In 2010, the consumption of pistachios in Spain totaled 9.3K tonnes, growing by 18% against the previous year. The total consumption volume increased at an average annual rate of +11.1% over the period from 2007 to 2010; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of 18% against the previous year. In that year, the pistachio consumption attained its peak volume and is likely to continue its growth in the immediate term.

The revenue of the pistachio market in Spain amounted to $90M in 2010, picking up by 18% 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). The market value increased at an average annual rate of +10.5% from 2007 to 2010; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when the market value increased by 18% year-to-year. In that year, the pistachio market reached its peak level and is likely to continue its growth in the immediate term.

Driven by increasing demand for pistachio in Spain, the market is expected to continue an upward consumption trend over the next fifteen years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +6.2% for the fifteen-year period from 2010 to 2025, which is projected to bring the market volume to 23K tonnes by the end of 2025.

Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from 95% in 2007 to 77% in 2010. Spain domestic supply is expected to continue its growth.

Spain remains a net importer of pistachio; in physical and value terms, imports consistently exceeded exports from 2007 to 2010. In 2010, there was a significant trade deficit of 6.7K tonnes, which was equal to $54M. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.