Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Upcoming SlideShare
World: Pistachios - Market Report. Analysis And Forecast To 2020
Next
Download to read offline and view in fullscreen.

0

Share

Download to read offline

Pistachio Trends & Outlook

Download to read offline

Related Audiobooks

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

Pistachio Trends & Outlook

  1. 1. Current 2014 USDA Predicted Pistachio Trends Global: • Production is forecasted at 500,000 metric tons. • Down 20% due to the off-year of alternate bearing crop. • Exports are expected to rise 6% to 315,000 tons. • Increased demand from China and the E.U. United States: • U.S. production is forecasted to decline 15% to 213,000 tons due to the off-year. • Exports, however, could reach a record 175,000 tons to China and the E.U. Iran: • Production is forecasted down 7% to 170,000 tons. • Exports are expected to be up 10%, reaching 135,000 tons. Turkey: • Production is expected to dive over 50%, but will have little effect on the market, as Turkey’s crop is primarily consumed domestically. China: • Imports are forecasted 5% higher at 80,000 tons, and have tripled in 5 years. • Shanghai and Beijing are key U.S. pistachio markets, valuing the higher quality crop. European Union: • Imports should rebound following the financial crisis, and reach 70,000 tons. • The U.S. supplies the majority of the pistachio market. Source: USDA, Foreign Agricultural Service, “Pistachios: World Markets and Trade.”
  2. 2. Country/Province 2009 2010 2011 2012 2013 U.S. 126,100 161,025 236,775 201,395 249,929 Iran 90,000 184,000 216,000 160,000 183,000 Syria 53,000 61,000 57,000 56,000 57,000 Turkey 85,000 38,000 110,000 50,000 117,000 E.U. 11,200 11,200 6,300 6,800 6,800 Other 0 0 0 0 0 Total Production 365,300 455,225 626,075 474,195 613,729 Pistachio Production: Metric Tons, In-Shell Country/Province 2009 2010 2011 2012 2013 Turkey 71,450 61,965 86,275 86,250 96,100 China 29,150 46,025 57,375 69,575 76,150 E.U. 96,480 85,625 73,025 63,325 69,875 U.S. 27,656 50,900 50,255 73,608 76,142 Syria 55,700 64,700 59,400 57,500 54,100 Iran 27,900 55,800 58,900 47,900 51,000 Hong Kong 23,450 29,900 30,825 23,875 36,400 United Arab Emirates 13,700 20,975 18,350 18,275 21,000 Canada 6,700 7,575 12,600 15,300 17,000 India 3,050 4,975 7,450 5,150 9,800 Other 34,300 42,025 63,325 54,875 50,400 Total Consumption: 389,536 470,465 517,780 515,633 557,967 Domestic Pistachio Consumption: Metric Tons, In-Shell Source: USDA, Foreign Agricultural Services, “Pistachios: World Markets and Trade.” Global Pistachio Production & Consumption (Supply & Demand): 2009-2013 Recorded Data
  3. 3. Bearing Non-Bearing % Non-Bearing Total Bearing Yield/Acre Production (Million lbs) Average Return/lb Total Value (Million $) Value/Bearing Acre 2000 74,578 21,730 29% 96,308 3,239 241.56 1.01$ 243.97$ 3,271$ 192,410$ 2001 78,000 23,500 30% 101,500 2,055 160.29 1.01$ 161.89$ 2,076$ 120,369$ 2002 83,000 23,000 28% 106,000 3,644 302.45 1.10$ 332.70$ 4,008$ 240,504$ 2003 88,000 23,000 26% 111,000 1,341 118.01 1.22$ 143.97$ 1,636$ 100,299$ 2004 93,000 24,733 27% 117,733 3,729 346.80 1.34$ 464.71$ 4,997$ 304,441$ 2005 104,552 32,295 31% 136,847 2,701 282.39 2.05$ 578.91$ 5,537$ 317,617$ 2006 112,532 40,112 36% 152,644 2,110 237.44 1.89$ 448.77$ 3,988$ 213,012$ 2007 115,007 62,341 54% 177,348 3,615 415.75 1.41$ 586.21$ 5,097$ 193,737$ 2008 118,133 78,155 66% 196,288 2,353 277.97 2.05$ 569.83$ 4,824$ 135,489$ 2009 125,637 82,969 66% 208,606 2,822 354.55 1.67$ 592.09$ 4,713$ 132,842$ 2010 137,102 78,234 57% 215,336 3,806 521.81 2.22$ 1,158.42$ 8,449$ 301,117$ 2011 152,944 73,392 48% 226,336 2,902 443.84 1.98$ 878.81$ 5,746$ 248,061$ 2012 177,738 62,308 35% 240,046 3,100 550.99 2.61$ 1,438.08$ 8,091$ 436,133$ 2013 202,997 68,068 34% 271,065 2,312 469.33 2.08$ 976.20$ 4,809$ 265,305$ Year Yield Crop Value Rocky Hill Hypothetical Revenue Acreage California Pistachio Acreage & Crop Growth Information: 2000-2013 Recorded Data Source: American Pistachio Industry, Annual Report.
  4. 4. California Production & Average Return/lb Trends: Based on 2000-2013 Recorded Data Key Observations • Notable, steady increase in CA production since 2000. • Although changes in price/lb have been volatile from year to year, overall trend is positive. • Production 14-year growth rate = 7.95% • Return/lb 14-year growth rate = 5.48% Source: American Pistachio Industry, Annual Report Possible Causes/Effects • Pistachios are an alternate bearing crop, meaning supply to the market will be heavier one year, and lighter during the year following. • Overall consumption of the crop is steady and increasing. • This often causes a shortage in the market one season, and a surplus the next, creating the up and down nature of the return/lb pistachio growers receive each year. Conclusions • The pistachio market is growing rapidly due to increased production in the U.S., and surging consumption abroad. • Markets are healthy, and should remain so for many years • Wonderful Pistachios expects to process a 1 billion pound pistachio crop by 2020.

Views

Total views

523

On Slideshare

0

From embeds

0

Number of embeds

10

Actions

Downloads

16

Shares

0

Comments

0

Likes

0

×