Mar 26, 2025Meridian Growers report outlines 25% decline in U.S. pistachio shipments
Year-to-date shipments of U.S. pistachios through February 2025 have dropped by approximately 25% compared to the same period last year, primarily due to low inventory rather than a decline in demand, according to the latest report from Meridian Growers.
The most significant drop occurred in Asia, where shipments to China and Hong Kong fell by around 40%. The decline is attributed to heavy exports from the 2023 crop early on, as buyers anticipated a smaller 2024 crop and rising prices. Other international markets have also experienced decreased shipments, though not as steeply.
Domestically, demand for pistachios has remained stable, aligning with historical trends. Internationally, current demand from China and Hong Kong is minimal, while European demand is steady. Industry analysts expect increased demand from India in the summer as buyers prepare for Diwali.
Trade uncertainty looms as the sector braces for potential tariff adjustments. The European Union has already imposed an additional 25% tariff on almonds in response to previous U.S. tariffs on aluminum and steel. Further tariff measures on various countries may be announced on April 2, though their impact remains unclear.
Despite these challenges, industry leaders remain optimistic about long-term demand for American pistachios. Projections indicate that the U.S. will enter the 2025 harvest with a low but manageable inventory.
Weather conditions continue to be a factor in determining the upcoming crop outlook. While chill hours have been adequate, late-season rains and cooler-than-expected temperatures have introduced uncertainty. Almond prices have already risen in response to recent weather patterns, and the pistachio industry is closely monitoring potential impacts.
The industry expects to have a clearer picture of the 2025 crop outlook in the coming weeks as weather conditions continue to evolve.
