Global nuts market summary

• In Iran, pistachio exports to the European Union remained resilient during the first quarter of 2026 despite ongoing geopolitical tensions. Export values increased slightly year over year, supported by a strategic shift toward higher-value pistachio kernels. Kernel exports rose modestly, while in-shell pistachio exports declined significantly, reflecting changing preferences among European buyers. Although imports by Germany decreased, stronger demand from other EU member states offset the decline, indicating a broader diversification of European purchasing patterns and continued demand for value-added products.
• South Africa's pistachio industry is positioning itself for long-term growth, targeting a 5% to 8% share of the global export market. Industry plans aim to expand annual production to approximately 60,000 metric tons by the late 2030s, supported by favorable international prices and supply gaps in Northern Hemisphere markets. Growth is concentrated in the Northern Cape region along the Orange River, although producers continue to face challenges related to climate suitability, water availability, and the need for significant investment in efficient production systems.
• In Turkey, hazelnut exports declined by 30.6% between January and May 2026 compared with the same period a year earlier. Despite lower shipment volumes, export revenues increased by 16.3%, driven by a sharp rise in unit values. Average export prices climbed substantially, highlighting strong global demand and tighter supply conditions. Turkey continues to strengthen its position as the world's leading hazelnut supplier by expanding into emerging markets, particularly in Africa, reducing its reliance on traditional European destinations and improving its long-term market resilience.