Philippines: Pumpkin Market 2024

Pumpkin Market Size in the Philippines

The Philippine pumpkin market soared to $X in 2023, jumping by X% against the previous year. In general, consumption showed a abrupt curtailment. Pumpkin consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Pumpkin Production in the Philippines

In value terms, pumpkin production soared to $X in 2023 estimated in export price. Overall, production continues to indicate a deep setback. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

The average yield of pumpkin (squash and gourds) in the Philippines declined to X tons per ha in 2023, remaining relatively unchanged against 2022. Over the period under review, the yield showed a mild contraction. The pace of growth was the most pronounced in 2013 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2023, the growth of the average pumpkin yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of pumpkin (squash and gourds) in the Philippines totaled X ha, therefore, remained relatively stable against 2022. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to pumpkin production reached the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Pumpkin Exports

Exports from the Philippines

In 2023, overseas shipments of pumpkin (squash and gourds) decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, pumpkin exports declined markedly to $X in 2023. Overall, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for pumpkin exports from the Philippines, with a X% share of total exports. It was followed by Bahrain (X kg), with a X% share of total exports.

From 2017 to 2023, the average annual growth rate of volume to Hong Kong SAR stood at X%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for pumpkin (squash and gourds) exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2017 to 2023, the average annual growth rate of value to Hong Kong SAR totaled X%.

Export Prices by Country

In 2023, the average pumpkin export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Hong Kong SAR totaled $X per ton.

From 2017 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pumpkin Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded growth in overseas purchases of pumpkin (squash and gourds), which increased by X% to X tons in 2019. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, pumpkin imports skyrocketed to $X in 2019. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2019 and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), South Korea (X tons) and Ukraine (X kg) were the main suppliers of pumpkin imports to the Philippines.

From 2017 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pumpkin suppliers to the Philippines were South Korea ($X), Brazil ($X) and Ukraine ($X).

Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average pumpkin import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a dramatic decline. The most prominent rate of growth was recorded in 2018 a decrease of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2019, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2017 to 2019, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform