Global Pumpkin Market 2024

Pumpkin Market Size

The global pumpkin market contracted modestly to $X.1B in 2023, falling by X% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. Over the period under review, the global market hit record highs at $X.9B in 2022, and then declined in the following year.

Pumpkin Production

In value terms, pumpkin production contracted to $X.3B in 2023 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, global production reached the maximum level at $X in 2022, and then contracted in the following year.

The countries with the highest volumes of production in 2023 were China (X tons), India (X tons) and Ukraine (X tons), with a combined X% share of global production. Russia, the United States, Spain, Turkey, Mexico, Bangladesh, Italy, Indonesia and Pakistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2023, the global average yield of pumpkin (squash and gourds) stood at X tons per ha, remaining relatively unchanged against the previous year's figure. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The global yield peaked at X tons per ha in 2021; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of pumpkin (squash and gourds) were harvested worldwide; approximately mirroring 2022 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to pumpkin production reached the maximum at X ha in 2020; afterwards, it flattened through to 2023.

Pumpkin Exports

Exports

In 2023, global exports of pumpkin (squash and gourds) reached X tons, growing by X% against 2022. In general, total exports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The global exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, pumpkin exports stood at $X in 2023. Overall, total exports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the global exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

Mexico (X tons) and Spain (X tons) represented the largest exporters of pumpkin (squash and gourds) in 2023, accounting for approx. X% and X% of total exports, respectively. It was distantly followed by Turkey (X tons), committing a X% share of total exports. Morocco (X tons), the Netherlands (X tons), the United States (X tons), Iran (X tons), France (X tons), New Zealand (X tons), Portugal (X tons), Canada (X tons), Italy (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Iran (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of global exports. The Netherlands, the United States, Italy, France, Morocco, Portugal, New Zealand, Canada, China and Iran lagged somewhat behind, together comprising a further X%.

Iran, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average pumpkin export price stood at $X per ton in 2023, flattening at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Pumpkin Imports

Imports

In 2023, overseas purchases of pumpkin (squash and gourds) decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, global imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, pumpkin imports reduced dramatically to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2022, and then reduced markedly in the following year.

Imports by Country

France (X tons), Germany (X tons), the Netherlands (X tons), the UK (X tons), the United States (X tons), Russia (X tons), Japan (X tons), Canada (X tons), Italy (X tons), Singapore (X tons), Belgium (X tons) and Spain (X tons) represented roughly X% of total imports in 2023. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of global imports. The Netherlands, Canada, Japan, Italy, Belgium, the United States, Poland, Russia, Spain and Singapore lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average pumpkin import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform