Asia-Pacific: Pumpkin Market 2024

Pumpkin Market Size in Asia-Pacific

The Asia-Pacific pumpkin market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pumpkin Production in Asia-Pacific

In value terms, pumpkin production rose notably to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Bangladesh (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of pumpkin (squash and gourds) in Asia-Pacific fell modestly to X tons per ha, approximately reflecting the previous year. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the 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 2022, approx. X ha of pumpkin (squash and gourds) were harvested in Asia-Pacific; stabilizing at the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Pumpkin Exports

Exports in Asia-Pacific

In 2022, after four years of growth, there was significant decline in shipments abroad of pumpkin (squash and gourds), when their volume decreased by X% to X tons. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, pumpkin exports declined rapidly to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

New Zealand represented the main exporting country with an export of around X tons, which recorded X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (X%), India (X%) and Malaysia (X%). The following exporters - Bangladesh (X tons) and Australia (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pumpkin exports from New Zealand stood at X%. At the same time, Myanmar (X%), Bangladesh (X%), India (X%), Malaysia (X%) and Australia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), India (X p.p.), Malaysia (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) and New Zealand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest pumpkin supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by China, with a X% share.

In New Zealand, pumpkin exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Pumpkin Imports

Imports in Asia-Pacific

In 2022, overseas purchases of pumpkin (squash and gourds) decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, pumpkin imports shrank to $X in 2022. In general, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the largest importing country with an import of about X tons, which resulted at X% of total imports. Singapore (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and China (X tons). All these countries together took near X% share of total imports. Maldives (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pumpkin imports into Japan stood at X%. At the same time, Maldives (X%) and China (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. China (X p.p.), Maldives (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported pumpkin (squash and gourds) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a mild decrease. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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