Bhutan: Pumpkin Market Overview 2020

Pumpkin Market Size in Bhutan

The revenue of the pumpkin market in Bhutan amounted to $X in 2018, approximately equating the previous year. Overall, pumpkin consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Bhutan pumpkin consumption peaked at $X in 2009; however, from 2010 to 2018, consumption stood at a somewhat lower figure.

Pumpkin Production in Bhutan

In value terms, pumpkin production totaled $X in 2018 estimated in export prices. Over the period under review, pumpkin production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when production volume increased by X% against the previous year. Bhutan pumpkin production peaked at $X in 2009; however, from 2010 to 2018, production failed to regain its momentum.

Average yield of pumpkin (squash and gourds) in Bhutan amounted to X kg per ha in 2018, going up by X% against the previous year. In general, the yield indicated a pronounced increase from 2007 to 2018: its figure 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 2018 figures, pumpkin yield increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2008 when yield increased by X% against the previous year. In that year, the pumpkin yield attained its peak level of X kg per ha. From 2009 to 2018, the growth of the pumpkin yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of pumpkin (squash and gourds) were harvested in Bhutan; reducing by -X% against the previous year. In general, the pumpkin harvested area continues to indicate a significant drop. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. In that year, the pumpkin harvested area reached its peak level of X ha. From 2010 to 2018, the growth of the pumpkin harvested area remained at a lower figure.

Pumpkin Exports

Exports by Country

Mexico (X tonnes) and Spain (X tonnes) represented roughly X% of total exports of pumpkin (squash and gourds) in 2018. It was distantly followed by New Zealand (X tonnes), creating a X% share of total exports. The following exporters - the U.S. (X tonnes), Turkey (X tonnes), Morocco (X tonnes), Portugal (X tonnes), the Netherlands (X tonnes), France (X tonnes), China (X tonnes), Canada (X tonnes) and Italy (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Spain ($X) and Morocco ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports.

Mexico experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pumpkin export price in Bhutan amounted to $X per tonne, stabilizing at the previous year. Over the period under review, the pumpkin export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for pumpkin (squash and gourds) reached their maximum at $X per tonne in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the export price figures.

Pumpkin Imports

Imports into Bhutan

Pumpkin imports into Bhutan amounted to X tonnes in 2018, coming down by -X% against the previous year. Over the period under review, pumpkin imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2008 with a decrease of -X% year-to-year. Over the period under review, pumpkin imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, pumpkin imports totaled $X in 2018. Over the period under review, pumpkin imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2010 with a decrease of -X% year-to-year. Over the period under review, pumpkin imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. represented the major importer of pumpkin (squash and gourds) in the world, with the volume of imports accounting for X tonnes, which was near X% of total imports in 2018. France (X tonnes) held an X% share (based on tonnes) of total imports, which put it in second place, followed by Germany (X%), the UK (X%), Japan (X%) and the Netherlands (X%). Canada (X tonnes), Russia (X tonnes), Singapore (X tonnes), Belgium (X tonnes) and Italy (X tonnes) held a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Russia (+X%), Germany (+X%), Canada (+X%), the UK (+X%), the Netherlands (+X%), France (+X%), Singapore (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%) and Belgium (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Germany (+X p.p.), France (+X p.p.), the UK (+X p.p.) and Russia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pumpkin (squash and gourds) into Bhutan, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: France (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the pumpkin import price in Bhutan amounted to $X per tonne, going down by -X% against the previous year. Over the period under review, the pumpkin import price continues to indicate a drastic slump. Over the period under review, the import prices for pumpkin (squash and gourds) attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per tonne), while Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform