Guyana: Pumpkin Market Overview 2020

Pumpkin Market Size in Guyana

The revenue of the pumpkin market in Guyana amounted to $X in 2018, going down by -X% against the previous year. In general, pumpkin consumption continues to indicate a deep reduction. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. In that year, the pumpkin market reached its peak level of $X. From 2011 to 2018, the growth of the pumpkin market failed to regain its momentum.

Pumpkin Production in Guyana

In value terms, pumpkin production totaled $X in 2018 estimated in export prices. In general, pumpkin production continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, pumpkin production attained its peak level of $X. From 2011 to 2018, pumpkin production growth failed to regain its momentum.

In 2018, the average yield of pumpkin (squash and gourds) in Guyana amounted to X kg per X ha, approximately equating the previous year. Over the period under review, the pumpkin yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, the pumpkin yield reached its maximum level at X kg per ha in 2010; however, from 2011 to 2018, 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.

Pumpkin harvested area in Guyana stood at X ha in 2018, declining by -X% against the previous year. Overall, the pumpkin harvested area continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, the pumpkin harvested area attained its peak level of X ha. From 2011 to 2018, the growth of the pumpkin harvested area remained at a somewhat lower figure.

Pumpkin Exports

Exports from Guyana

In 2018, the amount of pumpkin (squash and gourds) exported from Guyana stood at X tonnes, going down by -X% against the previous year. Over the period under review, pumpkin exports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Guyana exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pumpkin exports totaled $X in 2018. Over the period under review, pumpkin exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, pumpkin exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tonnes) and Spain (X tonnes) were the key exporters of pumpkin (squash and gourds) in 2018, recording approx. X% and X% of total exports, respectively. It was distantly followed by New Zealand (X tonnes), creating a X% share of total exports. 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) held a minor share 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, the largest pumpkin markets from Guyana were Mexico ($X), Spain ($X) and Morocco ($X), together accounting for X% of total exports.

Among the main exporting countries, Mexico experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The pumpkin export price in Guyana stood at $X per tonne in 2018, waning by -X% against the previous year. Over the period under review, the pumpkin export price continues to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Guyana export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

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 by Country

The U.S. represented the key importing country with an import of about X tonnes, which accounted for X% of total imports. France (X tonnes) took 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 little 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. ($X) constitutes the largest market for imported pumpkin (squash and gourds) into Guyana, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., pumpkin imports expanded at an average annual rate of +X% over the period from 2007-2018. 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 Guyana amounted to $X per tonne, approximately equating the previous year. Overall, the pumpkin import price continues to indicate a relatively flat trend pattern. Guyana import price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; 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