Latvia: Pumpkin Market 2024

Pumpkin Market Size in Latvia

The Latvian pumpkin market amounted to $X in 2022, almost unchanged from the previous year. Over the period under review, the total consumption indicated temperate growth 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, consumption decreased by X% against 2020 indices. Pumpkin consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Pumpkin Production in Latvia

In value terms, pumpkin production stood at $X in 2022 estimated in export price. In general, production continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Pumpkin production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of pumpkin (squash and gourds) in Latvia expanded notably to X tons per ha in 2022, increasing by X% against the year before. In general, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X%. The pumpkin yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pumpkin harvested area in Latvia rose sharply to X ha in 2022, growing by X% against the previous year. Over the period under review, the harvested area recorded a moderate expansion. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. The pumpkin harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Pumpkin Exports

Exports from Latvia

In 2022, exports of pumpkin (squash and gourds) from Latvia rose notably to X tons, surging by X% on the previous year. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, pumpkin exports rose notably to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Estonia (X tons) was the main destination for pumpkin exports from Latvia, accounting for a X% share of total exports. Moreover, pumpkin exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled X%.

In value terms, the largest markets for pumpkin exported from Latvia were Estonia ($X) and Lithuania ($X).

Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average pumpkin export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%).

Pumpkin Imports

Imports into Latvia

After ten years of growth, supplies from abroad of pumpkin (squash and gourds) decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, pumpkin imports dropped to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Turkey (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of pumpkin imports to Latvia, with a combined X% share of total imports. Albania, Germany, Poland and Lithuania lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest pumpkin suppliers to Latvia were Spain ($X), Turkey ($X) and the Netherlands ($X), with a combined X% share of total imports. Germany, Albania, Poland and Lithuania lagged somewhat behind, together accounting for a further X%.

Albania, with a CAGR of X%, recorded 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 2022, the average pumpkin import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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