Trinidad and Tobago: Pumpkin Market 2020

Pumpkin Market Size in Trinidad and Tobago

The revenue of the pumpkin market in Trinidad and Tobago amounted to $X in 2018, jumping by X% against the previous year. Overall, pumpkin consumption continues to indicate buoyant growth. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Trinidad and Tobago pumpkin consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Pumpkin Production in Trinidad and Tobago

In value terms, pumpkin production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated resilient growth from 2007 to 2018: 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 2018 figures, pumpkin production increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. Over the period under review, pumpkin production attained its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Average yield of pumpkin (squash and gourds) in Trinidad and Tobago amounted to X kg per X ha in 2018, increasing by X% against the previous year. In general, the yield indicated a resilient increase from 2007 to 2018: its figure 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 2018 figures, pumpkin yield increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2009 when yield increased by X% y-o-y. Over the period under review, the pumpkin yield attained its maximum level in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of pumpkin (squash and gourds) production in Trinidad and Tobago amounted to X ha, reducing by -X% against the previous year. Over the period under review, the pumpkin harvested area continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to pumpkin production attained its peak figure at X ha in 2008; however, from 2009 to 2018, harvested area remained at a lower figure.

Pumpkin Exports

Exports from Trinidad and Tobago

In 2018, the pumpkin exports from Trinidad and Tobago totaled X tons, going down by -X% against the previous year. Overall, pumpkin exports continue to indicate a dramatic reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Trinidad and Tobago exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, pumpkin exports totaled $X in 2018. Over the period under review, pumpkin exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Trinidad and Tobago exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Mexico (X tons) and Spain (X tons) were the largest exporters of pumpkin (squash and gourds)in the world, together reaching near X% of total exports. It was distantly followed by New Zealand (X tons), making up a X% share of total exports. The following exporters - the U.S. (X tons), Turkey (X tons), Morocco (X tons), Portugal (X tons), the Netherlands (X tons), France (X tons), China (X tons), Canada (X tons) and Italy (X tons) - 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, the largest pumpkin markets from Trinidad and Tobago were Mexico ($X), Spain ($X) and Morocco ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2018, the pumpkin export price in Trinidad and Tobago amounted to $X per ton, going down by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. Trinidad and Tobago export price peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while Portugal ($X per ton) 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 Trinidad and Tobago

In 2018, the pumpkin imports into Trinidad and Tobago totaled X tons, reducing by -X% against the previous year. Over the period under review, pumpkin imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2010 with a decrease of -X% y-o-y. Over the period under review, pumpkin imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, pumpkin imports amounted to $X in 2018. In general, pumpkin imports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Trinidad and Tobago imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. was the largest importer of pumpkin (squash and gourds) in the world, with the volume of imports recording X tons, which was near X% of total imports in 2018. It was distantly followed by France (X tons), Germany (X tons), the UK (X tons), Japan (X tons) and the Netherlands (X tons), together mixing up a X% share of total imports. Canada (X tons), Russia (X tons), Singapore (X tons), Belgium (X tons) and Italy (X tons) held a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to pumpkin imports into the U.S. stood at +X%. 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. ($X) constitutes the largest market for imported pumpkin (squash and gourds) into Trinidad and Tobago, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +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

The pumpkin import price in Trinidad and Tobago stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the pumpkin import price continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Trinidad and Tobago import price peaked in 2018 and is likely to continue its growth in the immediate term.

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

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Source: IndexBox Platform