Asia-Pacific: Pumpkin Market 2025

Pumpkin Market Size in Asia-Pacific

The Asia-Pacific pumpkin market totaled $X in 2022, increasing by 2.2% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pumpkin Production in Asia-Pacific

In value terms, pumpkin production rose sharply to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 -5.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 45% against the previous year. Over the period under review, production attained the maximum level 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 84% share of total production. Indonesia, Pakistan, South Korea, the Philippines and Sri Lanka lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +7.9%), 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 shrank to X tons per ha, standing approx. at the previous year's figure. Over the period under review, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 0.9%. The level of yield peaked at X tons per ha in 2016; however, from 2017 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.

In 2022, approx. X ha of pumpkin (squash and gourds) were harvested in Asia-Pacific; approximately equating the previous year's figure. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 5.2%. The level of harvested area peaked at X ha in 2021, and then fell in the following year.

Pumpkin Exports

Exports in Asia-Pacific

In 2022, exports of pumpkin (squash and gourds) in Asia-Pacific shrank to X tons, falling by -1.6% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 24%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pumpkin exports amounted to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.7% against 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, New Zealand (X tons) was the major exporter of pumpkin (squash and gourds), constituting 59% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 13% share, followed by China (7.6%), Myanmar (6.6%) and India (6.5%). Bangladesh (X tons) followed a long way behind the leaders.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of pumpkin (squash and gourds). At the same time, Myanmar (+117.8%), Bangladesh (+29.8%) and India (+27.8%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +117.8% from 2012-2022. By contrast, Malaysia (-2.5%) and China (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, India and Bangladesh increased by +6.6, +6.5 and +1.7 percentage points, respectively.

In value terms, New Zealand ($X) remains the largest pumpkin supplier in Asia-Pacific, comprising 57% of total exports. The second position in the ranking was held by India ($X), with a 9.5% share of total exports. It was followed by China, with a 9.3% share.

In New Zealand, pumpkin exports expanded at an average annual rate of +1.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+48.7% per year) and China (+6.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2015 an increase of 8.8%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 (+16.4%), while the other leaders experienced more modest paces of growth.

Pumpkin Imports

Imports in Asia-Pacific

In 2022, the amount of pumpkin (squash and gourds) imported in Asia-Pacific dropped to X tons, with a decrease of -4.3% compared with 2021 figures. Over the period under review, imports recorded a slight setback. The most prominent rate of growth was recorded in 2015 when imports increased by 8.5% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, pumpkin imports fell to $X in 2022. Overall, imports saw a noticeable shrinkage. The growth pace was the most rapid in 2015 when imports increased by 7.3%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) represented the largest importer of pumpkin (squash and gourds), constituting 51% of total imports. Singapore (X tons) ranks second in terms of the total imports with a 21% share, followed by South Korea (12%) and China (8%). Taiwan (Chinese) (X tons) held a relatively small share of total imports.

Imports into Japan decreased at an average annual rate of -3.9% from 2012 to 2022. At the same time, China (+17.2%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +17.2% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, South Korea (-2.3%) illustrated a downward trend over the same period. While the share of China (+6.6 p.p.) and Singapore (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-13.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported pumpkin (squash and gourds) in Asia-Pacific, comprising 56% of total imports. The second position in the ranking was held by Singapore ($X), with a 19% share of total imports. It was followed by South Korea, with a 12% share.

In Japan, pumpkin imports decreased by an average annual rate of -5.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+3.1% per year) and South Korea (-3.0% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, declining by -5.6% against the previous year. Over the period under review, the import price saw a mild decline. The pace of growth was the most pronounced in 2017 when the import price increased by 7.7% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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