Barbados: Pumpkin Market 2020

Pumpkin Market Size in Barbados

The revenue of the pumpkin market in Barbados amounted to $X in 2018, leveling off at the previous year. Overall, pumpkin consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, the pumpkin market reached its peak level of $X. From 2014 to 2018, the growth of the pumpkin market remained at a lower figure.

Pumpkin Production in Barbados

In value terms, pumpkin production totaled $X in 2018 estimated in export prices. Overall, 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% y-o-y. In that year, pumpkin production reached its peak level of $X. From 2014 to 2018, pumpkin production growth failed to regain its momentum.

Average yield of pumpkin (squash and gourds) in Barbados stood at X kg per X ha in 2018, shrinking by -X% against the previous year. In general, the pumpkin yield continues to indicate a deep slump. The pace of growth appeared the most rapid in 2009 when yield increased by X% against the previous year. Over the period under review, the pumpkin yield reached its peak figure level at X kg per X ha in 2007; however, from 2008 to 2018, 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 2018, the pumpkin harvested area in Barbados stood at X ha, picking up by X% against the previous year. Overall, the total harvested area indicated a buoyant expansion 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 harvested area increased by +X% against 2013 indices. The growth pace was the most rapid in 2010 when harvested area increased by X% y-o-y. The global pumpkin harvested area peaked in 2018 and is likely to see steady growth in the near future.

Pumpkin Exports

Exports by Country

In 2018, Mexico (X tons) and Spain (X tons) were the main exporters of pumpkin (squash and gourds)in the world, together resulting at approx. X% of total exports. It was distantly followed by New Zealand (X tons), generating a X% share of total exports. 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) 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 Barbados were Mexico ($X), Spain ($X) and Morocco ($X), together accounting for X% of total exports.

Mexico experienced the highest rates of growth with regard to 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 Barbados amounted to $X per ton, approximately reflecting the previous year. Overall, 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) attained their maximum at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Barbados

In 2018, approx. X tons of pumpkin (squash and gourds) were imported into Barbados; surging by X% against the previous year. Over the period under review, pumpkin imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, pumpkin imports reached their peak figure at X tons in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, pumpkin imports amounted to $X in 2018. Overall, pumpkin imports, however, continue to indicate a sharp drop. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, pumpkin imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. was the key importer of pumpkin (squash and gourds) in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. France (X tons) ranks second in terms of the total imports with a X% share, followed by Germany (X%), the UK (X%), Japan (X%) and the Netherlands (X%). Canada (X tons), Russia (X tons), Singapore (X tons), Belgium (X tons) and Italy (X tons) took 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. From 2007 to 2018, the share of the U.S., Germany, France, the UK and Russia increased by +X%, +X%, +X%, +X% and +X% percentage points, while Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

The pumpkin import price in Barbados stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the pumpkin import price continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Barbados import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; 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.

Source: IndexBox Platform