Eastern Asia: Pumpkin Market 2025

Pumpkin Market Size in Eastern Asia

The East Asian pumpkin market stood at $X in 2022, approximately mirroring the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -4.6% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Pumpkin Production in Eastern Asia

In value terms, pumpkin production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 79%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

China (X tons) remains the largest pumpkin producing country in Eastern Asia, comprising approx. 92% of total volume. Moreover, pumpkin production in China exceeded the figures recorded by the second-largest producer, South Korea (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: South Korea (+0.1% per year) and Japan (-2.1% per year).

The average pumpkin yield stood at X tons per ha in 2022, remaining constant against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 0.5%. Over the period under review, the pumpkin yield hit record highs at X tons per ha in 2015; however, from 2016 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 contracted to X ha in 2022, remaining constant against the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 5.5% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the pumpkin harvested area failed to regain momentum.

Pumpkin Exports

Exports in Eastern Asia

In 2022, pumpkin exports in Eastern Asia reduced remarkably to X tons, with a decrease of -57.7% on 2021 figures. Over the period under review, exports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 with an increase of 63%. The volume of export peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, pumpkin exports reduced remarkably to $X in 2022. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 68%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 86% of total exports in 2022. It was distantly followed by Japan (X tons), creating a 6.9% share of total exports. South Korea (X tons) and Macao SAR (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -5.5% from 2012 to 2022. At the same time, Macao SAR (+31.0%) and Japan (+10.5%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +31.0% from 2012-2022. By contrast, South Korea (-7.2%) illustrated a downward trend over the same period. While the share of Japan (+5.3 p.p.) and Macao SAR (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pumpkin supplier in Eastern Asia, comprising 76% of total exports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total exports. It was followed by Japan, with a 9.4% share.

In China, pumpkin exports expanded at an average annual rate of +6.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-0.5% per year) and Japan (+8.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 26% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2016 an increase of 48%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the other leaders experienced mixed trends in the export price figures.

Pumpkin Imports

Imports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded decline in overseas purchases of pumpkin (squash and gourds), which decreased by -3.5% to X tons in 2022. In general, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pumpkin imports reduced to $X in 2022. Over the period under review, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2015 when imports increased by 9.9%. Over the period under review, imports hit record highs 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), mixing up 68% of total imports. South Korea (X tons) held the second position in the ranking, followed by China (X tons). All these countries together took approx. 27% share of total imports. The following importers - Taiwan (Chinese) (X tons), Macao SAR (X tons) and Hong Kong SAR (X tons) - together made up 6% 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%), Macao SAR (+10.8%), Hong Kong SAR (+4.3%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +17.2% from 2012-2022. By contrast, South Korea (-2.3%) illustrated a downward trend over the same period. While the share of China (+8.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-11.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported pumpkin (squash and gourds) in Eastern Asia, comprising 73% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Hong Kong SAR, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at -5.1%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-3.0% per year) and Hong Kong SAR (+6.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by -8.7% against the previous year. In general, the import price saw a slight curtailment. The pace of growth was the most pronounced in 2014 when the import price increased by 8.9% against the previous year. Over the period under review, import prices attained the peak figure 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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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