Ecuador: Pumpkin Market 2024

Pumpkin Market Size in Ecuador

The Ecuadorian pumpkin market expanded rapidly to $X in 2022, increasing by 9.9% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pumpkin Production in Ecuador

In value terms, pumpkin production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 109%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average yield of pumpkin (squash and gourds) in Ecuador reached X tons per ha, approximately reflecting the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 12% against the previous year. Over the period under review, the average pumpkin yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 Ecuador; flattening at the previous year. Over the period under review, the harvested area recorded a mild curtailment. The pace of growth was the most pronounced in 2016 when the harvested area increased by 7.5%. The pumpkin harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Pumpkin Exports

Exports from Ecuador

In 2022, shipments abroad of pumpkin (squash and gourds) was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a precipitous slump. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, pumpkin exports soared to $X in 2022. Overall, exports, however, faced a abrupt curtailment. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for pumpkin exports from Ecuador, accounting for a 66% share of total exports. Moreover, pumpkin exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled -24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-16.5% per year) and the United States (+17.6% per year).

In value terms, Spain ($X) remains the key foreign market for pumpkin (squash and gourds) exports from Ecuador, comprising 56% of total exports. The second position in the ranking was held by the UK ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-11.1% per year) and the United States (+5.1% per year).

Export Prices by Country

The average pumpkin export price stood at $X per ton in 2022, reducing by -28% against the previous year. Overall, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2020 an increase of 114%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pumpkin Imports

Imports into Ecuador

In 2022, after two years of decline, there was decline in purchases abroad of pumpkin (squash and gourds), when their volume decreased by 0% to X tons. In general, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 538% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, pumpkin imports totaled $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 228% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main pumpkin supplier to Ecuador, accounting for a approx. 100% share of total imports.

From 2016 to 2022, the average annual rate of growth in terms of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of pumpkin (squash and gourds) to Ecuador.

From 2016 to 2022, the average annual rate of growth in terms of value from Brazil was relatively modest.

Import Prices by Country

The average pumpkin import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2016 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +32.0% per year.

Source: IndexBox Platform

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