Latvia: Pumpkin Market 2024

Pumpkin Market Size in Latvia

In 2022, the Latvian pumpkin market decreased by -0.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -6.6% against 2020 indices. Pumpkin consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Pumpkin Production in Latvia

In value terms, pumpkin production expanded sharply to $X in 2022 estimated in export price. Overall, production posted a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of 71%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of pumpkin (squash and gourds) in Latvia surged to X tons per ha in 2022, picking up by 23% on the previous year's figure. Overall, the yield, however, showed a slight decrease. The growth pace was the most rapid in 2018 with an increase of 78% against the previous year. Over the period under review, the average pumpkin yield attained the peak level at X tons per ha in 2013; however, from 2014 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.

The pumpkin harvested area in Latvia totaled X ha in 2022, standing approx. at the previous year. Overall, the harvested area posted a moderate expansion. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 72%. The pumpkin harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Pumpkin Exports

Exports from Latvia

In 2022, the amount of pumpkin (squash and gourds) exported from Latvia rose markedly to X tons, picking up by 9.6% on the previous year's figure. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 96% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pumpkin exports rose significantly to $X in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 142%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Estonia (X tons) was the main destination for pumpkin exports from Latvia, with a 68% share of total exports. Moreover, pumpkin exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to +22.1%.

In value terms, Estonia ($X) and Lithuania ($X) were the largest markets for pumpkin exported from Latvia worldwide.

Among the main countries of destination, Lithuania, with a CAGR of +34.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average pumpkin export price amounted to $X per ton, picking up by 2.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Estonia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.9%).

Pumpkin Imports

Imports into Latvia

After ten years of growth, supplies from abroad of pumpkin (squash and gourds) decreased by -14.3% to X tons in 2022. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 98% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, pumpkin imports reduced modestly to $X in 2022. Overall, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 55% against the previous year. Imports peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

Turkey (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of pumpkin imports to Latvia, with a combined 72% share of total imports. Albania, Germany, Poland and Lithuania lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +73.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Turkey ($X) and the Netherlands ($X) appeared to be the largest pumpkin suppliers to Latvia, with a combined 72% share of total imports. Germany, Albania, Poland and Lithuania lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Albania, with a CAGR of +72.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pumpkin import price amounted to $X per ton, jumping by 15% against the previous year. In general, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform