Pumpkin Market Overview in Azerbaijan
In value terms, pumpkin production surged to $ in 2019 estimated in export prices. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2009 when the production volume increased by % year-to-year. Over the period under review, production hit record highs in 2019 and is likely to see steady growth in the near future.
The average yield of pumpkin (squash and gourds) in Azerbaijan was estimated at tonnes per ha in 2019, with an increase of % on 2018. Overall, the yield indicated noticeable growth from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pumpkin yield increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. The pumpkin yield peaked in 2019 and is likely to continue growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the harvested area of pumpkin (squash and gourds) in Azerbaijan expanded sharply to ha, growing by % on the year before. Overall, the harvested area continues to indicate a buoyant increase. The growth pace was the most rapid in 2009 when the harvested area increased by % year-to-year. The pumpkin harvested area peaked at ha in 2010; however, from 2011 to 2019, the harvested area remained at a lower figure.
The revenue of the pumpkin market in Azerbaijan skyrocketed to $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a remarkable increase. The pace of growth appeared the most rapid in 2009 with an increase of % y-o-y. Pumpkin consumption peaked in 2019 and is likely to see gradual growth in the immediate term.