New data from World’s Top Exports shows that Spain and Mexico dominate the global pumpkin market in 2024, together accounting for more than 64% of worldwide pumpkin exports.

With international demand rising for year-round cooking, health foods, and processed pumpkin products, the industry has become more important to farmers and exporters across Europe, North America, Africa, and Oceania.

According to the 2024 export rankings, Spain leads the world with 32.8% of global pumpkin exports, valued at about $574 million. Mexico follows closely with 32%, earning $559 million.

The large market share held by both countries reflects their strong agricultural infrastructure, export-oriented farming, and access to major global markets.

The rest of the top exporters include:

How global events are shaping the pumpkin market

Climate change is shifting growing seasons

Farmers across Europe and North America are adjusting planting cycles due to unpredictable rainfall, heat waves, and changing soil conditions. Some regions in Spain and Mexico have benefited from longer warm seasons, allowing for stronger yields.

Food security continues to be a global priority

With conflicts disrupting trade routes , such as the ongoing Russia-Ukraine war, countries are looking toward more stable and diverse agricultural suppliers. Pumpkins, being versatile and widely cultivated, fit into this wider push to secure reliable food imports.

Rising global celebrations and food trends

Pumpkin has become more than a seasonal item . From soups and baked goods to the globally popular “pumpkin spice” trend, food producers are buying more pumpkin for processing and export. This helps keep demand strong throughout the year.

The United States leads the list with imports worth $3.82 trillion, followed by China at $2.79 trillion. Germany takes third with $1.57 trillion, while the United Kingdom and India follow at $975 billion and $892 billion, respectively. France imports $830 billion, Japan $784 billion, Italy $743 billion, Canada $719 billion, and the Netherlands rounds out the top ten with $713 billion.

These numbers tell the story of how economies interact. The U.S., for example, drives global demand through consumer spending, while China’s imports are increasingly tied to industrial inputs for its vast manufacturing sector.

Germany and the Netherlands act as European trade hubs, importing raw materials and components that feed into exports. For India, rising imports reflect its fast-growing economy and hunger for energy and technology.

But this surge in imports comes at a sensitive time for the global economy. The IMF’s July 2025 outlook projects global growth at 3.0%, citing a modest recovery from supply-chain disruptions but warning that trade tensions and protectionism remain significant risks.

The World Bank has also warned that escalating trade wars could weigh on two-thirds of developing economies, eroding growth prospects.

Markets are already feeling the ripple effects. Investor optimism in the U.S. has surged following a recent Federal Reserve rate cut of 25 basis points, driving capital back into equities and boosting risk appetite worldwide.

At the same time, researchers warn that prolonged tariff regimes could gradually weaken the dollar’s dominance as the global reserve currency — a shift that would fundamentally reshape trade dynamics.