Squash Prices

Squash Prices December 2023

In the fourth quarter of 2023, the price of squash in the United States reached 0.42 USD/lb by December.

Squash Price Trend, Market Analysis, and News

IMARC's latest publication, “Squash Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the squash market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of squash at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed squash price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting squash pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Squash Market Analysis

• The rising health and wellness trend is escalating the demand for squash as consumers are increasingly learning about its nutritional profile. According to a research article published in the journal Food Research International, squash is a good source of bioactive components that play a beneficial role in human health. It is known to contain vitamin C, phenolic compounds, lutein, dietary fiber, minerals, and alpha and beta-carotene. In addition, as per an article from Cleveland Clinic, squash is rich in fiber and low in carbs and calories. It offers antioxidants that can aid in prevention of heart ailments and cancer. It is also rich in calcium that is essential to keep bones and teeth healthy. Furthermore, it is rich in magnesium, iron, and potassium. This trend is anticipated to boost squash consumption, especially among health-conscious populations.
• The intensifying shift towards non-GMO and organic crops substantially drives the global squash market as it can be cultivated organically. According to a news article from Food Business News, the U.S. organic food market sales reached USD 69.7 billion in 2023, with an increase of 3.4% in comparison to 2022. This reflects a significant growth in organic food trend that will profit the organic squash market. According to a research article published in the journal Food Research International, squash that is grown organically contains higher amount of manganese, sodium, essential amino acids, potassium, zinc, and magnesium than conventionally grown ones.
• Moreover, export opportunities play a crucial role in global squash market dynamics. Exporting in large amounts aid in market expansion and diversification of the consumer base. In addition, supply and demand are balanced when prices are stabilized due to exposure to international markets. According to the reports of OEC, Spain was the top exporter of squash in 2022 with USD 521 million followed by Mexico with USD 501 million, while United States was the top importer with USD 479 million.
• Furthermore, with the rapid increase in population, the global demand for squash is escalating which can’t be sustained with conventional farming methods. Consequently, technological advancements in farming and breeding methods serve a significant role in meeting this propelling demand. Such advancements also facilitate the nutritional profile improvement of squash. According to a research article published in the Journal of Advances in Biology and Biotechnology, various revolutionary technologies can be used in breeding horticulture crops, including squash. These technologies encompass remote sensing for pest and disease management, hydroponics systems, robotics for fruit harvesting, computer vision, artificial intelligence in harvesting and yield forecast, and blockchain technology. Furthermore, potassium and moisture deficiency are two of the prime reasons that adversely affect squash yield. Therefore, various new technologies are innovated to tackle this issue. According to a research article published in the journal Horticulturae, a fast, accurate, and robust technique is developed to substitute traditional point-sampling method for forecasting squash traits in spring and fall crops with different potassium and moisture rates. This advanced technique involves use of a machine learning model and remote sensing based on optimized three-band spectral indices.

Squash News

The report covers the latest developments, updates, and trends impacting the price of squash, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the squash price trend.

Latest developments in the squash industry:

• In February 2024, Syngenta Vegetable Seeds inaugurated a state-of-the-art global breeding innovation center. This new facility will concentrate on developing enhanced vegetable varieties, including squash, utilizing advanced breeding techniques. The center aims to foster innovation and address the increasing demand for high-quality, sustainable produce. By investing in this cutting-edge facility, Syngenta is establishing itself as a leader in the vegetable seed industry, striving to provide superior solutions for farmers and consumers.
• In April 2024, GrubMarket acquired Global Produce, a fresh produce company based in Cape Town. Global Produce, founded in 2013 by Rutger Van Wulfen, sources and distributes a diverse array of fruits, including grapes, citrus, apples, blueberries, and squash, to 44 countries. The company supports local farmers through vertical integration and direct market connections. This acquisition will broaden GrubMarket's global presence and enhance its fresh produce offerings.
• In November 2023, Syngenta, an agricultural technology company, launched ToLCNDV Information Centre for squash, melon, and cucumber cultivators. This Centre will provide crucial details about resistant crop varieties and agronomic insights to target the pest Tomato Leaf Curl New Delhi Virus.

Product Description

Squash is a versatile crop that is principally cultivated for its edible fruit. It belongs to the Cucurbitaceae family and is a significant crop from economic perspective. Squash originated in Mexico and Central America as a wild plant and includes numerous species with different agricultural and culinary characteristics, such as Cucurbita moschata, Cucurbita pepo, etc. This plant demonstrates a spectrum of growth patterns, from bush types to vines, and yields fruits that widely differ in texture, shape, color, and size. Squash can be classified into winter and summer squash crop on the basis of its storage properties and harvest time. Winter squash, such as acorn and butternut, is suitable for long-term storage and is harvested when mature, whereas summer squash, like zucchini, is harvested when it has tender skin and is still immature.

Squash is known to be a nutritional fruit rich in antioxidants, fiber, and certain vitamins like A and C. It requires adequate sunlight, pest management, well-drained soil, and routine watering for cultivation and good yield. Squash holds a significant place in global market due to its excellent climate adaptability, edible flowers and seeds, and higher productivity.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the squash price trend. 

Global Squash Price

The report offers a holistic view of the global squash pricing trends in the form of squash price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of squash, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed squash demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Squash Price

European squash prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for squash can also be provided for an extensive list of European countries.

North America Squash Price

The analysis of squash prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific squash historical data within the United States and Canada can also be provided.

Middle East and Africa Squash Price

The report explores the squash pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Squash Price

The squash pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This squash price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Squash Price

The analysis of squash prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of squash pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting squash price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The squash price charts ensure our clients remain at the forefront of the industry.