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EU - Figs - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jan 22, 2020

France and Germany Remain The Largest Markets for Imported Figs in the EU

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IndexBox has just published a new report: 'EU - Figs - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the fig market in the European Union amounted to $431M in 2018, rising by 5.6% 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). The market value increased at an average annual rate of +1.9% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the fig market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Consumption By Country in the EU

The countries with the highest volumes of fig consumption in 2018 were Spain (32K tonnes), France (18K tonnes) and Germany (13K tonnes), together accounting for 55% of total consumption. Italy, Greece, the UK, Austria, Portugal and Cyprus lagged somewhat behind, together accounting for a further 35%.

From 2007 to 2018, the most notable rate of growth in terms of fig consumption, amongst the main consuming countries, was attained by Austria, while fig consumption for the other leaders experienced more modest paces of growth.

In value terms, Spain ($111M), France ($61M) and Germany ($51M) appeared to be the countries with the highest levels of market value in 2018, together accounting for 51% of the total market. These countries were followed by Italy, Greece, the UK, Cyprus, Austria and Portugal, which together accounted for a further 38%.

In 2018, the highest levels of fig per capita consumption was registered in Cyprus (3,009 kg per 1000 persons), followed by Greece (751 kg per 1000 persons), Spain (684 kg per 1000 persons) and Austria (568 kg per 1000 persons), while the world average per capita consumption of fig was estimated at 228 kg per 1000 persons.

Market Forecast 2019-2025 in the EU

Driven by increasing demand for fig in the European Union, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.5% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 129K tonnes by the end of 2025.

Production in the EU

The fig production stood at 73K tonnes in 2018, stabilizing at the previous year. Over the period under review, fig production, however, continues to indicate a relatively flat trend pattern. 

Production By Country in the EU

Spain (38K tonnes) constituted the country with the largest volume of fig production, accounting for 52% of total volume. Moreover, fig production in Spain exceeded the figures recorded by the second-largest producer, Greece (13K tonnes), threefold. The third position in this ranking was occupied by Italy (11K tonnes), with a 15% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Spain stood at +3.5%. In the other countries, the average annual rates were as follows: Greece (-3.9% per year) and Italy (-4.0% per year).

Harvested Area and Yield in the EU

In 2018, the fig harvested area in the European Union stood at 24K ha, approximately equating the previous year. Overall, the fig harvested area continues to indicate a slight decrease. 

In 2018, the average yield of figs in the European Union amounted to 3 tonne per ha, rising by 1.7% against the previous year. Over the period under review, the fig yield continues to indicate a relatively flat trend pattern. 

Exports in the EU

The exports amounted to 28K tonnes in 2018, approximately mirroring the previous year. The total export volume increased at an average annual rate of +4.4% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of exports peaked in 2018 and are likely to continue its growth in the immediate term. In value terms, fig exports amounted to $117M (IndexBox estimates) in 2018. 

Exports by Country

The exports of the five major exporters of figs, namely Spain, Greece, the Netherlands, Germany and Italy, represented more than two-thirds of total export. It was distantly followed by France (1,995 tonnes), constituting a 7.1% share of total exports. Belgium (1,247 tonnes) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest fig markets in the European Union were Spain ($26M), the Netherlands ($21M) and Germany ($18M), with a combined 55% share of total exports.

Export Prices by Country

The fig export price in the European Union stood at $4,194 per tonne in 2018, picking up by 7.4% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.1%. 

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($5,523 per tonne), while Italy ($3,137 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 71K tonnes of figs were imported in the European Union; remaining constant against the previous year. The total import volume increased at an average annual rate of +2.6% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of imports peaked at 75K tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure. In value terms, fig imports amounted to $277M (IndexBox estimates) in 2018. 

Imports by Country

France (17K tonnes) and Germany (17K tonnes) represented roughly 47% of total imports of figs in 2018. The UK (7,521 tonnes) occupied an 11% share (based on tonnes) of total imports, which put it in second place, followed by Austria (7.3%), the Netherlands (6.4%) and Italy (6.1%). Belgium (2,932 tonnes), Poland (1,568 tonnes), Sweden (1,523 tonnes), Spain (1,423 tonnes), Portugal (1,246 tonnes) and Denmark (1,076 tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($64M), France ($56M) and the UK ($29M) constituted the countries with the highest levels of imports in 2018, with a combined 54% share of total imports. Austria, Italy, the Netherlands, Belgium, Sweden, Poland, Spain, Denmark and Portugal lagged somewhat behind, together accounting for a further 37%.

Import Prices by Country

The fig import price in the European Union stood at $3,875 per tonne in 2018, rising by 1.8% against the previous year. In general, the fig import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($4,903 per tonne), while Portugal ($3,073 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 569 - Figs

This report provides an in-depth analysis of the fig market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
• United Kingdom
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018

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