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Turkey - Figs - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jul 28, 2021

Turkey’s Fig Exports Ramps Up in Tandem with Strong Growth in Production

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

Fig production in Turkey continues to increase robustly, enjoying strong foreign and domestic demand. In 2020, fig exports from Turkey also hit record highs of near 89K tonnes, picking up by 5% against the previous year. The country continues to dominate fig supplies worldwide, with a share of over 50% in terms of global exports. Europe, North America and China constitute major external markets for Turkish figs. Given the increased production, the average fig export price in Turkey declined slightly to $3,280 per tonne in 2020.

Production in Turkey

For the ninth consecutive year, Turkey recorded growth in the production of figs, which increased by 3.3% to near 320K tonnes in 2020. The total output volume increased at an average annual rate of +1.9% over the period from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, production attained the maximum volume in 2020 and is expected to retain growth in years to come. In value terms, fig production expanded modestly to $1.1B in 2020 estimated at export prices.

The increase in production was largely shaped by both a sharp increase in exports, as well as the slight increase in the domestic market. Turkey remains the top supplier of figs worldwide, with a share of over 50% in terms of global exports. From the supply side, the increase in production became feasible due to a slight expansion of the harvested area and a modest increase in yield figures. 

Harvested Area and Yield in Turkey

In 2020, approx. 53K ha of figs were harvested in Turkey, stabilizing against the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 2.1% year-to-year. 

In 2020, the average fig yield in Turkey rose modestly to near 6 tonnes per ha, surging by 3.1% in 2019. The yield figure increased at an average annual rate of +1.2% from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period.

Exports from Turkey

In 2020, the amount of figs exported from Turkey was estimated at 89K tonnes, picking up by 5% against 2019 figures. The total export volume increased at an average annual rate of +4.3% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term. In value terms, fig exports rose modestly to $294M (IndexBox estimates) in 2020. 

Exports by Country

Germany (15K tonnes), the U.S. (13K tonnes) and France (10K tonnes) were the main destinations of fig exports from Turkey, together comprising 43% of total exports. These countries were followed by the UK, the Netherlands, Russia, Belarus, Italy, Switzerland, Mexico, China, Austria and Canada, which together accounted for a further 33%.

From 2012 to 2020, the biggest increases were in Mexico (+82.4% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($55M), France ($40M) and the U.S. ($36M) were the largest markets for fig exported from Turkey worldwide, with a combined 44% share of total exports. The UK, the Netherlands, Switzerland, Italy, Canada, Russia, Austria, Belarus, China and Mexico lagged somewhat behind, together comprising a further 30%.

Mexico (+58.1% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average fig export price amounted to $3,280 per tonne, shrinking by -2.7% against the previous year. Increased production of figs was a factor that enabled to improve fig availability and relax the price. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21% y-o-y. As a result, the export price reached the peak level of $3,820 per tonne. From 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Switzerland ($4,740 per tonne), while the average price for exports to Mexico ($1,314 per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• FCL 569 - Figs

This report provides an in-depth analysis of the fig market in Turkey. 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 2025.


Country coverage:
• Turkey

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Turkey
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007-2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2020
Figure 5:
Trade Balance, In Physical Terms, 2007-2020
Figure 6:
Trade Balance, In Value Terms, 2007-2020
Figure 7:
Per Capita Consumption, 2007-2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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