Turkey - Figs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey’s Fig Exports Ramps Up in Tandem with Strong Growth in Production
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 tons, 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 ton 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 tons 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 tons 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 tons, 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 tons), the U.S. (13K tons) and France (10K tons) 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 ton, 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 ton. 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 ton), while the average price for exports to Mexico ($1,314 per ton) 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.
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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 2030.
Product coverage:
- FCL 569 - Figs
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
