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

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Article Publishing Date: Jun 19, 2019

Global Fig Market 2019 - Key Insights

 

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

The global fig market revenue amounted to $4.5B in 2017, going up by 33% 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 +5.8% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017, when it surged by 33% against the previous year. In that year, the global fig market reached its peak level, and is likely to continue its growth in the immediate term.

Production 2007-2017

Global fig production totaled 1.2M tonnes in 2017, surging by 8.3% against the previous year. The total output volume increased at an average annual rate of +1.3% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period.

Fig Exports

In 2017, the amount of figs exported worldwide stood at 139K tonnes, increasing by 12% against the previous year. Overall, the total exports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +5.0% over the last decade. Based on 2017 figures, the fig exports increased by +14.2% against 2015 indices.

In value terms, fig exports stood at $572M (IndexBox estimates) in 2017.

Exports by Country

Turkey prevails in fig exports structure, recording 79K tonnes, which was approx. 57% of total exports in 2017. It was distantly followed by Afghanistan (13K tonnes) and Spain (7.5K tonnes), together achieving 15% share of total exports. The U.S. (4.5K tonnes), Greece (4.5K tonnes), the Netherlands (3.8K tonnes), Italy (3.4K tonnes), Austria (3.2K tonnes) and Germany (3.2K tonnes) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +5.2% from 2007 to 2017. At the same time, Afghanistan (+14.9%), Austria (+13.5%), Greece (+10.2%), Italy (+8.5%), Spain (+4.7%), Germany (+4.5%), the U.S. (+4.0%) and the Netherlands (+2.8%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest growing exporter in the world, with a CAGR of +14.9% from 2007-2017. While the share of Austria (-1.7%), Spain (-2%), Greece (-2%), Afghanistan (-7.2%) and Turkey (-22.8%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($299M) remains the largest fig supplier worldwide, comprising 52% of global exports. The second position in the ranking was occupied by Afghanistan ($101M), with a 18% share of global exports. It was followed by the Netherlands, with a 3.4% share.

Export Prices by Country

The average fig export price stood at $4.1 per kg in 2017, rising by 13% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +1.7%.

Export prices varied noticeably by the country of destination; the country with the highest export price was Afghanistan ($7.6 per kg), while Spain ($2.2 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Spain (+2.3% per year), while the other global leaders experienced more modest paces of growth.

Fig Imports

In 2017, approx. 127K tonnes of figs were imported worldwide; shrinking by -5.7% against the previous year. The total import volume increased at an average annual rate of +3.1% over the period from 2007 to 2017. Over the period under review, global fig imports reached their maximum at 135K tonnes in 2016, and then declined slightly in the following year.

In value terms, fig imports totaled $499M (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +4.5% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global fig imports attained their peak figure in 2017, and are expected to retain its growth in the near future.

Imports by Country

Germany (17K tonnes) and France (17K tonnes) were the main importers of figs in 2017, accounting for approx. 13% and 13% of total imports, respectively. The U.S. (8.9K tonnes) took a 7% share (based on tonnes) of total imports, which put it in second place, followed by the UK (6.4%). The following importers - Austria (5.1K tonnes), Italy (4.8K tonnes), the Netherlands (4.5K tonnes), Canada (4.4K tonnes), Russia (4.3K tonnes), Switzerland (3.7K tonnes), Belgium (3K tonnes) and Belarus (2.7K tonnes) together made up 25% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belarus (+38.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest fig markets worldwide were Germany ($65M), France ($58M) and the U.S. ($42M), together comprising 33% of global imports. The UK, Italy, Canada, Austria, the Netherlands, Switzerland, Belgium, Russia and Belarus lagged somewhat behind, together comprising a further 31%.

Import Prices by Country

The average fig import price stood at $3.9 per kg in 2017, going up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2008, when the average import price increased by 25% against the previous year. In that year, the average import prices for figs reached their peak level of $4.3 per kg. From 2009 to 2017, the growth in terms of the average import prices for figs failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Switzerland ($5.2 per kg), while Belarus ($1.5 per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+9.8% per year), while the other global 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 global fig market. 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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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 2025
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. GLOBAL 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. GLOBAL 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. GLOBAL 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

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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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