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World - Figs - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jun 24, 2020

Global Fig Market Posts Solid Gains

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

Exports 2007-2019

In 2019, shipments abroad of figs increased by 4% to 130K tonnes, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.6% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of 13% year-to-year. Over the period under review, global exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, fig exports shrank to $467M (IndexBox estimates) in 2019. The total export value increased at an average annual rate of +3.9% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Exports by Country

Turkey dominates fig exports structure, amounting to 85K tonnes, which was near 65% of total exports in 2019. It was distantly followed by Spain (7.6K tonnes), making up a 5.8% share of total exports. Germany (3.8K tonnes), the Netherlands (3.8K tonnes), Syrian Arab Republic (3.7K tonnes), Greece (3.6K tonnes), the U.S. (2.3K tonnes), France (2K tonnes) and Iran (2K tonnes) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to fig exports from Turkey stood at +5.0%. At the same time, Greece (+6.5%), Germany (+5.3%), Spain (+3.9%), Syrian Arab Republic (+3.7%) and the Netherlands (+2.3%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.5% from 2007-2019. France experienced a relatively flat trend pattern. By contrast, the U.S. (-2.3%) and Iran (-7.0%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Turkey and Spain increased by +29% and +2.2% percentage points, while Iran (-2.1 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($287M) remains the largest fig supplier worldwide, comprising 61% of global exports. The second position in the ranking was occupied by the Netherlands ($21M), with a 4.5% share of global exports. It was followed by Spain, with a 4.4% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Turkey totaled +4.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+3.2% per year) and Spain (+7.7% per year).

Export Prices by Country

The average fig export price stood at $3,591 per tonne in 2019, dropping by -6.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of 20% year-to-year. As a result, export price attained the peak level of $4,138 per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($5,855 per tonne), while Iran ($2,269 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic, while the other global leaders experienced more modest paces of growth.

Imports 2007-2019

Global fig imports rose notably to 162K tonnes in 2019, surging by 10% compared with the previous year's figure. In general, total imports indicated a tangible expansion from 2007 to 2019: its volume increased at an average annual rate of +4.7% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +25.8% against 2017 indices. Global imports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, fig imports rose sharply to $603M (IndexBox estimates) in 2019. Overall, total imports indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +4.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global imports hit record highs in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, India (27K tonnes), followed by Germany (18K tonnes), France (15K tonnes), the U.S. (12K tonnes) and the UK (7.5K tonnes) were the key importers of figs, together making up 49% of total imports. The following importers - Russia (5.6K tonnes), Austria (5.5K tonnes), Italy (5.2K tonnes), the Netherlands (4.7K tonnes), Canada (4.1K tonnes), Viet Nam (3.6K tonnes) and Switzerland (3.6K tonnes) - together made up 20% of total imports.

From 2007 to 2019, the biggest increases were in India, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, India ($96M), Germany ($63M) and France ($57M) appeared to be the countries with the highest levels of imports in 2019, together accounting for 36% of global imports. These countries were followed by the U.S., the UK, Austria, Canada, Italy, the Netherlands, Switzerland, Viet Nam and Russia, which together accounted for a further 33%.

Viet Nam saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average fig import price stood at $3,725 per tonne in 2019, waning by -4.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of 24% against the previous year. As a result, import price reached the peak level of $4,294 per tonne. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Canada ($5,675 per tonne), while Russia ($1,529 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., 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:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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. 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 2007–2019
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 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007-2019
Table 7:
Yield, By Country, 2007-2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
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, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007-2019
Figure 25:
Yield, By Country, 2007-2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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