China - Figs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFig Price in China - 2023
Contents:
- Fig Price in China (CIF) - 2023
- Fig Price in China (FOB) - 2022
- Fig Imports in China
- Fig Exports in China
Fig Price in China (CIF) - 2023
In June 2023, the average fig import price amounted to $1,485 per ton, falling by -2.3% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 13% month-to-month. As a result, import price attained the peak level of $1,531 per ton; afterwards, it flattened through to June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Turkey ($1,565 per ton), while the price for Iran totaled $1,417 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%).
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Fig Price in China (FOB) - 2022
In 2022, the average fig export price amounted to $6,108 per ton, jumping by 31% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $7,637 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($26,362 per ton), while the average price for exports to Russia ($2,294 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Fig Imports in China
Fig imports into China soared to 15K tons in 2022, increasing by 30% on 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 202% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, fig imports soared to $21M in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 172% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fig in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 0.4 | 2.2 | 10.7 | 16.4 | 244.8% |
| Turkey | 3.6 | 3.6 | 5.5 | 4.8 | 10.1% |
| Others | 0.3 | 0.3 | 0.1 | N/A | -42.3% |
| Total | 4.3 | 6.0 | 16.3 | 21.2 | 70.2% |
Top Suppliers of Fig to China in 2022:
- Iran (11.5K tons)
- Turkey (3.1K tons)
Fig Exports in China
In 2022, shipments abroad of figs decreased by -35.2% to 118 tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded noticeable growth. The pace of growth appeared the most rapid in 2020 when exports increased by 107%. As a result, the exports attained the peak of 221 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, fig exports declined sharply to $720K in 2022. In general, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -37.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 84% against the previous year. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Fig in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 182 | 235 | 424 | 175 | -1.3% |
| South Korea | 7.6 | N/A | 9.4 | 94.7 | 131.8% |
| Vietnam | 3.4 | 11.1 | 29.4 | 93.8 | 202.2% |
| Slovakia | 3.0 | 12.3 | 48.3 | 44.1 | 145.0% |
| Singapore | 28.9 | 63.0 | 52.4 | 28.5 | -0.5% |
| Australia | 4.4 | 24.0 | 5.2 | 25.6 | 79.9% |
| Canada | 11.2 | 5.3 | 13.5 | 8.7 | -8.1% |
| Hong Kong SAR | 285 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 83.1 | N/A | N/A | N/A | 0% |
| Others | 20.4 | 806 | 267 | 249 | 130.2% |
| Total | 629 | 1,157 | 850 | 720 | 4.6% |
Top Export Markets for Fig from China in 2022:
- Malaysia (24.3 tons)
- Vietnam (12.0 tons)
- South Korea (8.0 tons)
- Singapore (3.7 tons)
- Australia (2.7 tons)
- Slovakia (1.7 tons)
- Canada (1.3 tons)
This report provides an in-depth analysis of the fig market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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In February 2023, the fig price was $1,415 per ton (CIF, China), representing a decrease of 3.1% compared to the previous month.
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In February 2023, the date price was $460 per ton (CIF, China), a -13% decrease from the month before.
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In 2019, the global fig market increased by 6.6% to $583M, rising for the eighth consecutive year...
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The global fig market revenue amounted to $4.5B in 2017, going up by 33% against the previous year. This figure reflects t...
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Global fig consumption amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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Global fig exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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Global fig imports amounted to X thousand tons in 2015, going down by -X% against the previous year level.
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In 2015, the countries with the highest levels of fig production were Turkey (X thousand tons), Egypt (X thousand tons), Morocco (X thousand tons), together accounting for X% of total output.
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In 2015, the countries with the highest levels of flax fiber production were Belgium (X thousand tons), France (X thousand tons), China (X thousand tons), together accounting for X% of total output.
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Turkey is in complete control of the world fig market. In 2014, Turkey exported X thousand tons of figs totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total fig exports in
