Colombia - Figs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFig Price in Colombia - 2022
Contents:
- Fig Price in Colombia (FOB) - 2022
- Fig Price in Colombia (CIF) - 2022
- Fig Exports in Colombia
- Fig Imports in Colombia
Fig Price in Colombia (FOB) - 2022
In 2022, the average fig export price amounted to $4,928 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18% against the previous year. The export price peaked at $4,970 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($7,203 per ton), while the average price for exports to Curacao ($1,583 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 Spain (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Fig Price in Colombia (CIF) - 2022
In 2022, the average fig import price amounted to $7,441 per ton, rising by 2.2% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fig import price decreased by -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $7,728 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($7,564 per ton), while the price for the United States totaled $4,099 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.7%).
Fig Exports in Colombia
In 2022, exports of figs from Colombia declined notably to 39 tons, reducing by -30.7% compared with the previous year. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 159%. As a result, the exports attained the peak of 56 tons, and then declined significantly in the following year.
In value terms, fig exports reduced sharply to $192K in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 168% against the previous year. As a result, the exports reached the peak of $280K, and then shrank significantly in the following year.
| Export of Fig in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 4.3 | 7.8 | 54.4 | 36.5 | 104.0% |
| Netherlands | 50.9 | 14.0 | 48.2 | 32.3 | -14.1% |
| Qatar | 0.9 | 6.6 | 46.4 | 31.1 | 225.7% |
| Canada | 27.0 | 21.4 | 45.8 | 30.7 | 4.4% |
| United Arab Emirates | 11.4 | 27.9 | 32.5 | 21.8 | 24.1% |
| Russia | 3.4 | 1.7 | 9.3 | 6.2 | 22.2% |
| Spain | 4.9 | 10.1 | 9.3 | 6.2 | 8.2% |
| France | 31.0 | 1.6 | 5.6 | 5.7 | -43.1% |
| Brazil | 21.6 | 1.4 | 0.6 | 3.3 | -46.5% |
| Curacao | 4.6 | 1.1 | 3.6 | 2.4 | -19.5% |
| Germany | 8.6 | 1.6 | 2.2 | 2.1 | -37.5% |
| United Kingdom | 8.8 | 1.2 | 1.6 | 1.9 | -40.0% |
| Portugal | 9.0 | 0.6 | 0.5 | 1.4 | -46.2% |
| Others | 9.4 | 7.3 | 19.7 | 10.3 | 3.1% |
| Total | 196 | 104 | 280 | 192 | -0.7% |
Top Export Markets for Fig from Colombia in 2022:
- Canada (9.6 tons)
- Netherlands (6.6 tons)
- Kuwait (5.5 tons)
- Qatar (4.8 tons)
- United Arab Emirates (3.0 tons)
- Curacao (1.5 tons)
- France (1.4 tons)
- Spain (1.3 tons)
- Brazil (1.0 tons)
- Russia (1.0 tons)
- Germany (0.6 tons)
- Portugal (0.5 tons)
- United Kingdom (0.5 tons)
Fig Imports in Colombia
In 2022, imports of figs into Colombia declined dramatically to 8.4 tons, with a decrease of -21.7% on the previous year's figure. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 76%.
In value terms, fig imports fell notably to $63K in 2022. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 66% against the previous year.
| Import of Fig in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 101 | 46.9 | 78.0 | 61.5 | -15.2% |
| United States | 8.3 | 0.3 | 0.4 | 1.2 | -47.5% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 110 | 47.2 | 78.4 | 62.8 | -17.0% |
Top Suppliers of Fig to Colombia in 2022:
- Turkey (8.1 tons)
- United States (0.3 tons)
This report provides an in-depth analysis of the fig market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
-
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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