Report Update: Apr 1, 2024

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

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Fig Price in Egypt - 2023

Fig Price in Egypt (CIF) - 2022

In 2022, the average fig import price amounted to $4,733 per ton, approximately equating the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 increased by +61.2% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +4.1% per year.

Fig Price in Egypt (FOB) - 2022

The average fig export price stood at $2,406 per ton in 2022, waning by -3.3% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 56%. The export price peaked at $3,044 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($2,406 per ton) and Russia ($2,406 per ton), while the average price for exports to Saudi Arabia ($2,405 per ton) and the UK ($2,406 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+153.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports in Egypt

For the fourth year in a row, Egypt recorded growth in purchases abroad of figs, which increased by 23% to 1.3K tons in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 110%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, fig imports skyrocketed to $6M in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 170% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Fig in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	1.4	3.7	4.3	5.8	60.6%
Others	N/A	0.1	0.5	0.2	41.4%
Total	1.4	3.8	4.8	6.0	62.4%

Top Suppliers of Fig to Egypt in 2022:

Turkey (1245.3 tons)

Fig Exports in Egypt

Fig exports from Egypt declined sharply to 146 tons in 2022, reducing by -48.5% against 2021. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, the exports reached the peak of 284 tons, and then declined rapidly in the following year.

In value terms, fig exports contracted dramatically to $352K in 2022. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 77%. As a result, the exports reached the peak of $708K, and then fell remarkably in the following year.

Export of Fig in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kuwait	45.3	60.4	104	243	75.1%
Bahrain	20.3	1.6	3.5	43.3	28.7%
United Kingdom	N/A	20.2	12.1	29.2	20.2%
Russia	39.4	N/A	48.6	25.3	-13.7%
Sweden	N/A	N/A	N/A	7.4	0%
United Arab Emirates	30.3	34.7	39.6	N/A	14.3%
Indonesia	N/A	135	N/A	N/A	0%
Oman	4.2	59.3	78.5	N/A	332.3%
Singapore	60.6	4.2	N/A	N/A	-93.1%
Algeria	62.5	N/A	N/A	N/A	0%
Turkey	N/A	N/A	300	N/A	0%
Others	38.9	84.9	121	4.3	-52.0%
Total	301	400	708	352	5.4%

Top Export Markets for Fig from Egypt in 2022:

Kuwait (101.0 tons)
Bahrain (18.0 tons)
United Kingdom (12.1 tons)
Russia (10.5 tons)
Sweden (3.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fig market in Egypt. 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:

Egypt

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Egypt
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023