Philippines - Figs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFig Price in the Philippines - 2023
Contents:
- Fig Price in the Philippines (CIF) - 2022
- Fig Price in the Philippines (FOB) - 2022
- Fig Imports in the Philippines
- Fig Exports in the Philippines
Fig Price in the Philippines (CIF) - 2022
The average fig import price stood at $4,844 per ton in 2022, standing approx. at the previous year. In general, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 101%. Over the period under review, average import prices attained the maximum at $6,205 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($10,967 per ton), while the price for Canada ($1,247 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Fig Price in the Philippines (FOB) - 2022
In 2022, the average fig export price amounted to $1,560 per ton, approximately reflecting the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2014 an increase of 99% against the previous year. Over the period under review, the average export prices hit record highs at $3,444 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Kuwait ($1,679 per ton), while the average price for exports to Macao SAR ($755 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 Bahrain (+13.7%), while the prices for the other major destinations experienced a decline.
Fig Imports in the Philippines
In 2022, approx. 6.8 tons of figs were imported into the Philippines; picking up by 34% on 2021 figures. Over the period under review, imports, however, faced a abrupt curtailment.
In value terms, fig imports surged to $33K in 2022. In general, imports, however, showed a deep slump.
| Import of Fig in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.7 | 27.1 | 5.3 | 8.5 | -29.0% |
| United Arab Emirates | 7.6 | 11.0 | 3.3 | 7.8 | 0.9% |
| Australia | 7.2 | 9.8 | 2.8 | 6.1 | -5.4% |
| Turkey | 19.8 | 12.1 | 9.8 | 4.8 | -37.6% |
| Switzerland | 1.8 | 2.2 | 1.5 | 2.2 | 6.9% |
| Canada | N/A | N/A | N/A | 1.6 | 0% |
| Iran | 1.2 | 1.5 | 0.3 | 0.7 | -16.4% |
| Others | 0.7 | 6.8 | 1.9 | 1.4 | 26.0% |
| Total | 62.0 | 70.5 | 24.9 | 33.0 | -19.0% |
Top Suppliers of Fig to the Philippines in 2022:
- United States (2019.0 kg)
- Canada (1295.0 kg)
- United Arab Emirates (1200.0 kg)
- Turkey (1135.0 kg)
- Australia (581.0 kg)
- Switzerland (201.0 kg)
- Iran (160.0 kg)
Fig Exports in the Philippines
In 2022, fig exports from the Philippines rose modestly to 19 tons, increasing by 1.9% on the year before. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 8% against the previous year. As a result, the exports reached the peak of 19 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, fig exports amounted to $30K in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 5% against the previous year. As a result, the exports attained the peak of $30K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Fig in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 20.1 | 25.5 | 24.3 | 24.8 | 7.3% |
| Bahrain | 1.5 | 4.0 | 3.6 | 3.5 | 32.6% |
| Macao SAR | 0.7 | N/A | 1.0 | 0.9 | 8.7% |
| Others | 6.3 | 0.5 | 0.4 | 0.4 | -60.1% |
| Total | 28.6 | 30.0 | 29.3 | 29.7 | 1.3% |
Top Export Markets for Fig from the Philippines in 2022:
- Kuwait (14.8 tons)
- Bahrain (2.9 tons)
- Macao SAR (1.2 tons)
This report provides an in-depth analysis of the fig market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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