United Kingdom - Figs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFig Price in the UK - 2023
Contents:
- Fig Price in the UK (CIF) - 2023
- Fig Price in the UK (FOB) - 2022
- Fig Imports in the UK
- Fig Exports in the UK
Fig Price in the UK (CIF) - 2023
The average fig import price stood at $4,803 per ton in June 2023, increasing by 23% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 31% m-o-m. The import price peaked in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($6,893 per ton), while the price for Turkey ($4,242 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Fig Price in the UK (FOB) - 2022
In 2022, the average fig export price amounted to $4,947 per ton, reducing by -21.2% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average export price increased by 64%. The export price peaked at $6,275 per ton in 2021, and then declined rapidly 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 France ($8,171 per ton), while the average price for exports to the Netherlands ($3,645 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 Belgium (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Fig Imports in the UK
In 2022, imports of figs into the UK contracted slightly to 7.1K tons, leveling off at the year before. Overall, imports showed a slight descent. The growth pace was the most rapid in 2021 with an increase of 8.5%.
In value terms, fig imports declined to $28M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $30M, and then contracted in the following year.
| Import of Fig in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 15.4 | 14.6 | 17.8 | 16.6 | 2.5% |
| Peru | 1.7 | 2.1 | 2.6 | 2.9 | 19.5% |
| Spain | 0.6 | 1.1 | 1.3 | 2.1 | 51.8% |
| South Africa | 2.2 | 1.6 | 1.9 | 1.5 | -12.0% |
| Brazil | 0.9 | 0.6 | 0.7 | 1.0 | 3.6% |
| France | 1.8 | 0.6 | 0.6 | 0.9 | -20.6% |
| Greece | 0.7 | 0.5 | 0.6 | 0.8 | 4.6% |
| Italy | 0.3 | 0.2 | 0.2 | 0.6 | 26.0% |
| Germany | 1.4 | 1.3 | 0.3 | 0.5 | -29.1% |
| Netherlands | 0.8 | 0.7 | 1.2 | 0.1 | -50.0% |
| Others | 2.6 | 1.1 | 2.7 | 1.2 | -22.7% |
| Total | 28.4 | 24.4 | 29.9 | 28.1 | -0.4% |
Top Suppliers of Fig to the UK in 2022:
- Turkey (5201.8 tons)
- Spain (464.0 tons)
- Peru (397.1 tons)
- Brazil (193.2 tons)
- Italy (181.2 tons)
- Greece (169.3 tons)
- South Africa (162.4 tons)
- France (75.8 tons)
- Germany (74.0 tons)
- Netherlands (10.1 tons)
Fig Exports in the UK
In 2022, exports of figs from the UK fell rapidly to 28 tons, waning by -83.6% against the previous year's figure. Over the period under review, exports saw a dramatic downturn. The smallest decline of -31.3% was in 2021.
In value terms, fig exports declined remarkably to $140K in 2022. Overall, exports continue to indicate a significant curtailment. The smallest decline of -16.2% was in 2021.
| Export of Fig in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 80.8 | 218 | 28.9 | 44.2 | -18.2% |
| Ireland | 787 | 676 | 637 | 35.5 | -64.4% |
| Netherlands | 81.6 | 75.6 | 22.1 | 14.7 | -43.5% |
| Iceland | 70.6 | 50.4 | 57.3 | 7.8 | -52.0% |
| Afghanistan | N/A | N/A | N/A | 5.6 | 0% |
| France | 102 | 63.2 | N/A | 5.0 | -63.4% |
| Italy | 90.6 | 52.1 | 33.0 | 0.1 | -89.7% |
| Vietnam | N/A | N/A | 172 | N/A | 0% |
| Austria | 68.8 | 20.8 | 49.7 | N/A | -15.0% |
| Poland | 525 | 4.4 | N/A | N/A | -99.2% |
| Others | 289 | 132 | 83.3 | 26.9 | -54.7% |
| Total | 2,095 | 1,292 | 1,084 | 140 | -59.4% |
Top Export Markets for Fig from the UK in 2022:
- Italy (undefined tons)
- Turkey (8.0 tons)
- Ireland (7.1 tons)
- Netherlands (4.0 tons)
- Iceland (1.6 tons)
- Afghanistan (1.0 tons)
- France (0.6 tons)
This report provides an in-depth analysis of the fig market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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