U.S. - Figs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFig Price in the United States - 2023
Contents:
- Fig Price in the United States (CIF) - 2023
- Fig Price in the United States (FOB) - 2023
- Fig Imports in the United States
- Fig Exports in the United States
Fig Price in the United States (CIF) - 2023
In August 2023, the average fig import price amounted to $3,634 per ton, picking up by 22% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 26% m-o-m. The import price peaked at $3,947 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($10,573 per ton), while the price for Turkey stood at $3,460 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Fig Price in the United States (FOB) - 2023
In August 2023, the average fig export price amounted to $7,769 per ton, with an increase of 24% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 163% m-o-m. As a result, the export price attained the peak level of $9,090 per ton. From June 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In August 2023, the highest price was recorded for prices to Guatemala ($9,462 per ton) and Colombia ($9,462 per ton), while the average price for exports to Canada ($7,569 per ton) and Hong Kong SAR ($8,285 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Fig Imports in the United States
In 2022, the amount of figs imported into the United States rose remarkably to 16K tons, with an increase of 7.1% on 2021 figures. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 20%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, fig imports reached $50M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fig in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 36.4 | 39.1 | 37.7 | 40.3 | 3.5% |
| Mexico | 2.6 | 2.8 | 4.3 | 4.0 | 15.4% |
| Greece | 2.7 | 2.6 | 2.3 | 1.9 | -11.1% |
| Afghanistan | 0.2 | 0.5 | 1.0 | 1.1 | 76.5% |
| Spain | 1.3 | 0.7 | 0.3 | 0.5 | -27.3% |
| Others | 1.3 | 0.8 | 1.5 | 2.4 | 22.7% |
| Total | 44.5 | 46.4 | 47.1 | 50.2 | 4.1% |
Top Suppliers of Fig to the United States in 2022:
- Turkey (13.5K tons)
- Afghanistan (0.8K tons)
- Mexico (0.8K tons)
- Greece (0.4K tons)
- Spain (0.2K tons)
Fig Exports in the United States
In 2022, exports of figs from the United States shrank dramatically to 1.8K tons, reducing by -16.3% compared with the previous year's figure. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 8.4% against the previous year.
In value terms, fig exports reduced to $9.8M in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 0.6%.
| Export of Fig in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.8 | 6.1 | 5.8 | 5.3 | -8.0% |
| Mexico | 1.1 | 1.6 | 2.3 | 2.3 | 27.9% |
| Hong Kong SAR | 2.7 | 1.5 | 0.9 | 0.9 | -30.7% |
| Turkey | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Japan | 1.5 | 0.9 | 0.8 | N/A | -27.0% |
| Others | 1.2 | 0.7 | 1.2 | 1.0 | -5.9% |
| Total | 13.5 | 11.0 | 11.1 | 9.8 | -10.1% |
Top Export Markets for Fig from the United States in 2022:
- Mexico (839.0 tons)
- Canada (717.1 tons)
- Hong Kong SAR (107.8 tons)
- Turkey (56.3 tons)
- Japan (0.8 tons)
This report provides an in-depth analysis of the fig market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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