Asia: Fig Market 2023

Fig Market Size in Asia

The Asian fig market stood at $X in 2021, growing by 6.7% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Fig Production in Asia

In value terms, fig production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 13% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2021.

Turkey (X tons) constituted the country with the largest volume of fig production, comprising approx. 53% of total volume. Moreover, fig production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), threefold. The third position in this ranking was held by Syrian Arab Republic (X tons), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Turkey totaled +1.5%. The remaining producing countries recorded the following average annual rates of production growth: Iran (+6.5% per year) and Syrian Arab Republic (+0.9% per year).

The average fig yield was estimated at X tons per ha in 2021, approximately equating the previous year's figure. The yield indicated prominent growth from 2012 to 2021: its figure increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fig yield decreased by -0.6% against 2019 indices. The growth pace was the most rapid in 2015 when the yield increased by 12%. Over the period under review, the fig yield attained the peak level at X tons per ha in 2019; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of figs production in Asia stood at X ha, remaining relatively unchanged against 2020. Over the period under review, the harvested area, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 11% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2021, the harvested area remained at a lower figure.

Fig Exports

Exports in Asia

In 2021, exports of figs in Asia stood at X tons, increasing by 2% on the previous year's figure. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.0% against 2013 indices. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, fig exports expanded modestly to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.6% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 45%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Turkey was the largest exporting country with an export of around X tons, which recorded 74% of total exports. Afghanistan (X tons) held the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held approx. 18% share of total exports. Syrian Arab Republic (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to fig exports from Turkey stood at +4.5%. At the same time, Afghanistan (+25.9%), Syrian Arab Republic (+15.2%), Saudi Arabia (+14.7%) and Iran (+2.3%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.9% from 2012-2021. From 2012 to 2021, the share of Afghanistan, Saudi Arabia and Syrian Arab Republic increased by +9.6, +2.5 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest fig supplier in Asia, comprising 69% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 24% share of total exports. It was followed by Syrian Arab Republic, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +6.2%. In the other countries, the average annual rates were as follows: Afghanistan (+27.6% per year) and Syrian Arab Republic (+16.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Afghanistan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the other leaders experienced more modest paces of growth.

Fig Imports

Imports in Asia

For the tenth year in a row, Asia recorded growth in supplies from abroad of figs, which increased by 43% to X tons in 2021. In general, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fig imports skyrocketed to $X in 2021. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India was the main importing country with an import of about X tons, which resulted at 41% of total imports. China (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (5%) and Qatar (4.6%). Pakistan (X tons), Japan (X tons), Turkey (X tons), the United Arab Emirates (X tons), Kuwait (X tons), Iraq (X tons), Hong Kong SAR (X tons) and Israel (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fig imports into India stood at +14.3%. At the same time, Pakistan (+104.2%), China (+47.7%), Qatar (+36.5%), Kuwait (+23.4%), Saudi Arabia (+14.9%), Iraq (+10.1%), Turkey (+5.1%), Hong Kong SAR (+4.1%), the United Arab Emirates (+3.6%) and Japan (+2.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +104.2% from 2012-2021. Israel experienced a relatively flat trend pattern. While the share of China (+17 p.p.), Pakistan (+4.2 p.p.) and Qatar (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-3.4 p.p.), Hong Kong SAR (-3.6 p.p.), the United Arab Emirates (-4.1 p.p.), Israel (-4.2 p.p.) and Japan (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported figs in Asia, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 6.3% share of total imports. It was followed by Japan, with a 5.1% share.

In India, fig imports expanded at an average annual rate of +13.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+34.0% per year) and Japan (+4.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, falling by -11.5% against the previous year. In general, the import price showed a mild curtailment. The growth pace was the most rapid in 2015 when the import price increased by 8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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