Australia and Oceania: Fig Market 2024

Fig Market Size in Australia and Oceania

In 2022, the fig market in Australia and Oceania increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Fig Production in Australia and Oceania

In value terms, fig production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Australia (X tons) constituted the country with the largest volume of fig production, accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia stood at X%.

The average fig yield soared to X kg per ha in 2022, rising by X% against the previous year's figure. Over the period under review, the yield, however, saw a noticeable contraction. The growth pace was the most rapid in 2020 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of figs production in Australia and Oceania stood at X ha, leveling off at 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to fig production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Fig Exports

Exports in Australia and Oceania

In 2022, overseas shipments of figs increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, fig exports surged to $X in 2022. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Australia dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X tons), committing a X% share of total exports.

Australia was also the fastest-growing in terms of the figs exports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest fig supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, fig exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Fig Imports

Imports in Australia and Oceania

In 2022, overseas purchases of figs increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, fig imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Australia dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating a X% share of total imports.

Australia was also the fastest-growing in terms of the figs imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported figs in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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