Australia: Fig Market 2024

Fig Market Size in Australia

In 2022, the Australian fig market increased by X% to $X, rising for the second consecutive year after two 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 reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Fig Production in Australia

In value terms, fig production surged to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of figs in Australia rose significantly to X kg per ha, with an increase of X% compared with the year before. Over the period under review, the yield, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the average fig yield hit record highs 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 harvested area of figs in Australia totaled X ha, remaining stable against the previous year. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by X% against the previous year. The fig harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Fig Exports

Exports from Australia

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. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, fig exports soared to $X in 2022. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), New Zealand (X tons) and Singapore (X kg) were the main destinations of fig exports from Australia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X), Turkey ($X) and Singapore ($X) were the largest markets for fig exported from Australia worldwide, together accounting for X% of total exports.

New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fig export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price showed a pronounced decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Hong Kong SAR ($X per ton), while the average price for exports to Turkey ($X 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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into Australia

In 2022, overseas purchases of figs increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fig imports soared to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Turkey (X tons) was the main fig supplier to Australia, with a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Iran (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of figs to Australia, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the average fig import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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