China: Fig Market Overview 2021

Fig Market Size in China

For the third consecutive year, the Chinese fig market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Fig consumption peaked in 2020 and is likely to see gradual growth in the near future.

Fig Production in China

In value terms, fig production stood at $X in 2020 estimated in export prices. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Fig production peaked at $X in 2016; however, from 2017 to 2020, production stood at a somewhat lower figure.

The average yield of figs in China expanded slightly to X tonnes per ha in 2020, surging by X% compared with 2019 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2009 when the yield increased by X% year-to-year. Over the period under review, the average fig yield attained the peak level in 2020 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of figs in China expanded to X ha, picking up by X% compared with the year before. The harvested area increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The fig harvested area peaked in 2020 and is likely to see steady growth in the immediate term.

Fig Exports

Exports from China

In 2020, approx. X tonnes of figs were exported from China; surging by X% against the year before. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, fig exports surged to $X in 2020. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in years to come.

Exports by Country

Taiwan (Chinese) (X tonnes), Hong Kong SAR (X tonnes) and Malaysia (X tonnes) were the main destinations of fig exports from China, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fig exported from China were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Malaysia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Taiwan (Chinese) (+X% per year) saw the highest growth rate of the value of exports, 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 tonne in 2020, which is down by -X% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into China

For the eleventh year in a row, China recorded growth in overseas purchases of figs, which increased by X% to X tonnes in 2020. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, fig imports skyrocketed to $X in 2020. In general, imports posted significant growth. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tonnes), Iran (X tonnes) and Afghanistan (X tonnes) were the main suppliers of fig imports to China, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Afghanistan (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fig suppliers to China were Turkey ($X), Iran ($X) and Afghanistan ($X), together accounting for X% of total imports.

In terms of the main suppliers, Afghanistan recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average fig import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Afghanistan ($X per tonne), while the price for Iran ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?

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The countries with the highest volumes of fig consumption in 2020 were Turkey (249K tonnes), Egypt (223K tonnes) and Morocco (165K tonnes), with a combined 47% share of global consumption. Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China lagged somewhat behind, together comprising a further 37%.

What are the largest producers of figs in the world?

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The countries with the highest volumes of fig production in 2020 were Turkey (320K tonnes), Egypt (222K tonnes) and Morocco (166K tonnes), together accounting for 52% of global production.

What are the leading suppliers of figs to China?

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In value terms, the largest fig suppliers to China were Turkey ($3.6M), Iran ($2.2M) and Afghanistan ($152K), together accounting for 98% of total imports.

What are the leading importers of figs from China?

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In value terms, Hong Kong SAR ($499K), Taiwan (Chinese) ($272K) and Malaysia ($235K) appeared to be the largest markets for fig exported from China worldwide, with a combined 87% share of total exports.

What is the average export price for figs in China?

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The average fig export price stood at $4,171 per tonne in 2020, reducing by -26.5% against the previous year.

What is the average import price for figs in China?

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In 2020, the average fig import price amounted to $1,603 per tonne, growing by 3.8% against the previous year.