Eastern Asia: Fig Market 2024

Fig Market Size in Eastern Asia

The East Asian fig market expanded markedly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Fig Production in Eastern Asia

In value terms, fig production fell to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were China (X tons) and Japan (X tons).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%).

In 2022, the average yield of figs in Eastern Asia dropped to X tons per ha, waning by X% compared with the year before. Overall, the yield continues to indicate a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the fig yield reached the maximum level at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat 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, approx. X ha of figs were harvested in Eastern Asia; standing approx. at 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 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 peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Fig Exports

Exports in Eastern Asia

In 2022, approx. X tons of figs were exported in Eastern Asia; falling by X% compared with 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fig exports expanded to $X in 2022. Total exports indicated a notable 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) represented roughly X% of total exports in 2022. Japan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%). Taiwan (Chinese) (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Fig Imports

Imports in Eastern Asia

For the seventh consecutive year, Eastern Asia recorded growth in purchases abroad of figs, which increased by X% to X tons in 2022. In general, imports saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, fig imports skyrocketed to $X in 2022. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the key importer of figs, committing X% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with an X% share, followed by Japan (X%). South Korea (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the figs imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fig importing markets in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), together comprising X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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