EU - Figs - Market Analysis, Forecast, Size, Trends and Insights

EU: Fig Market Overview 2020

Fig Market Size in the EU

The revenue of the fig market in the European Union amounted to $X in 2018, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The level of fig consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Fig Production in the EU

In value terms, fig production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, fig production reached its maximum level in 2018 and is expected to retain its growth in the near future.

Spain (X tonnes) remains the largest fig producing country in the European Union, comprising approx. X% of total production. Moreover, fig production in Spain exceeded the figures recorded by the region's second-largest producer, Greece (X tonnes), threefold. Italy (X tonnes) ranked third in terms of total production with a X% share.

In Spain, fig production increased at an average annual rate of +X% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Greece (-X% per year) and Italy (-X% per year).

The average fig yield stood at X tonne per ha in 2018, surging by X% against the previous year. Over the period under review, the fig yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when yield increased by X% against the previous year. In that year, the fig yield reached its peak level of X tonne per ha. From 2017 to 2018, the growth of the fig yield remained 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.

The fig harvested area totaled X ha in 2018, leveling off at the previous year. In general, the fig harvested area continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 when harvested area increased by X% year-to-year. The level of fig harvested area peaked at X ha in 2008; however, from 2009 to 2018, harvested area remained at a lower figure.

Production By Country in the EU

Spain (X tonnes) constituted the country with the largest volume of fig production, comprising approx. X% of total production. Moreover, fig production in Spain exceeded the figures recorded by the region's second-largest producer, Greece (X tonnes), threefold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Spain totaled +X%. In the other countries, the average annual rates were as follows: Greece (-X% per year) and Italy (-X% per year).

Fig Exports

Exports in the EU

The exports totaled X tonnes in 2018, approximately equating the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; 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% against the previous year. Over the period under review, fig exports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, fig exports stood at $X in 2018. The total exports indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fig exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, fig exports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Spain (X tonnes), Greece (X tonnes), the Netherlands (X tonnes), Germany (X tonnes) and Italy (X tonnes) were the key exporters of figs in the European Union, constituting X% of total export. It was distantly followed by France (X tonnes), mixing up a X% share of total exports. The following exporters - Belgium (X tonnes) and Denmark (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Denmark, while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Greece, Italy, France, Belgium and Denmark, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the fig export price in the European Union amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The level of export price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Fig Imports

Imports in the EU

The imports totaled X tonnes in 2018, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. The volume of imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, fig imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. The level of imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

France (X tonnes) and Germany (X tonnes) were the largest importers of figs in 2018, finishing at near X% and X% of total imports, respectively. The UK (X tonnes) ranks next in terms of the total imports with a X% share, followed by Austria (X%), the Netherlands (X%) and Italy (X%). Belgium (X tonnes), Denmark (X tonnes), Poland (X tonnes), Sweden (X tonnes), Spain (X tonnes) and Portugal (X tonnes) held a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

In value terms, the largest fig importing markets in the European Union were France ($X), Germany ($X) and the UK ($X), together accounting for X% of total imports. Austria, Italy, the Netherlands, Belgium, Sweden, Denmark, Poland, Spain and Portugal lagged somewhat behind, together accounting for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The fig import price in the European Union stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the fig import price continues to indicate a slight increase. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. In that year, the import prices for figs reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the import prices for figs remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per tonne), while Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform