Malaysia: Fig Market Overview 2021

Fig Market Size in Malaysia

The Malaysian fig market was estimated at $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a significant expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Fig consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Fig Exports

Exports from Malaysia

In 2020, approx. X tonnes of figs were exported from Malaysia; shrinking by -X% on 2019 figures. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2016 to 2020, the growth exports failed to regain the momentum.

In value terms, fig exports reduced to $X in 2020. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2016 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tonnes) was the main destination for fig exports from Malaysia, with a X% share of total exports. Moreover, fig exports to Thailand exceeded the volume sent to the second major destination, Singapore (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Macao SAR (+X% per year).

In value terms, Thailand ($X) remains the key foreign market for fig exports from Malaysia, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Macao SAR (-X% per year).

Export Prices by Country

In 2020, the average fig export price amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was Thailand ($X per tonne), while the average price for exports to Singapore ($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 Thailand, while the prices for the other major destinations experienced mixed trend patterns.

Fig Imports

Imports into Malaysia

In 2020, approx. X tonnes of figs were imported into Malaysia; rising by X% against 2019 figures. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, fig imports expanded sharply to $X in 2020. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest supplier of fig to Malaysia, accounting for a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and China (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of fig to Malaysia, comprising X% of total imports. The second position in the ranking was occupied by Iran ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average fig import price amounted to $X per tonne, waning by -X% against the previous year. In general, import price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fig import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

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. These countries were followed by Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China, which together accounted for 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 comprising 52% of global production.

What are the leading suppliers of figs to Malaysia?

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In value terms, Turkey ($887K) constituted the largest supplier of fig to Malaysia, comprising 50% of total imports. The second position in the ranking was occupied by Iran ($434K), with a 24% share of total imports. It was followed by China, with a 11% share.

What are the leading importers of figs from Malaysia?

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In value terms, Thailand ($28K) remains the key foreign market for fig exports from Malaysia, comprising 67% of total exports. The second position in the ranking was occupied by Singapore ($11K), with a 27% share of total exports.

What is the average export price for figs in Malaysia?

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In 2020, the average fig export price amounted to $7,811 per tonne, increasing by 10% against the previous year.

What is the average import price for figs in Malaysia?

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In 2020, the average fig import price amounted to $4,154 per tonne, with a decrease of -8% against the previous year.