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

Norway: Fig Market Overview 2019

Fig Market Size in Norway

The revenue of the fig market in Norway amounted to $X in 2017, growing by 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). In general, fig consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Over the period under review, the fig market reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Fig Exports from Norway

In 2017, the amount of figs exported from Norway stood at X kg, waning by -X% against the previous year. In general, fig exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. In that year, the fig exports attained their peak volume of X tonnes. From 2011 to 2017, growth of the fig exports failed to regain its momentum.

In value terms, fig exports stood at $X in 2017. In general, fig exports continue to indicate an abrupt downturn. In that year, the fig exports reached their peak level of $X. From 2011 to 2017, growth of the fig exports stood at a somewhat lower level.

Fig Exports by Country from Norway

Turkey (X tonnes) was the main destination of fig exports from Norway, accounting for X% share of total exports. Moreover, fig exports to Turkey exceeded the volume sent to the second major destination, Denmark (X kg), more than tenfold.

From 2007 to 2017, the average annual growth rate of volume to Turkey stood at +X%.

In value terms, Turkey ($X) remains the key foreign market for fig exports from Norway, making up X% of total fig exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports.

From 2007 to 2017, the average annual growth rate of value to Turkey totaled +X%.

Fig Export Prices by Country in Norway

In 2017, the average fig export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price indicated a modest growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fig export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Over the period under review, the average export prices for figs attained its maximum level in 2017, and is likely to continue its growth in the near future.

Average export prices varied noticeably for the major foreign markets. In 2017, the highest prices were recorded for export prices to Denmark ($X per tonne) and Turkey ($X per tonne), while average price for exports to Turkey ($X per tonne) and Denmark ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Denmark (+X% per year).

Fig Imports into Norway

In 2017, fig imports into Norway stood at X tonnes, rising by X% against the previous year. Overall, fig imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. The imports peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, fig imports totaled $X in 2017. Overall, fig imports continue to indicate a relatively flat trend pattern. In that year, the fig imports reached their peak level of $X. From 2009 to 2017, growth of the fig imports stood at a somewhat lower level.

Fig Imports by Country into Norway

In 2017, Turkey (X tonnes) constituted the largest supplier of fig to Norway, with a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second largest supplier, Germany (X tonnes), more than tenfold. Brazil (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, 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: Germany (+X% per year) and Brazil (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of fig to Norway, making up X% of total fig imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Germany (+X% per year).

Fig Import Prices by Country in Norway

The average fig import price stood at $X per tonne in 2017, falling by -X% against the previous year. Overall, fig import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. In that year, the average import prices for figs attained their peak level of $X per tonne. From 2009 to 2017, growth of the average import prices for figs failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Brazil ($X per kg), while prices for fig imports from Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Brazil (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform