Saudi Arabia: Fig Market 2024

Fig Market Size in Saudi Arabia

The Saudi fig market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Fig Production in Saudi Arabia

In value terms, fig production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of figs in Saudi Arabia amounted to less than X kg per ha in 2022, almost unchanged from 2021 figures. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of figs were harvested in Saudi Arabia; standing approx. at the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Fig Exports

Exports from Saudi Arabia

In 2022, the amount of figs exported from Saudi Arabia fell to X tons, flattening at the previous year. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, fig exports rose slightly to $X in 2022. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Djibouti (X tons), Kuwait (X tons) and Indonesia (X tons) were the main destinations of fig exports from Saudi Arabia, together accounting for X% of total exports. Somalia, Bahrain, Kenya and Canada lagged somewhat behind, together accounting for a further X%.

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

In value terms, Djibouti ($X), Indonesia ($X) and Kuwait ($X) were the largest markets for fig exported from Saudi Arabia worldwide, together comprising X% of total exports. Bahrain, Canada, Somalia and Kenya lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into Saudi Arabia

In 2022, the amount of figs imported into Saudi Arabia declined to X tons, with a decrease of X% compared with 2021. Overall, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, fig imports shrank rapidly to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Syrian Arab Republic (X tons) constituted the largest fig supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, fig imports from Syrian Arab Republic exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Syrian Arab Republic totaled X%.

In value terms, Syrian Arab Republic ($X) constituted the largest supplier of figs to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Syrian Arab Republic totaled X%.

Import Prices by Country

In 2022, the average fig import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Syrian Arab Republic amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%).

Source: IndexBox Platform

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