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Thailand - Figs - Market Analysis, Forecast, Size, Trends and Insights
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Thailand: Fig Market Overview 2021

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Fig Market Size in Thailand

In 2019, the Thai fig market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed significant growth. The pace of growth appeared the most rapid in 2009 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Fig Production in Thailand

In value terms, fig production soared to $X in 2019 estimated in export prices. In general, production, however, saw a relatively flat trend pattern. Fig production peaked at $X in 2016; however, from 2017 to 2019, production stood at a somewhat lower figure.

The average yield of figs in Thailand amounted to X kg per ha in 2019, approximately mirroring 2018. 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 2019, the fig harvested area in Thailand totaled X ha, remaining relatively unchanged against 2018. Overall, the harvested area saw a relatively flat trend pattern.

Fig Exports

Exports from Thailand

In 2019, approx. X tonnes of figs were exported from Thailand; which is down by -X% compared with 2018. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, fig exports shrank notably to $X in 2019. In general, exports enjoyed a measured increase. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Kuwait (X tonnes), China (X tonnes) and Viet Nam (X tonnes) were the main destinations of fig exports from Thailand, together comprising X% of total exports. The Philippines, Bahrain, Macao SAR, Malaysia and Finland lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Finland (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Kuwait (+X% per year).

Export Prices by Country

In 2019, the average fig export price amounted to $X per tonne, remaining constant against the previous year. In general, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Finland ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into Thailand

After two years of growth, purchases abroad of figs decreased by -X% to X tonnes in 2019. In general, imports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2016 to 2019, the growth imports failed to regain the momentum.

In value terms, fig imports declined dramatically to $X in 2019. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Turkey (X tonnes) constituted the largest supplier of fig to Thailand, with a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold. Hong Kong SAR (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, Turkey ($X), the U.S. ($X) and Malaysia ($X) were the largest fig suppliers to Thailand, together accounting for X% of total imports. These countries were followed by Hong Kong SAR, China, Iran and India, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fig import price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the import price enjoyed perceptible growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in years to come.

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

From 2007 to 2019, 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 AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?
+
The countries with the highest volumes of fig consumption in 2019 were Turkey (226K tonnes), Egypt (225K tonnes) and Morocco (154K tonnes), together comprising 46% of global consumption.
What are the largest producers of figs in the world?
+
The countries with the highest volumes of fig production in 2019 were Turkey (310K tonnes), Egypt (225K tonnes) and Morocco (153K tonnes), with a combined 53% share of global production.
What are the leading suppliers of figs to Thailand?
+
In value terms, the largest fig suppliers to Thailand were Turkey ($139K), the U.S. ($70K) and Malaysia ($37K), with a combined 70% share of total imports. Hong Kong SAR, China, Iran and India lagged somewhat behind, together accounting for a further 25%.
What are the leading importers of figs from Thailand?
+
In value terms, China ($148K) remains the key foreign market for fig exports from Thailand, comprising 39% of total exports. The second position in the ranking was occupied by Viet Nam ($45K), with a 12% share of total exports. It was followed by Kuwait, with a 8.8% share.
What is the average export price for figs in Thailand?
+
The average fig export price stood at $5,239 per tonne in 2019, remaining relatively unchanged against the previous year.
What is the average import price for figs in Thailand?
+
The average fig import price stood at $5,846 per tonne in 2019, rising by 9.1% against the previous year.

Product coverage:
• FCL 569 - Figs

This report provides an in-depth analysis of the fig market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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