United Kingdom: Fig Market Overview 2021

Fig Market Size in the UK

The UK fig market soared to $X in 2019, 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, the total consumption indicated a perceptible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Fig Exports

Exports from the UK

After two years of growth, overseas shipments of figs decreased by -X% to X tonnes in 2019. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes, and then shrank sharply in the following year.

In value terms, fig exports declined notably to $X in 2019. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2018, and then dropped dramatically in the following year.

Exports by Country

Ireland (X tonnes), Poland (X tonnes) and Turkey (X tonnes) were the main destinations of fig exports from the UK, together accounting for X% of total exports. These countries were followed by Austria, the Netherlands, Italy, Sweden and Germany, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Poland ($X) and Italy ($X) constituted the largest markets for fig exported from the UK worldwide, together accounting for X% of total exports. These countries were followed by the Netherlands, Turkey, Austria, Germany and Sweden, which together accounted for a further X the main countries of destination, Austria (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average fig export price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2010; however, from 2011 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Turkey ($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 Italy, while the prices for the other major destinations experienced a decline.

Fig Imports

Imports into the UK

In 2019, imports of figs into the UK rose notably to X tonnes, with an increase of X% against 2018. In general, total imports indicated perceptible growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, fig imports skyrocketed to $X in 2019. Over the period under review, total imports indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Turkey (X tonnes) constituted the largest supplier of fig to the UK, accounting for 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. South Africa (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, 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: Germany (+X% per year) and South Africa (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and France (-X% per year).

Import Prices by Country

The average fig import price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Peru, 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?

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The countries with the highest volumes of fig consumption in 2019 were Turkey (226K tonnes), Egypt (225K tonnes) and Morocco (154K tonnes), with a combined 46% share of global consumption.

What are the largest producers of figs in the world?

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The countries with the highest volumes of fig production in 2019 were Turkey (310K tonnes), Egypt (225K tonnes) and Morocco (153K tonnes), together accounting for 53% of global production.

What are the leading suppliers of figs to the UK?

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In value terms, Turkey ($15M) constituted the largest supplier of fig to the UK, comprising 54% of total imports. The second position in the ranking was occupied by South Africa ($2.2M), with a 7.8% share of total imports. It was followed by France, with a 6.3% share.

What are the leading importers of figs from the UK?

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In value terms, the largest markets for fig exported from the UK were Ireland ($804K), Poland ($536K) and Italy ($93K), with a combined 68% share of total exports. The Netherlands, Turkey, Austria, Germany and Sweden lagged somewhat behind, together accounting for a further 15%.

What is the average export price for figs in the UK?

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The average fig export price stood at $3,038 per tonne in 2019, remaining stable against the previous year.

What is the average import price for figs in the UK?

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In 2019, the average fig import price amounted to $3,770 per tonne, with an increase of 9.2% against the previous year.