United Kingdom - Figs - Market Analysis, Forecast, Size, Trends and Insights

United Kingdom: Fig Market Overview 2020

Fig Market Size in the UK

The revenue of the fig market in the UK amounted to $X in 2018, declining 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, however, continues to indicate a conspicuous expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the fig market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Fig Exports

Exports from the UK

In 2018, the amount of figs exported from the UK totaled X tonnes, surging by X% against the previous year. Over the period under review, fig exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, fig exports totaled $X in 2018. In general, fig exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tonnes) was the main destination for fig exports from the UK, with a X% share of total exports. Moreover, fig exports to Poland exceeded the volume sent to the second major destination, Ireland (X tonnes), threefold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Poland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+X% per year) and Turkey (+X% per year).

In value terms, Poland ($X) emerged as the key foreign market for fig exports from the UK, comprising X% of total fig exports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Poland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+X% per year) and Turkey (-X% per year).

Export Prices by Country

The average fig export price stood at $X per tonne in 2018, coming down by -X% against the previous year. Over the period under review, the fig export price continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Iceland ($X per tonne), while the average price for exports to Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into the UK

In 2018, the fig imports into the UK stood at X tonnes, coming down by -X% against the previous year. In general, fig imports, however, continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, fig imports stood at $X in 2018. In general, fig imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, 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), threefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The average fig import price stood at $X per tonne in 2018, growing by X% against the previous year. In general, the fig import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the average import prices for figs reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for figs failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was South Africa ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform