United Kingdom: Fig Market Overview 2021

Fig Market Size in the UK

The UK fig market reduced to $X in 2020, waning 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). Over the period under review, the total consumption indicated a slight increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Fig consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Fig Exports

Exports from the UK

In 2020, shipments abroad of figs decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. from 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, fig exports declined notably to $X in 2020. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to Ireland stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and the Netherlands (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Ireland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2020, the average fig export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per tonne in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the countries with the highest prices were Iceland ($X per tonne) and Turkey ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) and France ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Iceland, while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into the UK

In 2020, the amount of figs imported into the UK fell to X tonnes, which is down by -X% on the previous year. In general, total imports indicated a modest increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, fig imports contracted to $X in 2020. Over the period under review, total imports indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest fig supplier 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. Peru (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms 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 Peru (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and South Africa (+X% per year).

Import Prices by Country

The average fig import price stood at $X per tonne in 2020, falling by -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Africa ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 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 2020 were Turkey (232K tonnes), Egypt (223K tonnes) and Morocco (165K tonnes), with a combined 46% share of global consumption. Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China lagged somewhat behind, together comprising a further 37%.

What are the largest producers of figs in the world?

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The countries with the highest volumes of fig production in 2020 were Turkey (320K tonnes), Egypt (222K tonnes) and Morocco (166K tonnes), together accounting for 52% 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 60% of total imports. The second position in the ranking was occupied by Peru ($2.1M), with a 8.8% share of total imports. It was followed by South Africa, with a 6.6% share.

What are the leading importers of figs from the UK?

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In value terms, Ireland ($670K) remains the key foreign market for fig exports from the UK, comprising 52% of total exports. The second position in the ranking was occupied by Turkey ($222K), with a 17% share of total exports. It was followed by the Netherlands, with a 5.8% share.

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

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In 2020, the average fig export price amounted to $5,145 per tonne, increasing by 64% against the previous year.

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

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In 2020, the average fig import price amounted to $3,702 per tonne, declining by -2.4% against the previous year.