Report U.S. - Figs - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 1, 2023

U.S. - Figs - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Fig Market 2023

Fig Market Size in the U.S.

In 2021, the U.S. fig market decreased by -4.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.1% against 2019 indices. Fig consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fig Production in the U.S.

In value terms, fig production dropped slightly to $X in 2021. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. Fig production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

In 2021, the average fig yield in the United States reached X tons per ha, remaining relatively unchanged against the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 4.2%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of figs production in the United States amounted to X ha, increasing by 1.7% compared with the year before. Overall, the harvested area, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 3% against the previous year. The fig harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Fig Exports

Exports from the U.S.

In 2021, overseas shipments of figs were finally on the rise to reach X tons after four years of decline. Overall, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 49%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, fig exports amounted to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 21%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Japan (X tons) were the main destinations of fig exports from the United States, together comprising 86% of total exports. Hong Kong SAR and Turkey lagged somewhat behind, together accounting for a further 6.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of -4.2%), while the other leaders experienced a decline.

In value terms, Canada ($X) remains the key foreign market for fig exports from the United States, comprising 52% of total exports. The second position in the ranking was taken by Mexico ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-14.0% per year) and Hong Kong SAR (-2.7% per year).

Export Prices by Country

The average fig export price stood at $X per ton in 2021, shrinking by -7.2% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fig export price decreased by -13.5% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 28%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into the U.S.

For the fourth consecutive year, the United States recorded growth in purchases abroad of figs, which increased by 1.2% to X tons in 2021. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, fig imports reached $X in 2021. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest fig supplier to the United States, accounting for a 84% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. Afghanistan (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+46.6% per year) and Afghanistan (+92.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of fig to the United States, comprising 80% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9.1% share of total imports. It was followed by Greece, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+47.6% per year) and Greece (-1.9% per year).

Import Prices by Country

In 2021, the average fig import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, saw a slight slump. The pace of growth was the most pronounced in 2017 an increase of 8.5% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?
+
The countries with the highest volumes of consumption in 2021 were Turkey, Egypt and Morocco, with a combined 44% share of global consumption. These countries were followed by Iran, Algeria, Spain, Syrian Arab Republic, the United States, India, China, Tunisia, Albania and France, which together accounted for a further 37%.
What are the largest producers of figs in the world?
+
The countries with the highest volumes of production in 2021 were Turkey, Egypt and Morocco, together comprising 52% of global production. These countries were followed by Iran, Algeria, Spain, Syrian Arab Republic, the United States, Afghanistan, Tunisia, Albania, Brazil and Greece, which together accounted for a further 36%.
What are the leading suppliers of figs to the U.S.?
+
In value terms, Turkey constituted the largest supplier of fig to the United States, comprising 80% of total imports. The second position in the ranking was held by Mexico, with a 9.1% share of total imports. It was followed by Greece, with a 4.9% share.
What are the leading importers of figs from the U.S.?
+
In value terms, Canada remains the key foreign market for fig exports from the United States, comprising 52% of total exports. The second position in the ranking was taken by Mexico, with a 20% share of total exports. It was followed by Hong Kong SAR, with an 8% share.
What is the average export price for figs in the U.S.?
+
In 2021, the average fig export price amounted to $5,064 per ton, dropping by -7.2% against the previous year.
What is the average import price for figs in the U.S.?
+
The average fig import price stood at $3,154 per ton in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the fig market in the U.S.. 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 2030.


Product coverage:
• FCL 569 - Figs
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
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 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
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, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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