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

U.S.: Fig Market Overview 2019

Fig Market Size in the USA

The revenue of the fig market in the U.S. amounted to $X in 2017, reducing by -X% against the previous year. In general, fig consumption continues to indicate a significant deduction. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. The fig consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Fig Production in the USA

Fig production in the U.S. stood at X tonnes in 2017, coming down by -X% against the previous year. In general, fig production continues to indicate a deep decrease. The growth pace was the most rapid in 2016, when the output figure increased by X% against the previous year. The fig production peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. Fig output in the U.S. indicated an abrupt slump, which was largely conditioned by an abrupt drop of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average yield of figs in the U.S. amounted to X tonne per ha, reducing by -X% against the previous year. In general, fig yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012, when yield increased by X% year-to-year. Over the period under review, the average fig yield attained its peak figure level of X tonne per ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of figs were harvested in the U.S.; reducing by -X% against the previous year. Overall, fig harvested area continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2008, with an increase of X% y-o-y. In that year, the fig harvested area attained their peak figure of X ha. From 2009 to 2017, growth of the fig harvested area stood at a somewhat lower level.

Fig Exports in the USA

In 2017, approx. X tonnes of figs were exported from the U.S.; shrinking by -X% against the previous year. Overall, the total exports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fig exports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. In that year, the fig exports reached their peak volume of X tonnes. From 2015 to 2017, growth of the fig exports stood at a somewhat lower level.

In value terms, fig exports amounted to $X in 2017. In general, the total exports indicated a significant growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fig exports decreased by -X% against 2014 indices. The exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Fig Exports by Country in the USA

Mexico (X tonnes), Canada (X tonnes) and Japan (X tonnes) were the main destinations of fig exports from the U.S., together comprising X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China, Hong Kong SAR ($X) constituted the largest markets for fig exported from the U.S. worldwide, with a combined X% share of total exports.

Mexico (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.

Fig Export Prices by Country in the USA

In 2017, the average fig export price amounted to $X per tonne, going down by -X% against the previous year. Overall, fig export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, an increase of X% y-o-y. In that year, the average export prices for figs attained their peak level of $X per tonne. From 2014 to 2017, growth of the average export prices for figs stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was China, Hong Kong SAR ($X per tonne), while average price for exports to Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Japan (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Fig Imports in the USA

In 2017, the amount of figs imported into the U.S. totaled X tonnes, reducing by -X% against the previous year. In general, fig imports continue to indicate a remarkable growth. The growth pace was the most rapid in 2009, when it surged by X% y-o-y. Over the period under review, the fig imports reached its peak figure volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, fig imports amounted to $X in 2017. In general, fig imports continue to indicate a remarkable growth. Over the period under review, the fig imports attained its maximum level in 2017, and are likely to continue its growth in the near future.

Fig Imports by Country in the USA

In 2017, Turkey (X tonnes) constituted the largest fig supplier to the U.S., with a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second largest supplier, Spain (X tonnes), tenfold. Greece (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Greece (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of fig to the U.S., making up X% of total fig imports. The second position in the ranking was occupied by Greece ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2017, 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: Greece (+X% per year) and Spain (+X% per year).

Fig Import Prices by Country in the USA

In 2017, the average fig import price amounted to $X per tonne, coming up by X% against the previous year. In general, fig import price continues to indicate a strong increase. The growth pace was the most rapid in 2008, when the average import prices increased by X% y-o-y. The import price peaked in 2017, and is likely to continue its growth in the immediate term.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the highest prices were recorded for import prices from Turkey ($X per tonne) and Greece ($X per tonne), while prices for fig imports from Spain ($X per tonne) and Greece ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (+X% per year), the import prices for other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform