U.S.: Fig Market Overview 2021

Fig Market Size in the U.S.

In 2020, after two years of growth, there was decline in the U.S. fig market, when its value decreased by -X% to $X. In general, the total consumption indicated a mild increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then fell modestly in the following year.

Fig Production in the U.S.

In value terms, fig production dropped to $X in 2020. Over the period under review, production recorded a slight contraction. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Fig production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

The average yield of figs in the U.S. declined to X tonnes per ha in 2020, approximately reflecting 2019 figures. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. The fig yield peaked at X tonnes per ha in 2007; however, from 2008 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The fig harvested area in the U.S. reduced to X ha in 2020, with a decrease of -X% against 2019. Overall, the harvested area continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2008 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2009 to 2020, the growth of the fig harvested area failed to regain the momentum.

Fig Exports

Exports from the U.S.

For the fourth consecutive year, the U.S. recorded decline in overseas shipments of figs, which decreased by -X% to X tonnes in 2020. In general, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, fig exports fell dramatically to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and Hong Kong SAR (X tonnes) were the main destinations of fig exports from the U.S., with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR, while exports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for fig exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

The average fig export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the period under review, export price indicated tangible growth from 2007 to 2020: its price 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, fig export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2019, and then reduced in the following year.

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

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

Fig Imports

Imports into the U.S.

For the third year in a row, the U.S. recorded growth in overseas purchases of figs, which increased by X% to X tonnes in 2020. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, fig imports rose slightly to $X in 2020. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest supplier of fig 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, Mexico (X tonnes), more than tenfold. The third position in this ranking was occupied by Greece (X tonnes), 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: Mexico (+X% per year) and Greece (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Greece (+X% per year).

Import Prices by Country

The average fig import price stood at $X per tonne in 2020, waning by -X% against the previous year. In general, import price indicated a pronounced expansion from 2007 to 2020: its price 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, fig import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, 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 (249K tonnes), Egypt (223K tonnes) and Morocco (165K tonnes), with a combined 47% share of global consumption. These countries were followed by Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China, which together accounted for 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), with a combined 52% share of global production.

What are the leading suppliers of figs to the U.S.?

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In value terms, Turkey ($39M) constituted the largest supplier of fig to the U.S., comprising 84% of total imports. The second position in the ranking was occupied by Mexico ($2.7M), with a 5.7% share of total imports. It was followed by Greece, with a 5.4% share.

What are the leading importers of figs from the U.S.?

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In value terms, Canada ($6.1M) remains the key foreign market for fig exports from the U.S., comprising 55% of total exports. The second position in the ranking was occupied by Mexico ($1.6M), with a 15% share of total exports. It was followed by Hong Kong SAR, with a 13% share.

What is the average export price for figs in the U.S.?

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In 2020, the average fig export price amounted to $5,457 per tonne, declining by -6.8% against the previous year.

What is the average import price for figs in the U.S.?

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The average fig import price stood at $3,147 per tonne in 2020, which is down by -13.2% against the previous year.