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

Frequently Asked Questions (FAQ) :