U.S.: Fig Market Overview 2020

Fig Market Size in the U.S.

The revenue of the fig market in the U.S. amounted to $X in 2018, stabilizing at the previous year. In general, fig consumption continues to indicate a measured setback. The pace of growth was the most pronounced in 2016 when the market value increased by X% y-o-y. Fig consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Fig Production in the U.S.

In value terms, fig production stood at $X in 2018. Overall, fig production continues to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, fig production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Average yield of figs in the U.S. amounted to X tonne per ha in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the fig yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Fig yield peaked at X tonne per ha in 2007; however, from 2008 to 2018, 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.

In 2018, the harvested area of figs in the U.S. amounted to X ha, declining by -X% against the previous year. Overall, the fig harvested area continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, the fig harvested area reached its peak level of X ha. From 2009 to 2018, the growth of the fig harvested area remained at a somewhat lower figure.

Fig Exports

Exports from the U.S.

In 2018, the amount of figs exported from the U.S. stood at X tonnes, remaining constant against the previous year. Overall, the total exports indicated a significant expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fig exports decreased by -X% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. In that year, fig exports attained their peak of X tonnes. From 2015 to 2018, the growth of fig exports remained at a somewhat lower figure.

In value terms, fig exports totaled $X in 2018. Over the period under review, the total exports indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fig exports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, fig exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

Mexico (X tonnes) was the main destination for fig exports from the U.S., with a X% share of total exports. Moreover, fig exports to Mexico exceeded the volume sent to the second major destination, Canada (X tonnes), twofold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Japan (-X% per year).

In value terms, the largest markets for fig exported from the U.S. were Mexico ($X), Canada ($X) and China, Hong Kong SAR ($X), with a combined X% share of total exports. These countries were followed by Japan and China, which together accounted for a further X the main countries of destination, China experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fig export price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period under review, the fig export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% y-o-y. In that year, the average export prices for figs reached their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average export prices for figs remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into the U.S.

In 2018, approx. X tonnes of figs were imported into the U.S.; standing approx. at the previous year. Overall, fig imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, fig imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, fig imports totaled $X in 2018. Overall, fig imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, 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), sixfold.

From 2007 to 2018, 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: Spain (-X% per year) and Greece (+X% per year).

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

From 2007 to 2018, the average annual growth rate 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).

Import Prices by Country

The average fig import price stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the import price indicated a resilient expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fig import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for figs attained their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, 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 2018, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform