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Vietnam - Figs - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Fig Market Overview 2021

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Fig Market Size in Vietnam

In 2020, the Vietnamese fig market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a deep setback. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2011 to 2020, the growth of the market remained at a somewhat lower figure.

Fig Exports

Exports from Vietnam

In 2020, approx. X tonnes of figs were exported from Viet Nam; increasing by X% compared with the previous year. Over the period under review, exports recorded a strong expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fig exports soared to $X in 2020. In general, exports recorded a remarkable increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tonnes) was the main destination for fig exports from Viet Nam, accounting for a X% share of total exports. Moreover, fig exports to China exceeded the volume sent to the second major destination, Qatar (X tonnes), sevenfold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Germany (+X% per year).

In value terms, China ($X), Qatar ($X) and Germany ($X) appeared to be the largest markets for fig exported from Viet Nam worldwide, with a combined X% share of total exports. These countries were followed by Macao SAR, which accounted for a further X SAR (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average fig export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per tonne), while the average price for exports to China ($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 China, while the prices for the other major destinations experienced mixed trend patterns.

Fig Imports

Imports into Vietnam

In 2020, overseas purchases of figs increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, fig imports totaled $X in 2020. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2011 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Iran (X tonnes) was the main fig supplier to Viet Nam, with a X% share of total imports. Moreover, fig imports from Iran exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Iran totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Hong Kong SAR (+X% per year).

In value terms, Iran ($X) constituted the largest supplier of fig to Viet Nam, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Iran stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

The average fig import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?
+
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. Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China lagged somewhat behind, together accounting for a further 37%.
What are the largest producers of figs in the world?
+
The countries with the highest volumes of fig production in 2020 were Turkey (320K tonnes), Egypt (222K tonnes) and Morocco (166K tonnes), together comprising 52% of global production.
What are the leading suppliers of figs to Vietnam?
+
In value terms, Iran ($181K) constituted the largest supplier of fig to Viet Nam, comprising 97% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($3.5K), with a 1.9% share of total imports.
What are the leading importers of figs from Vietnam?
+
In value terms, China ($32K), Qatar ($22K) and Germany ($14K) constituted the largest markets for fig exported from Viet Nam worldwide, with a combined 87% share of total exports. These countries were followed by Macao SAR, which accounted for a further 5.2%.
What is the average export price for figs in Vietnam?
+
The average fig export price stood at $2,261 per tonne in 2020, dropping by -33.9% against the previous year.
What is the average import price for figs in Vietnam?
+
In 2020, the average fig import price amounted to $5,158 per tonne, growing by 4.7% against the previous year.

Product coverage:
• FCL 569 - Figs

This report provides an in-depth analysis of the fig market in Vietnam. 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 2025.


Country coverage:
• Viet Nam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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