Global Fig Market Overview 2021

Fig Market Size

In 2020, the global fig market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fig Production

In value terms, fig production soared to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of fig production in 2020 were Turkey (X tonnes), Egypt (X tonnes) and Morocco (X tonnes), with a combined X% share of global production.

From 2007 to 2020, the biggest increases were in Morocco, while fig production for the other global leaders experienced more modest paces of growth.

In 2020, the global average fig yield rose modestly to X tonnes per ha, surging by X% on the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the average fig yield reached the maximum level in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of figs were harvested worldwide; flattening at 2019 figures. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to fig production reached the peak figure at X ha in 2013; however, from 2014 to 2020, the harvested area stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of fig production in 2020 were Turkey (X tonnes), Egypt (X tonnes) and Morocco (X tonnes), with a combined X% share of global production.

From 2007 to 2020, the most notable rate of growth in terms of fig production, amongst the leading producing countries, was attained by Morocco, while fig production for the other global leaders experienced more modest paces of growth.

Fig Exports

Exports

In 2020, approx. X tonnes of figs were exported worldwide; shrinking by -X% against the year before. Over the period under review, total exports indicated a temperate increase from 2007 to 2020: its volume 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. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, global exports reached the peak figure at X tonnes in 2019, and then declined markedly in the following year.

In value terms, fig exports dropped to $X in 2020. Overall, total exports indicated temperate growth from 2007 to 2020: its value 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, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2018 to 2020, the growth of global exports remained at a somewhat lower figure.

Exports by Country

Turkey represented the key exporter of figs in the world, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2020. It was distantly followed by Afghanistan (X tonnes) and Spain (X tonnes), together achieving a X% share of total exports. The following exporters - Germany (X tonnes), the Netherlands (X tonnes), Saudi Arabia (X tonnes), Greece (X tonnes), Italy (X tonnes), Iran (X tonnes), the U.S. (X tonnes) and Belarus (X tonnes) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to fig exports from Turkey stood at +X%. At the same time, Belarus (+X%), Saudi Arabia (+X%), Afghanistan (+X%), Germany (+X%), Greece (+X%), Italy (+X%), the Netherlands (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. By contrast, the U.S. (-X%) and Iran (-X%) illustrated a downward trend over the same period. Afghanistan (+X p.p.), Saudi Arabia (+X p.p.), Germany (+X p.p.) and Belarus (+X p.p.) significantly strengthened its position in terms of the global exports, while the U.S., Iran and Turkey saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fig supplying countries worldwide were Turkey ($X), Afghanistan ($X) and Germany ($X), with a combined X% share of global exports. These countries were followed by Spain, the Netherlands, Greece, the U.S., Italy, Saudi Arabia, Iran and Belarus, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average fig export price amounted to $X per tonne, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Afghanistan ($X per tonne), while Belarus ($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 other global leaders experienced more modest paces of growth.

Fig Imports

Imports

In 2020, after four years of growth, there was significant decline in purchases abroad of figs, when their volume decreased by -X% to X tonnes. Over the period under review, total imports indicated temperate growth from 2007 to 2020: its volume 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. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, global imports attained the maximum at X tonnes in 2019, and then shrank in the following year.

In value terms, fig imports contracted slightly to $X in 2020. In general, total imports indicated a prominent increase from 2007 to 2020: its value increased 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. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, global imports reached the peak figure at $X in 2019, and then fell slightly in the following year.

Imports by Country

The purchases of the four major importers of figs, namely Germany, India, France and the U.S., represented more than third of total import. The UK (X tonnes), the Netherlands (X tonnes), Italy (X tonnes), Switzerland (X tonnes), China (X tonnes), Belarus (X tonnes), Belgium (X tonnes) and Kuwait (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus, while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of global imports. The U.S., the UK, the Netherlands, Switzerland, Italy, Belgium, Belarus, China and Kuwait lagged somewhat behind, together accounting for a further X the main importing countries, Belarus saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average fig import price amounted to $X per tonne, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Global import price peaked at $X per tonne in 2018; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per tonne), while Kuwait ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI 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 (264K tonnes), Egypt (223K tonnes) and Morocco (166K tonnes), with a combined 47% share of global consumption.

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), together comprising 52% of global production.

What are the leading exporters of figs in the world?

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In value terms, the largest fig supplying countries worldwide were Turkey ($214M), Afghanistan ($136M) and Germany ($21M), with a combined 72% share of global exports. Spain, the Netherlands, Greece, the U.S., Italy, Saudi Arabia, Iran and Belarus lagged somewhat behind, together comprising a further 17%.

What are the leading importers of figs in the world?

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In value terms, the largest fig importing markets worldwide were India ($135M), Germany ($73M) and France ($63M), together comprising 44% of global imports. The U.S., the UK, the Netherlands, Switzerland, Italy, Belgium, Belarus, China and Kuwait lagged somewhat behind, together accounting for a further 26%.

What is the average export price for figs in the world?

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In 2020, the average fig export price amounted to $4,257 per tonne, surging by 9.1% against the previous year.

What is the average import price for figs in the world?

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In 2020, the average fig import price amounted to $4,153 per tonne, increasing by 5.4% against the previous year.