Global Fig Market Overview 2020

Fig Market Size

After two years of growth, the global fig market decreased by -X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the global market hit record highs at $X in 2018, and then shrank slightly in the following year.

Fig Production

In value terms, fig production contracted to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Global production peaked at $X in 2018, and then dropped in the following year.

The countries with the highest volumes of fig production in 2019 were Turkey (X tonnes), Egypt (X tonnes) and Morocco (X tonnes), together comprising X% of global production.

From 2007 to 2019, the most notable rate of growth in terms of fig production, amongst the main producing countries, was attained by Morocco, while fig production for the other global leaders experienced more modest paces of growth.

The global average fig yield rose modestly to X tonnes per ha in 2019, increasing by X% on the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. The global yield peaked at X tonnes per ha in 2015; afterwards, it flattened through to 2019. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of figs production worldwide declined modestly to X ha, approximately equating 2018. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to fig production attained the maximum at X ha in 2013; however, from 2014 to 2019, the harvested area stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of fig production in 2019 were Turkey (X tonnes), Egypt (X tonnes) and Morocco (X tonnes), together comprising X% of global production.

From 2007 to 2019, 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 2019, overseas shipments of figs increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, global exports attained the maximum in 2019 and are likely to see steady growth in years to come.

In value terms, fig exports declined slightly to $X in 2019. The total export value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Global exports peaked at $X in 2018, and then contracted slightly in the following year.

Exports by Country

Turkey prevails in fig exports structure, amounting to X tonnes, which was near X% of total exports in 2019. It was distantly followed by Spain (X tonnes), creating a X% share of total exports. The following exporters - Germany (X tonnes), the Netherlands (X tonnes), Syrian Arab Republic (X tonnes), Greece (X tonnes), the U.S. (X tonnes), France (X tonnes) and Iran (X tonnes) - together made up X% of total exports.

From 2007 to 2019, average annual rates of growth with regard to fig exports from Turkey stood at +X%. At the same time, Greece (+X%), Germany (+X%), Spain (+X%), Syrian Arab Republic (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. France experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Iran (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) and Spain (+X p.p.) significantly strengthened its position in terms of the global exports, while Iran saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest fig supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by Spain, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Turkey amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Spain (+X% per year).

Export Prices by Country

The average fig export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while Iran ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic, while the other global leaders experienced more modest paces of growth.

Fig Imports

Imports

In 2019, approx. X tonnes of figs were imported worldwide; increasing by X% compared with the year before. Overall, total imports indicated a notable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Global imports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, fig imports amounted to $X in 2019. In general, total imports indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, global imports reached the maximum in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, India (X tonnes), followed by Germany (X tonnes), France (X tonnes), the U.S. (X tonnes) and the UK (X tonnes) represented the largest importers of figs, together mixing up X% of total imports. Russia (X tonnes), Austria (X tonnes), Italy (X tonnes), the Netherlands (X tonnes), Canada (X tonnes), Viet Nam (X tonnes) and Switzerland (X tonnes) occupied a little share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India, while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of global imports. These countries were followed by the U.S., the UK, Austria, Canada, Italy, the Netherlands, Switzerland, Viet Nam and Russia, which together accounted for a further X terms of the main importing countries, Viet Nam saw the highest rates of growth with regard to 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

The average fig import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2019, 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 2019 were Turkey (233K tonnes), Egypt (184K tonnes) and Morocco (138K tonnes), with a combined 47% share of global consumption. These countries were followed by Algeria, Iran, Spain, India, the U.S., Syrian Arab Republic, Tunisia, Albania and Brazil, which together accounted for a further 34%.

What are the largest producers of figs in the world?

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The countries with the highest volumes of fig production in 2019 were Turkey (317K tonnes), Egypt (184K tonnes) and Morocco (137K tonnes), together comprising 55% of global production.

What are the leading exporters of figs in the world?

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In value terms, Turkey ($287M) remains the largest fig supplier worldwide, comprising 61% of global exports. The second position in the ranking was occupied by the Netherlands ($21M), with a 4.5% share of global exports. It was followed by Spain, with a 4.4% share.

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 ($96M), Germany ($63M) and France ($57M), with a combined 36% share of global imports. The U.S., the UK, Austria, Canada, Italy, the Netherlands, Switzerland, Viet Nam and Russia lagged somewhat behind, together comprising a further 33%.

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

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The average fig export price stood at $3,591 per tonne in 2019, shrinking by -6.4% against the previous year.

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

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The average fig import price stood at $3,725 per tonne in 2019, which is down by -4.4% against the previous year.