Asia: Fig Market 2024

Fig Market Size in Asia

The Asian fig market reduced to $X in 2022, which is down by -5% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Fig Production in Asia

In value terms, fig production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 13%. Over the period under review, production hit record highs at $X in 2018; afterwards, it flattened through to 2022.

The country with the largest volume of fig production was Turkey (X tons), accounting for 53% of total volume. Moreover, fig production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), threefold. Syrian Arab Republic (X tons) ranked third in terms of total production with a 7.7% share.

In Turkey, fig production expanded at an average annual rate of +1.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (+5.3% per year) and Syrian Arab Republic (+1.0% per year).

In 2022, the average fig yield in Asia reduced to X tons per ha, remaining constant against the previous year. The yield indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fig yield decreased by -0.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the yield increased by 12%. The level of yield peaked at X tons per ha in 2019; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of figs were harvested in Asia; therefore, remained relatively stable against the previous year's figure. In general, the harvested area saw a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of 11%. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Fig Exports

Exports in Asia

For the eighth consecutive year, Asia recorded growth in shipments abroad of figs, which increased by 3.1% to X tons in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.3% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of 29%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, fig exports contracted modestly to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell modestly in the following year.

Exports by Country

Turkey was the main exporting country with an export of about X tons, which finished at 72% of total exports. It was distantly followed by Afghanistan (X tons) and Saudi Arabia (X tons), together committing an 18% share of total exports. Syrian Arab Republic (X tons) and Iran (X tons) held a little share of total exports.

Exports from Turkey increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Afghanistan (+24.2%), Syrian Arab Republic (+13.4%), Saudi Arabia (+13.1%) and Iran (+2.7%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +24.2% from 2012-2022. Afghanistan (+10 p.p.), Saudi Arabia (+2.4 p.p.) and Syrian Arab Republic (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -16% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest fig supplier in Asia, comprising 65% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 27% share of total exports. It was followed by Syrian Arab Republic, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (+25.5% per year) and Syrian Arab Republic (+14.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with a decrease of -5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 when the export price increased by 16%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+1.0%), while the other leaders experienced more modest paces of growth.

Fig Imports

Imports in Asia

In 2022, the amount of figs imported in Asia expanded remarkably to X tons, with an increase of 6.1% on 2021 figures. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 43%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, fig imports declined rapidly to $X in 2022. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. The level of import peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X tons) and India (X tons) were the key importers of figs in Asia, together resulting at approx. 45% of total imports. Kazakhstan (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (5.1%). The following importers - Qatar (X tons), Saudi Arabia (X tons), Syrian Arab Republic (X tons), Hong Kong SAR (X tons), Japan (X tons), the United Arab Emirates (X tons), Kuwait (X tons), Iraq (X tons) and Pakistan (X tons) - together made up 29% of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +78.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported figs in Asia, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Japan, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +1.7%. The remaining importing countries recorded the following average annual rates of imports growth: China (+33.6% per year) and Japan (+3.7% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, which is down by -35.7% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the import price increased by 8%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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