Report Update Nov 1, 2024

Bangladesh - Figs - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Bangladesh: Fig Market 2024

Fig Market Size in Bangladesh

The Bangladeshi fig market totaled $X in 2022, picking up by 4.8% against the previous year. In general, consumption recorded a buoyant increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Fig Production in Bangladesh

In value terms, fig production amounted to less than $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern.

In 2022, the average fig yield in Bangladesh totaled less than X kg per ha, approximately mirroring 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The fig harvested area in Bangladesh totaled less than X ha in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Fig Exports

Exports from Bangladesh

In 2022, the amount of figs exported from Bangladesh amounted to X tons, flattening at the previous year's figure. Over the period under review, exports posted significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fig exports totaled $X in 2022. Overall, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Qatar (X tons) was the main destination for fig exports from Bangladesh, accounting for a 97% share of total exports. Moreover, fig exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar was relatively modest.

Export Prices by Country

In 2022, the average fig export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price recorded a mild decrease. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-5.1%).

Fig Imports

Imports into Bangladesh

Fig imports into Bangladesh shrank to X tons in 2022, waning by -7.9% on the year before. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 907% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fig imports dropped to $X in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 1,147%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest fig supplier to Bangladesh, accounting for a 70% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. The third position in this ranking was held by Pakistan (X kg), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +76.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+4.3% per year) and Pakistan (+19.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of figs to Bangladesh, comprising 49% of total imports. The second position in the ranking was taken by Egypt ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +85.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-0.0% per year) and the United Arab Emirates (+24.3% per year).

Import Prices by Country

The average fig import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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 2021 were Turkey, Egypt and Morocco, with a combined 45% share of global consumption. These countries were followed by Iran, Algeria, Spain, Syrian Arab Republic, the United States, India, Tunisia, Albania, France and Brazil, which together accounted for a further 37%.

What are the largest producers of figs in the world?

The countries with the highest volumes of fig production in 2021 were Turkey, Egypt and Morocco, together comprising 52% of global production. Iran, Algeria, Spain, Syrian Arab Republic, the United States, Tunisia, Albania, Brazil and Greece lagged somewhat behind, together comprising a further 35%.

What are the leading suppliers of figs to Bangladesh?

In value terms, Egypt constituted the largest supplier of fig to Bangladesh, comprising 31% of total imports. The second position in the ranking was occupied by Turkey, with a 15% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

What are the leading importers of figs from Bangladesh?

In value terms, the United Arab Emirates $347) remains the key foreign market for fig exports from Bangladesh.

What is the average export price for figs in Bangladesh?

The average fig export price stood at $1,856 per ton in 2021, growing by 11% against the previous year.

What is the average import price for figs in Bangladesh?

The average fig import price stood at $1,730 per ton in 2021, approximately mirroring the previous year.

This report provides an in-depth analysis of the fig market in Bangladesh. 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 2030.

Product coverage:

FCL 569 - Figs

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023