Egypt: Fig Market 2024

Fig Market Size in Egypt

The Egyptian fig market contracted modestly to $X in 2022, which is down by -4.4% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank slightly in the following year.

Fig Production in Egypt

In value terms, fig production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. As a result, production attained the peak level of $X, and then declined modestly in the following year.

In 2022, the average yield of figs in Egypt contracted modestly to X tons per ha, waning by -2.7% on the previous year. In general, the yield, however, showed slight growth. The pace of growth was the most pronounced in 2018 when the yield increased by 9.2% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average fig yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of figs in Egypt dropped modestly to X ha, approximately equating the year before. Over the period under review, the harvested area, however, showed a slight expansion. The pace of growth was the most pronounced in 2019 with an increase of 9.1%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2022, the growth of the fig harvested area failed to regain momentum.

Fig Exports

Exports from Egypt

In 2022, fig exports from Egypt declined markedly to X tons, waning by -48.5% against 2021 figures. Over the period under review, exports saw a slight curtailment. The growth pace was the most rapid in 2019 with an increase of 195% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined dramatically in the following year.

In value terms, fig exports fell dramatically to $X in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 145% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Kuwait (X tons) was the main destination for fig exports from Egypt, accounting for a 69% share of total exports. Moreover, fig exports to Kuwait exceeded the volume sent to the second major destination, Bahrain (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+62.8% per year) and the UK (+53.3% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for figs exports from Egypt, comprising 69% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 12% share of total exports. It was followed by the UK, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+57.0% per year) and the UK (+31.0% per year).

Export Prices by Country

In 2022, the average fig export price amounted to $X per ton, declining by -3.3% against the previous year. In general, the export price continues to indicate a perceptible descent. The growth pace was the most rapid in 2020 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($X per ton) and Russia ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+153.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into Egypt

In 2022, supplies from abroad of figs increased by 23% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 154%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fig imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 170% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of fig to Egypt, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +7.1%.

In value terms, Turkey ($X) constituted the largest supplier of figs to Egypt.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +11.5%.

Import Prices by Country

In 2022, the average fig import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fig import price increased by +61.2% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 29% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +4.1% per year.

Source: IndexBox Platform

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