Italy: Fig Market 2024

Fig Market Size in Italy

The Italian fig market contracted to $X in 2022, with a decrease of -5.7% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +97.0% against 2017 indices. Fig consumption peaked at $X in 2021, and then dropped in the following year.

Fig Production in Italy

In value terms, fig production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +55.2% against 2017 indices. The growth pace was the most rapid in 2019 when the production volume increased by 26% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then declined in the following year.

In 2022, the average fig yield in Italy totaled X tons per ha, therefore, remained relatively stable against 2021 figures. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Over the period under review, the average fig yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of figs production in Italy shrank to X ha, almost unchanged from 2021. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 26% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the fig harvested area remained at a somewhat lower figure.

Fig Exports

Exports from Italy

After two years of growth, shipments abroad of figs decreased by -19.9% to X tons in 2022. Overall, exports saw a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of 53%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, fig exports plummeted to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 41%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of fig exports from Italy, together accounting for 52% of total exports. The UK, Sweden, Austria, Luxembourg, Spain, the Netherlands, Norway, Slovenia, Belgium and Croatia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +67.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Switzerland ($X) appeared to be the largest markets for fig exported from Italy worldwide, together accounting for 42% of total exports. Norway, Sweden, Austria, Spain, the UK, Luxembourg, Slovenia, Croatia, the Netherlands and Belgium lagged somewhat behind, together comprising a further 45%.

Among the main countries of destination, Norway, with a CAGR of +68.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fig export price amounted to $X per ton, shrinking by -14.4% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into Italy

In 2022, approx. X tons of figs were imported into Italy; which is down by -15.3% compared with the year before. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 35%. Imports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, fig imports fell markedly to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 33% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of fig to Italy, accounting for a 60% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+1.1% per year) and Spain (+12.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of figs to Italy, comprising 59% of total imports. The second position in the ranking was held by Greece ($X), with a 23% share of total imports. It was followed by Spain, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+4.5% per year) and Spain (+14.1% per year).

Import Prices by Country

The average fig import price stood at $X per ton in 2022, with a decrease of -4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2014 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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