Latin America and the Caribbean: Fig Market 2025

Fig Market Size in Latin America and the Caribbean

The Latin American fig market reduced modestly to $X in 2022, which is down by -2.5% against the previous year. In general, consumption, however, recorded a slight decrease. The pace of growth was the most pronounced in 2021 when the market value increased by 6.2% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Fig Production in Latin America and the Caribbean

In value terms, fig production declined modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Mexico (X tons) and Peru (X tons), together comprising 89% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Mexico (with a CAGR of +9.5%), while production for the other leaders experienced more modest paces of growth.

The average fig yield reduced to X tons per ha in 2022, approximately reflecting the year before. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3.4%. Over the period under review, the fig yield attained the maximum level 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, the total area harvested in terms of figs production in Latin America and the Caribbean contracted to X ha, approximately equating 2021. Over the period under review, the harvested area continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 1.4%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Fig Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of figs were exported in Latin America and the Caribbean; which is down by -22.1% compared with the previous year. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% 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 +40.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, fig exports fell rapidly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 109%. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Brazil (X tons) and Mexico (X tons) prevails in exports structure, together constituting 91% of total exports. The following exporters - Argentina (X tons) and Chile (X tons) - together made up 5.3% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mexico (with a CAGR of +6.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 92% of total exports.

Mexico, with a CAGR of +5.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -5.4% against the previous year. In general, the export price showed a slight slump. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 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 Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.1%), while the other leaders experienced a decline in the export price figures.

Fig Imports

Imports in Latin America and the Caribbean

In 2022, fig imports in Latin America and the Caribbean shrank dramatically to X tons, falling by -26.1% on 2021. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 223%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, fig imports declined to $X in 2022. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 86% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Mexico was the major importer of figs in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was approx. 58% of total imports in 2022. Brazil (X tons) ranks second in terms of the total imports with a 17% share, followed by the Dominican Republic (8.2%) and Argentina (5.2%). The following importers - Panama (X tons) and El Salvador (X tons) - each amounted to a 3.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fig imports into Mexico stood at -13.8%. At the same time, the Dominican Republic (+31.1%), El Salvador (+6.2%), Panama (+2.2%) and Argentina (+1.7%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +31.1% from 2012-2022. By contrast, Brazil (-9.4%) illustrated a downward trend over the same period. While the share of the Dominican Republic (+8 p.p.), Argentina (+3.8 p.p.) and Brazil (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-23.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fig importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and the Dominican Republic ($X), with a combined 68% share of total imports.

The Dominican Republic, with a CAGR of +24.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 22% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 98% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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