MERCOSUR: Fig Market 2025

Fig Market Size in MERCOSUR

The MERCOSUR fig market dropped modestly to $X in 2022, waning by -4% against the previous year. Over the period under review, consumption recorded a pronounced downturn. 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 MERCOSUR

In value terms, fig production contracted to $X in 2022 estimated in export price. In general, production showed a perceptible decline. The growth pace was the most rapid in 2021 when the production volume increased by 12%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of fig production was Brazil (X tons), accounting for 76% of total volume. Moreover, fig production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tons), sevenfold. Colombia (X tons) ranked third in terms of total production with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil stood at -3.2%. The remaining producing countries recorded the following average annual rates of production growth: Peru (+0.2% per year) and Colombia (+1.9% per year).

In 2022, the average yield of figs in MERCOSUR shrank modestly to X tons per ha, with a decrease of -2.4% compared with the year before. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 5% against the previous year. Over the period under review, the fig yield attained the maximum level at X tons per ha in 2015; however, from 2016 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, approx. X ha of figs were harvested in MERCOSUR; approximately reflecting the previous year's figure. In general, the harvested area recorded a mild decrease. The pace of growth was the most pronounced in 2015 when the harvested area increased by 1.2% against the previous year. Over the period under review, the harvested area dedicated to fig production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Fig Exports

Exports in MERCOSUR

In 2022, exports of figs in MERCOSUR fell to X tons, which is down by -7.3% compared with the previous year's figure. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 37%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fig exports shrank dramatically to $X in 2022. Over the period under review, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, accounting for X tons, which was approx. 86% of total exports in 2022. It was distantly followed by Argentina (X tons), making up a 4.9% share of total exports. The following exporters - Chile (X tons), Peru (X tons) and Colombia (X tons) - together made up 9% of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of figs. At the same time, Peru (+7.8%) and Colombia (+1.8%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +7.8% from 2012-2022. By contrast, Argentina (-5.1%) and Chile (-6.6%) illustrated a downward trend over the same period. While the share of Brazil (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-2.6 p.p.) and Chile (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest fig supplier in MERCOSUR, comprising 78% of total exports. The second position in the ranking was held by Chile ($X), with a 9.1% share of total exports. It was followed by Peru, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to -2.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-3.7% per year) and Peru (+11.3% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, shrinking by -12.3% against the previous year. Overall, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by 11%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.3%), while the other leaders experienced more modest paces of growth.

Fig Imports

Imports in MERCOSUR

In 2022, after three years of decline, there was significant growth in supplies from abroad of figs, when their volume increased by 28% to X tons. Overall, imports, however, saw a abrupt curtailment. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, fig imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 49%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) represented the main importer of figs, generating 69% of total imports. It was distantly followed by Argentina (X tons), generating a 21% share of total imports. Uruguay (X tons), Colombia (X tons) and Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fig imports into Brazil stood at -9.4%. At the same time, Colombia (+30.3%), Uruguay (+3.1%) and Argentina (+1.7%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +30.3% from 2012-2022. By contrast, Venezuela (-16.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina, Uruguay and Colombia increased by +13, +2.6 and +2.3 percentage points, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported figs in MERCOSUR, comprising 66% of total imports. The second position in the ranking was taken by Argentina ($X), with a 19% share of total imports. It was followed by Colombia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled -7.8%. In the other countries, the average annual rates were as follows: Argentina (+1.9% per year) and Colombia (+38.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, waning by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 an increase of 22%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, 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 Colombia ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform