Peru: Fig Market 2025

Fig Market Size in Peru

The Peruvian fig market amounted to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fig Production in Peru

In value terms, fig production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. Fig production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of figs in Peru dropped slightly to X tons per ha in 2022, flattening at 2021 figures. The yield figure increased at an average annual rate of +2.0% over the period 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 with an increase of 21%. As a result, the yield attained the peak level of X tons per ha; 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 Peru reduced slightly to X ha, approximately mirroring the previous year's figure. In general, the harvested area saw a slight contraction. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 4.3% against the previous year. The fig harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Fig Exports

Exports from Peru

In 2022, exports of figs from Peru reduced slightly to X tons, with a decrease of -1.8% on 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +1.9% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 46%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, fig exports declined modestly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 51%. 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

The Netherlands (X tons), the UK (X tons) and Canada (X tons) were the main destinations of fig exports from Peru, together comprising 48% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +20.2%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Canada ($X) constituted the largest markets for fig exported from Peru worldwide, with a combined 48% share of total exports.

The UK, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, picking up by 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 8.7%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Hong Kong SAR ($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 Hong Kong SAR (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fig Imports

Imports into Peru

In 2022, supplies from abroad of figs increased by 7.3% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 213%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, fig imports surged to $X in 2022. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 265% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of fig to Peru, with a 94% share of total imports. Moreover, fig imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -7.5%.

In value terms, the United States ($X) constituted the largest supplier of figs to Peru, comprising 89% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

In 2022, the average fig import price amounted to $X per ton, increasing by 38% against the previous year. Overall, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.9%).

Source: IndexBox Platform

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