Global Fig Market 2024

Fig Market Size

The global fig market dropped to $X in 2022, reducing by -3.4% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $X in 2021, and then dropped slightly in the following year.

Fig Production

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 +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 7.8%. Global production peaked at $X in 2021, and then fell modestly in the following year.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Egypt (X tons) and Morocco (X tons), together comprising 52% of global production. Algeria, Iran, Spain, Syrian Arab Republic, the United States, Afghanistan, Albania, Tunisia, Brazil and Greece lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of +11.6%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average yield of figs shrank to X tons per ha, remaining stable against the previous year. The yield figure increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by 9.8%. The global yield peaked at X tons per ha in 2019; however, from 2020 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 worldwide; remaining relatively unchanged against the year before. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 3.7%. The global harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Fig Exports

Exports

For the fourth year in a row, the global market recorded growth in overseas shipments of figs, which increased by 0.4% to X tons in 2022. The total export volume increased at an average annual rate of +5.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fig exports declined to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +9.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33%. The global exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was near 54% of total exports in 2022. It was distantly followed by Afghanistan (X tons) and Austria (X tons), together creating a 15% share of total exports. Saudi Arabia (X tons), Spain (X tons), Germany (X tons), Syrian Arab Republic (X tons), the Netherlands (X tons) and Greece (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fig exports from Turkey stood at +4.1%. At the same time, Austria (+51.9%), Afghanistan (+24.2%), Syrian Arab Republic (+13.4%), Saudi Arabia (+13.1%), the Netherlands (+8.4%), Spain (+3.6%) and Greece (+1.0%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the world, with a CAGR of +51.9% from 2012-2022. Germany experienced a relatively flat trend pattern. While the share of Afghanistan (+7.9 p.p.), Austria (+4.6 p.p.) and Saudi Arabia (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-1.8 p.p.) and Turkey (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest fig supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by Afghanistan ($X), with a 20% share of global exports. It was followed by Austria, with a 4.3% share.

In Turkey, fig exports expanded at an average annual rate of +4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Afghanistan (+25.5% per year) and Austria (+50.9% per year).

Export Prices by Country

The average fig export price stood at $X per ton in 2022, waning by -7.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.4%. The global export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 Afghanistan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the other global leaders experienced more modest paces of growth.

Fig Imports

Imports

In 2022, purchases abroad of figs decreased by -1.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.7% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 17%. Over the period under review, global imports reached the maximum at X tons in 2021, and then contracted slightly in the following year.

In value terms, fig imports declined rapidly to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Germany (X tons), France (X tons), the United States (X tons), China (X tons), India (X tons), Austria (X tons), Kazakhstan (X tons), the UK (X tons), Russia (X tons), the Netherlands (X tons), Canada (X tons) and Italy (X tons) represented roughly 66% of total imports in 2022. Switzerland (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kazakhstan (with a CAGR of +47.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest fig importing markets worldwide were Germany ($X), India ($X) and France ($X), with a combined 29% share of global imports. The United States, Austria, Canada, the UK, the Netherlands, Italy, China, Switzerland, Russia and Kazakhstan lagged somewhat behind, together comprising a further 38%.

China, with a CAGR of +33.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fig import price amounted to $X per ton, reducing by -16.9% against the previous year. In general, the import price recorded a slight setback. The pace of growth was the most pronounced in 2014 an increase of 6.7% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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