U.S.: Fig Market 2024

Fig Market Size in the U.S.

In 2022, the U.S. fig market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Fig consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fig Production in the U.S.

In value terms, fig production reached $X in 2022. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average fig yield in the United States shrank modestly to X tons per ha, standing approx. at the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the yield reached 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.

The fig harvested area in the United States reduced slightly to X ha in 2022, standing approx. at 2021 figures. Over the period under review, the harvested area saw a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X%. The fig harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Fig Exports

Exports from the U.S.

Fig exports from the United States fell rapidly to X tons in 2022, dropping by X% against 2021. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fig exports contracted to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Canada (X tons) and Hong Kong SAR (X tons) were the main destinations of fig exports from the United States, together accounting for X% of total exports. Turkey and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Canada ($X) remains the key foreign market for figs exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average fig export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fig export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

Fig Imports

Imports into the U.S.

In 2022, approx. X tons of figs were imported into the United States; surging by X% compared with 2021 figures. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, fig imports rose significantly to $X in 2022. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of fig to the United States, with a X% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. Afghanistan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Afghanistan (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of figs to the United States, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with an X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Greece (X% per year).

Import Prices by Country

The average fig import price stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price saw a mild decrease. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked 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 origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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