France and Germany Remain the Largest Markets for Imported Figs in the EU

IndexBox has just published a new report: 'EU - Figs - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the fig market in the European Union amounted to $431M in 2018, rising by 5.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the fig market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Consumption By Country in the EU

The countries with the highest volumes of fig consumption in 2018 were Spain (32K tons), France (18K tons) and Germany (13K tons), together accounting for 55% of total consumption. Italy, Greece, the UK, Austria, Portugal and Cyprus lagged somewhat behind, together accounting for a further 35%.

From 2007 to 2018, the most notable rate of growth in terms of fig consumption, amongst the main consuming countries, was attained by Austria, while fig consumption for the other leaders experienced more modest paces of growth.

In value terms, Spain ($111M), France ($61M) and Germany ($51M) appeared to be the countries with the highest levels of market value in 2018, together accounting for 51% of the total market. These countries were followed by Italy, Greece, the UK, Cyprus, Austria and Portugal, which together accounted for a further 38%.

In 2018, the highest levels of fig per capita consumption was registered in Cyprus (3,009 kg per 1000 persons), followed by Greece (751 kg per 1000 persons), Spain (684 kg per 1000 persons) and Austria (568 kg per 1000 persons), while the world average per capita consumption of fig was estimated at 228 kg per 1000 persons.

Market Forecast 2019-2025 in the EU

Driven by increasing demand for fig in the European Union, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.5% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 129K tons by the end of 2025.

Production in the EU

The fig production stood at 73K tons in 2018, stabilizing at the previous year. Over the period under review, fig production, however, continues to indicate a relatively flat trend pattern.

Production By Country in the EU

Spain (38K tons) constituted the country with the largest volume of fig production, accounting for 52% of total volume. Moreover, fig production in Spain exceeded the figures recorded by the second-largest producer, Greece (13K tons), threefold. The third position in this ranking was occupied by Italy (11K tons), with a 15% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Spain stood at +3.5%. In the other countries, the average annual rates were as follows: Greece (-3.9% per year) and Italy (-4.0% per year).

Harvested Area and Yield in the EU

In 2018, the fig harvested area in the European Union stood at 24K ha, approximately equating the previous year. Overall, the fig harvested area continues to indicate a slight decrease.

In 2018, the average yield of figs in the European Union amounted to 3 ton per ha, rising by 1.7% against the previous year. Over the period under review, the fig yield continues to indicate a relatively flat trend pattern.

Exports in the EU

The exports amounted to 28K tons in 2018, approximately mirroring the previous year. The total export volume increased at an average annual rate of +4.4% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of exports peaked in 2018 and are likely to continue its growth in the immediate term. In value terms, fig exports amounted to $117M (IndexBox estimates) in 2018.

Exports by Country

The exports of the five major exporters of figs, namely Spain, Greece, the Netherlands, Germany and Italy, represented more than two-thirds of total export. It was distantly followed by France (1,995 tons), constituting a 7.1% share of total exports. Belgium (1,247 tons) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest fig markets in the European Union were Spain ($26M), the Netherlands ($21M) and Germany ($18M), with a combined 55% share of total exports.

Export Prices by Country

The fig export price in the European Union stood at $4,194 per ton in 2018, picking up by 7.4% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.1%.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($5,523 per ton), while Italy ($3,137 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 71K tons of figs were imported in the European Union; remaining constant against the previous year. The total import volume increased at an average annual rate of +2.6% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of imports peaked at 75K tons in 2016; however, from 2017 to 2018, imports remained at a lower figure. In value terms, fig imports amounted to $277M (IndexBox estimates) in 2018.

Imports by Country

France (17K tons) and Germany (17K tons) represented roughly 47% of total imports of figs in 2018. The UK (7,521 tons) occupied an 11% share (based on tons) of total imports, which put it in second place, followed by Austria (7.3%), the Netherlands (6.4%) and Italy (6.1%). Belgium (2,932 tons), Poland (1,568 tons), Sweden (1,523 tons), Spain (1,423 tons), Portugal (1,246 tons) and Denmark (1,076 tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($64M), France ($56M) and the UK ($29M) constituted the countries with the highest levels of imports in 2018, with a combined 54% share of total imports. Austria, Italy, the Netherlands, Belgium, Sweden, Poland, Spain, Denmark and Portugal lagged somewhat behind, together accounting for a further 37%.

Import Prices by Country

The fig import price in the European Union stood at $3,875 per ton in 2018, rising by 1.8% against the previous year. In general, the fig import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($4,903 per ton), while Portugal ($3,073 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Market Intelligence Platform