GCC: Fig Market 2024

Fig Market Size in GCC

The GCC fig market reduced modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X, and then declined modestly in the following year.

Fig Production in GCC

In value terms, fig production expanded remarkably to $X in 2022 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Saudi Arabia (X tons) remains the largest fig producing country in GCC, comprising approx. X% of total volume. Moreover, fig production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), fivefold.

In Saudi Arabia, fig production expanded at an average annual rate of X% over the period from 2012-2022.

The average fig yield rose sharply to X tons per ha in 2022, surging by X% compared with the previous year. Overall, the yield showed a buoyant increase. The growth pace was the most rapid in 2018 when the yield increased by X%. Over the period under review, the fig yield attained the maximum level at X tons per ha in 2020; however, from 2021 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 GCC; leveling off at the previous year's figure. Overall, the harvested area continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to fig production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Fig Exports

Exports in GCC

In 2022, fig exports in GCC fell to X tons, stabilizing at 2021. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fig exports stood at $X in 2022. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the figs exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest fig supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, fig exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 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 the United Arab Emirates ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Fig Imports

Imports in GCC

Fig imports fell to X tons in 2022, which is down by X% on 2021. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fig imports declined to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Qatar (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2022. The United Arab Emirates (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%). Oman (X tons) took a minor share of total imports.

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

In value terms, Qatar ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 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 the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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