Figs market in Cyprus

Earlier Report Observations

The fig market in Cyprus, measured by total volume, expanded from 1 562 t in 2018 to a peak of 1 930 t in 2020, a growth of over 20% driven by a concurrent rise in domestic production from 1 340 t to 1 760 t.

A reversal began in 2021, with market volume contracting to 1 430 t and further to 1 161 t in 2023. This decline was led by a sharp fall in local fig output, which dropped to 880 t in 2023. Although imports grew to 281 t in the same year, they could not compensate for the reduced domestic supply.

By 2023, the total market volume was approximately 25% below its 2020 peak, indicating a significant shift in supply dynamics for a market where exports remain negligible and consumption is primarily domestic.

Production figs in Cyprus

In kind, 2017-2020, t

Top producers of figs, 2017-2020

World map of production of figs, 2017-2020

Cyprus's fig production increased for the second consecutive year. In 2020, the country produced 1,760 tons of figs, marking a 10.0% rise compared to the previous year. However, looking at the broader period from 2017 to 2020, production actually decreased by 40.3%, which translates to an annualized decline of 15.8%. The lowest production level was recorded in 2018 at 1,340 tons. That year also saw the largest decline of 54.5%. In contrast, 2019 experienced the biggest increase at 19.4%.

Annual dynamics of production in Cyprus in kind, 2017-2020, t

Exports figs from Cyprus

Exports in kind, t

The export market for figs from Cyprus showed significant volatility during these years. There was a 74-fold difference between the peak in 2017 and the low point in 2019. In 2020, Cyprus exported 1.3 tons of figs, which represented a dramatic year-over-year increase of 795.3%. The minimum export volume was recorded in 2019 at just 0.1 tons, with that year also seeing the largest decline of 88.9%.

Annual dynamics of product's exports from Cyprus in kind, 2017-2020, t

From 2017 to 2020, Greece remained the dominant destination for Cyprus's fig exports in volume terms, accounting for 77.3% of total flows. The remaining exports were spread across various other markets, each with relatively small shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Cyprus in kind, 2017-2020

Exports in value, K $ US

The value of fig exports from Cyprus exhibited irregular changes, reflecting a volatile market environment. Export values reached their highest point in 2017 and fell to their lowest in 2019, with a 47-fold difference between these two years. In 2020, Cyprus's fig exports amounted to 13,000 US dollars, showing a sharp increase of 1,102.7% compared to the previous year. The minimum value was recorded in 2019 at 1,000 US dollars, which also saw the largest decline of 90.0%.

Annual dynamics of product's exports from Cyprus in value, 2017-2020, K $ US

Throughout the 2017-2020 period, Greece and Croatia together accounted for 83.5% of Cyprus's total fig export value. The remaining share was distributed among other destinations, each contributing smaller individual amounts.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Cyprus in value, 2017-2020

Imports figs to Cyprus

Imports in kind, t

In 2020, Cyprus's fig import volume stood at 171.2 tons, showing a modest year-over-year increase of 1.1%. Over the full period from 2017 to 2020, imports decreased by 16.9%, with a compound annual growth rate of -6.0%. The lowest import volume was recorded in 2019 at 169.3 tons, while the highest was in 2018 at 223.7 tons. The largest decline occurred in 2019 at 24.3%, and the biggest increase was in 2018 at 8.6%.

Annual dynamics of product's imports to Cyprus in kind, 2017-2020, t

From 2017 to 2020, Greece was the primary and nearly exclusive source for Cyprus's fig imports in volume terms, representing 98.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Cyprus in kind, 2017-2020

Imports in value, K $ US

Cyprus's fig imports declined for the second consecutive year. In 2020, the country imported a total of 665,000 US dollars worth of figs, marking a significant contraction of 19.9% compared to 2019. Between 2017 and 2020, imports decreased by 30.4%, equating to an annualized decline of 11.4%. The maximum value was recorded in 2018 at 1,004,000 US dollars, which also saw the largest increase of 5.0%.

Annual dynamics of product's imports to Cyprus in value, 2017-2020, K $ US

Over the 2017-2020 period, Cyprus's fig imports in value terms were almost entirely dependent on Greece, which accounted for 98.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Cyprus in value, 2017-2020