Figs market in Southern Asia

Earlier Report Observations

The Southern Asian fig market volume showed significant fluctuations between 2018 and 2023. It expanded sharply to 155.2 thousand tons in 2019, then contracted to 101.7 thousand tons in 2020. A recovery followed in 2021, raising the market size to 120.3 thousand tons, before it stabilized near 119 thousand tons in 2022.

In 2023, the market volume fell markedly to 83.2 thousand tons. This decrease was accompanied by a substantial rise in exports, which reached 55.1 thousand tons that year, reducing the supply available for domestic consumption.

Production figs in Southern Asia

In kind, 2017-2020, K t

Top producers of figs, 2017-2020

World map of production of figs, 2017-2020

The market displayed an unstable trend throughout the period. Import levels fluctuated significantly, with a 2.3-fold difference between the low of 2017 and the high of 2019. In 2020, Southern Asia produced 117.0 K t of figs, marking a sharp decline of 31.0% compared to 2019. The peak production was recorded in 2019 at 169.5 K t, while the largest annual increase occurred in 2018 at 85.6%.

Annual dynamics of production in Southern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Following two years of growth, fig production in Southern Asia experienced a downturn. In 2020, the output was valued at 1 357 M $ US, reflecting a significant decline of 15.3% from the previous year. Over the period from 2017 to 2020, production increased by 93%, which translates to an annualized growth rate of 24.5%. The highest value was recorded in 2019 at 1 602 M $ US, with the largest annual increase also occurring that year at 56.6%.

Annual dynamics of production in Southern Asia in value, 2017-2020, M $ US

Exports figs from Southern Asia

Exports in kind, t

After a two-year decline, fig exports from Southern Asia rebounded. In 2020, the region exported 15 701 t of figs, showing an 8.5% increase from the previous year. However, between 2017 and 2020, exports decreased by 50.7%, equivalent to an annualized decline of 21.0%. The lowest export volume was recorded in 2019 at 14 477 t, which also saw the largest annual drop of 49.3%.

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

From 2017 to 2020, fig exports from Southern Asia were distributed across a wide range of markets. Vietnam accounted for 37.4% of exports in kind, China for 4.6%, and the United Arab Emirates for 4.6%, with these three countries together making up 46.6% of total export flows.

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

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

Exports in value, M $ US

Southern Asia's fig exports increased for the second consecutive year. In 2020, exports totaled 181.0 M $ US, representing a 34.3% year-on-year advance. Over the period from 2017 to 2020, exports grew by 64.8%, equating to an annualized rate of 18.1%. The lowest value was recorded in 2018 at 101.9 M $ US, which also experienced the largest annual decline of 7.2%.

Annual dynamics of product's exports from Southern Asia in value, 2017-2020, M $ US

Between 2017 and 2020, Vietnam, China, and the United Arab Emirates were the main destinations for Southern Asia's fig exports in value terms. Vietnam accounted for 21.5% of exports, China for 2.8%, and the United Arab Emirates for 2.6%, with these three countries together absorbing 26.9% of total export value.

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

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

Imports figs to Southern Asia

Imports in kind, t

The market exhibited volatility during the observed period. Import levels varied widely, with a 3.8-fold difference between the low of 2018 and the peak in 2020. In 2020, Southern Asia imported 440 t of figs, which is 116.2% higher than the previous year. The minimum import volume was recorded in 2018 at 114 t, which also saw the largest annual decline of 10.7%.

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

From 2017 to 2020, the United Arab Emirates, Algeria, and Turkey were the principal suppliers of figs to Southern Asia. The United Arab Emirates accounted for 10.8% of imports in kind, Algeria for 2.0%, and Turkey for 1.4%, with these three countries jointly making up 14.2% of total imports.

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

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

Imports in value, M $ US

The market showed signs of volatility over the observed period. Import levels fluctuated by 2.8 times between the low of 2018 and the high of 2020. In 2020, Southern Asia's fig imports amounted to 1.6 M $ US, representing a steep increase of 71.8% compared to 2019. The minimum value was recorded in 2018 at 0.6 M $ US, which also experienced the largest annual decline of 0.5%.

Annual dynamics of product's imports to Southern Asia in value, 2017-2020, M $ US

Over the period from 2017 to 2020, fig imports in value terms were spread across a diverse set of partner countries. The United Arab Emirates accounted for 18.9% of imports, Australia for 1.9%, and Germany for 1.4%, with these three countries together accounting for 22.2% of total import flows.

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

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