U.S. Fig Imports

Fig imports into the United States surged to 1.9K tons in April 2023, picking up by 27% against the month before. In general, imports posted slight growth. The most prominent rate of growth was recorded in October 2022 with an increase of 97% m-o-m.

In value terms, fig imports rose sharply to $6.1M (IndexBox estimates) in April 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 with an increase of 87% against the previous month. Over the period under review, imports hit record highs in April 2023.

Imports by Country

In April 2023, Turkey (1.6K tons) constituted the largest supplier of fig to the United States, accounting for a 84% share of total imports. Moreover, fig imports from Turkey exceeded the figures recorded by the second-largest supplier, Mexico (184 tons), ninefold. The third position in this ranking was held by Chile (41 tons), with a 2.1% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Turkey totaled +1.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+5.1% per month) and Chile (+0.5% per month).

In value terms, Turkey ($4.5M) constituted the largest supplier of fig to the United States, comprising 73% of total imports. The second position in the ranking was held by Mexico ($1M), with a 16% share of total imports. It was followed by Chile, with a 6.5% share.

From April 2022 to April 2023, the average monthly growth rate of value from Turkey was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+4.8% per month) and Chile (+2.1% per month).

Import Prices by Country

In April 2023, the fig price amounted to $3,186 per ton (CIF, US), declining by -11.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 37% month-to-month. As a result, import price reached the peak level of $3,947 per ton. From September 2022 to April 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Chile ($9,769 per ton), while the price for Spain ($1,507 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Chile (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform