Fig Market Overview in Chile
In value terms, fig production rose markedly to $ in estimated in export prices. Overall, production showed a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to , production remained at a lower figure.
The average yield of figs in Chile amounted to tonnes per ha in , stabilizing at the year before. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by % y-o-y. Over the period under review, the average fig yield reached the maximum level at tonnes per ha in 2007; however, from 2008 to , 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.
The fig harvested area in Chile stood at ha in , leveling off at 2019. In general, the total harvested area indicated a mild increase from 2007 to : its figure increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, fig harvested area decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2009 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to fig production attained the peak figure at ha in 2013; however, from 2014 to , the harvested area stood at a somewhat lower figure.
The size of the fig market in Chile expanded notably to $ in , picking up by % 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). Overall, consumption showed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to , consumption failed to regain the momentum.