Fig Market Overview in South Africa
In value terms, fig production soared to $ in estimated in export prices. Overall, production posted a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, production attained the peak level in and is expected to retain growth in years to come.
In , the average fig yield in South Africa reached tonnes per ha, remaining constant against the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Over the period under review, the average fig yield hit record highs in and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of figs production in South Africa reduced modestly to ha, leveling off at 2019 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of % y-o-y. The fig harvested area peaked at ha in 2018; however, from 2019 to , the harvested area stood at a somewhat lower figure.
The revenue of the fig market in South Africa surged 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). In general, consumption, however, posted a measured increase. The most prominent rate of growth was recorded in 2012 when the market value increased by % y-o-y. Fig consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.