Fig Market Overview in the USA
In value terms, fig production surged to $ in 2018. In general, production, however, recorded a mild downturn. Fig production peaked at $ in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.
The average yield of figs in the U.S. rose slightly to tonnes per ha in 2018, growing by % on the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of % y-o-y. Over the period under review, the average fig yield reached the peak level at tonnes per ha in 2007; however, from 2008 to 2018, the yield failed to regain the momentum. 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 the U.S. reduced modestly to ha in 2018, almost unchanged from the previous year's figure. Overall, the harvested area continues to indicate a pronounced decline. The growth pace was the most rapid in 2008 when the harvested area increased by % y-o-y. As a result, the harvested area reached the peak level of ha. From 2009 to 2018, the growth of the fig harvested area remained at a somewhat lower figure.
The revenue of the fig market in the U.S. surged to $ in 2018, 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, showed a relatively flat trend pattern. Fig consumption peaked at $ in 2007; however, from 2008 to 2018, consumption failed to regain the momentum.