Mexico - Figs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFig Price in Mexico - 2023
Contents:
- Fig Price in Mexico (FOB) - 2023
- Fig Price in Mexico (CIF) - 2022
- Fig Exports in Mexico
- Fig Imports in Mexico
Fig Price in Mexico (FOB) - 2023
In June 2023, the average fig export price amounted to $6,955 per ton, growing by 2.8% against the previous month. Overall, the export price continues to indicate modest growth. The growth pace was the most rapid in April 2023 an increase of 66% m-o-m. The export price peaked in June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.0% per month.
Fig Price in Mexico (CIF) - 2022
The average fig import price stood at $1,682 per ton in 2022, increasing by 4.8% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 72%. The import price peaked at $2,846 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($4,192 per ton), while the price for Turkey ($1,387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Fig Exports in Mexico
In 2022, approx. 1.3K tons of figs were exported from Mexico; shrinking by -36.3% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 156% against the previous year. As a result, the exports reached the peak of 2.1K tons, and then declined dramatically in the following year.
In value terms, fig exports reduced dramatically to $6.9M in 2022. Overall, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of 240% against the previous year. As a result, the exports reached the peak of $10M, and then dropped markedly in the following year.
| Export of Fig in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.8 | 1.4 | 4.8 | 3.2 | -5.6% |
| Canada | 2.1 | 1.3 | 3.1 | 1.7 | -6.8% |
| Hong Kong SAR | 0.3 | 0.3 | 1.4 | 1.4 | 67.1% |
| United Kingdom | N/A | N/A | 0.9 | 0.4 | -55.6% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Total | 6.4 | 3.1 | 10.5 | 6.9 | 2.5% |
Top Export Markets for Fig from Mexico in 2022:
- United States (760.0 tons)
- Canada (345.9 tons)
- Hong Kong SAR (137.6 tons)
- United Kingdom (54.1 tons)
- China (20.4 tons)
Fig Imports in Mexico
In 2022, approx. 835 tons of figs were imported into Mexico; with a decrease of -46.1% compared with 2021. Over the period under review, imports faced a dramatic contraction. The growth pace was the most rapid in 2021 when imports increased by 1,187%.
In value terms, fig imports declined markedly to $1.4M in 2022. In general, imports recorded a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 671% against the previous year.
| Import of Fig in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3.3 | N/A | 1.5 | 0.9 | -35.2% |
| United States | 1.3 | 0.3 | 1.0 | 0.5 | -27.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.7 | 0.3 | 2.5 | 1.4 | -33.2% |
Top Suppliers of Fig to Mexico in 2022:
- Turkey (643.8 tons)
- United States (190.9 tons)
This report provides an in-depth analysis of the fig market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 569 - Figs
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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