Mexico: Fig Market 2024

Fig Market Size in Mexico

The Mexican fig market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Fig consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fig Production in Mexico

In value terms, fig production reduced to $X in 2022 estimated in export price. In general, production posted resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Fig production peaked at $X in 2021, and then shrank modestly in the following year.

The average yield of figs in Mexico rose notably to X tons per ha in 2022, surging by X% on 2021. Overall, the yield saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average fig 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.

In 2022, the total area harvested in terms of figs production in Mexico totaled X ha, standing approx. at the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the harvested area increased by X% against the previous year. The fig harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Fig Exports

Exports from Mexico

In 2022, the amount of figs exported from Mexico contracted notably to X tons, reducing by X% on 2021 figures. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, fig exports declined markedly to $X in 2022. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for fig exports from Mexico, accounting for a X% share of total exports. Moreover, fig exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) and Canada ($X) constituted the largest markets for fig exported from Mexico worldwide.

In terms of the main countries of destination, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average fig export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Fig Imports

Imports into Mexico

In 2022, imports of figs into Mexico contracted notably to X tons, with a decrease of X% on 2021. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, fig imports reduced remarkably to $X in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main fig supplier to Mexico, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of figs to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

The average fig import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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