Mediterranean dominates production amid rising demand for figs

Health

Published: 2024-07-27 18:22

Last Updated: 2024-07-27 18:33


Figs
Figs

Figs are a tasty summer fruit with numerous benefits, and their demand is rising globally. This report delves into the leading producers, exporters, and importers of figs.

According to the Future Market Insights Foundation, the growing preference for healthy, potassium-rich foods is driving the demand for fresh figs.

The Mediterranean region dominates fig production due to its favorable climate. Figs from these countries are highly sought after for their rich content of vitamins, amino acids, and antioxidants, making them popular worldwide.

The global fresh fig market was valued at $1.3 billion in 2022, as per Global Market Insights. This market grew to approximately $1.45 billion in 2023 and is projected to surpass $2.38 billion by 2033, with a CAGR of 5%.

Dried Figs

The Mediterranean climate is volatile, and figs are a seasonal fruit, making them vulnerable to adverse weather conditions, which can affect their cultivation and quality. Fresh figs are also prone to diseases, so climate significantly impacts their supply.

To mitigate these issues, many fig-producing countries dry figs to enhance their shelf life and ease storage. Dried figs retain high nutritional value, rich in potassium, which helps regulate sugar absorption and combat high blood pressure.

Global Dried Figs Market

The dried figs market is expected to grow from $599.07 million in 2023 to $780 million by 2028, with a CAGR of 5.42% during this period. The Middle East, particularly Turkey, Iran, and Afghanistan, are major producers of dried figs, with Turkey leading, producing about 70% of the global supply, followed by Iran with 15%.

Top 10 Fig Producing Countries in 2022

According to the FAO, Turkey is the largest fig producer, with 350,000 tons in 2022. The top 10 producers are:

  • Turkey: 350,000 tons
  • Egypt: 187.9 thousand tons
  • Algeria: 112.3 thousand tons
  • Morocco: 109.6 thousand tons
  • Iran: 67.8 thousand tons
  • Spain: 43.5 thousand tons
  • Syria: 39.6 thousand tons
  • Uzbekistan: 29.8 thousand tons
  • Afghanistan: 29.4 thousand tons
  • Saudi Arabia: 28 thousand tons

Top 10 Fig Exporting Countries in 2022

Based on the OIC platform:

  • Turkey: $320 million (50.8% of total figs exported worldwide)
  • Afghanistan: $70.6 million (11.2%)
  • Austria: $28.8 million (4.58%)
  • Spain: $21.7 million (3.44%)
  • Germany: $21.2 million (3.37%)
  • Iran: $20.5 million (3.26%)
  • Greece: $17.6 million (2.79%)
  • Netherlands: $15.9 million (2.53%)
  • United States: $10.1 million (1.6%)
  • Mexico: $9.32 million (1.48%)

Top 10 Fig Importers in 2022

Germany: $89 million (14.1% of global imports)

  • India: $65.3 million (10.4%)
  • France: $53.4 million (8.48%)
  • United States: $48.7 million (7.73%)
  • Canada: $26 million (4.12%)
  • China: $24.2 million (3.85%)
  • Netherlands: $23.6 million (3.75%)
  • United Kingdom: $22.7 million (3.61%)
  • Italy: $22.7 million (3.61%)
  • Switzerland: $18.8 million (2.99%)

Interesting Facts About Figs

There are over 750 known species of fig trees globally, including Adriatic, Black Mission, Brown Turkish, and Kadota figs.

Each fig tree has a specific wasp species that pollinates it, forming a unique co-evolutionary relationship.

Figs are effective in regulating blood pressure due to their high potassium content, which helps balance sodium levels, and their fiber content aids in flushing excess sodium from the body.

Fig Market Outlook

The global fig market is expected to exceed $2.3 billion by 2033, reflecting increasing demand for this nutritious fruit.