The export value of dried figs from India to the US witnessed substantial fluctuations over the past decade. The value stood at USD 61,000 in 2023. Starting from 2015, the exports grew significantly in 2016 by 76.92% and saw a dramatic rise in 2017 with a 339.13% increase. However, the trend turned negative in 2018 and 2019, with declines of 27.72% and 28.77% respectively. A further drop occurred in 2020 by 46.15%, followed by a recovery of 60.71% in 2021 and 20% in 2022. The rising trend sustained into 2023 with a 12.96% increase. The average variation per year over the last five years showed a compound annual growth rate (CAGR) of -3.53%.
The projected data from 2024 to 2028 suggests slow but steady growth, with the forecasted five-year CAGR being 1.54%, potentially reaching USD 68,000 by 2028, reflecting an overall 7.94% growth rate from 2024.
Future trends to watch for include potential impacts of climate change on fig production, shifts in trade policies between India and the US, and evolving consumer preferences towards dried fruits. Additionally, market dynamics such as global supply chain disruptions or advancements in agricultural practices could influence the future trajectory of dried fig exports.