Key Market Indicators
Malagasy tractor imports are estimated to reach $33 million by 2026, a 3.1% year-on-year increase since 2021. Demand in the country has grown by an average of 20.8% each year since 1995, and it ranked 93rd in 2021, behind Kyrgyzstan, which was at $27 million. Canada, France, and Germany followed at 2nd, 3rd, and 4th respectively. Malagasy tractor exports are projected to decrease by 4.5% to $66,150 in 2026. Supply has grown by 50.9% year-on-year since 2005, and it was 107th in 2021, behind Benin at $86,610. Mexico, the Netherlands, and the US were ranked 2nd, 3rd, and 4th respectively.
