Key Market Indicators
Malagasy pump exports are expected to decrease by 6.6% annually to reach 1,400 kilograms by 2026. Since 2006, the export rate has fallen by 31.1%. In 2021, Iceland surpassed Madagascar with 2,090 kilograms, while Madagascar was ranked 104th in the world. The Netherlands, Germany and the United States followed in second, third and fourth place respectively. Malagasy pump imports are projected to grow by 2.7% each year to reach 476,570 kilograms by 2026. Since 1995, the demand for pumps in Madagascar has risen 15.4%. Cameroon surpassed Madagascar in 2021 with 405,280 kilograms, and Madagascar was placed 93rd in the world. The United States, Russia and South Africa were ranked second, third and fourth respectively.
