Key Market Indicators
Malagasy leather goods exports are set to reach $170 million by 2026, up from $140 million in 2021 -- a growth rate of 3.6% a year. Since 1995, Malagasy supply has jumped by 31.4% annually. Malagasy leather goods imports are set to reach $1.2 billion by 2026, up from $1.1 billion in 2021 -- a growth rate of 2.6% a year. Since 1995, Malagasy demand has risen 4.1% annually. In 2021, Laos overtook Malagasy to take the 103rd spot in the rankings with $1.1 billion. Germany, France and Italy came in 2nd, 3rd and 4th respectively.