Key Market Indicators
**Antananarivo, Madagascar** – Malagasy Bread Export is projected to decline slightly, expected to reach approximately $152,000 by 2028, down from around $153,000 in 2023. This represents a compound annual growth rate (CAGR) decrease of 0.2%. The downward trend in bread exports has been ongoing since 1995, with an average annual decrease of 0.5%. In contrast, Malagasy Bread Import is on an upward trajectory. By 2028, imports are forecasted to hit nearly $7.7 million, up from about $6.6 million in 2023. This marks a CAGR increase of 2.6% annually. Since 1995, bread imports in Madagascar have seen a steady rise, growing at an average annual rate of 3.4%. The diverging trends between bread exports and imports underline significant shifts in the country's bread market dynamics over the past decades.
