Key Market Indicators
Malagasy transformer exports are estimated to reach nearly $1.5 million by 2026, according to recent data. This is an increase of 3.8% year-on-year from 2021's $1.2 million. Since 1995, exports have grown an average of 39.3% year-on-year. In 2021, Malagasy ranked 89th, with Cyprus ahead at $1.2 million. Germany, the United States and Japan ranked second, third and fourth respectively. Meanwhile, Malagasy transformer imports are estimated to reach around $19 million by 2026, a 2.7% year-on-year increase from 2021's $16 million. Since 1995, imports have grown an average of 14.2% year-on-year. Malagasy ranked 112th in 2021, with Malta ahead at $16 million. China, Germany and Mexico ranked second, third and fourth respectively.
