Key Market Indicators
Malagasy Chocolate Export is projected to reach $1.2 million in 2026, growing at a rate of 2.4% year on year. The country's supply has increased at a rate of 1.6% annually since 1995. In 2021, Malagasy Chocolate Export was overtaken by Nigeria at $1.02 million, ranking the country 89th in the world. Belgium, Italy and the Netherlands were the top three countries respectively. Meanwhile, Malagasy Chocolate Import is estimated to reach $3.9 million by 2026, with a CAGR of 3.1%. The country’s demand has increased 9.8% annually since 1995. In 2021, Malagasy Chocolate Import was surpassed by Cameroon at $3.26 million, placing the country 119th globally. Germany, France and the United Kingdom occupied the top three positions respectively.
