Key Market Indicators
Demand for Malagasy fabrics is predicted to reach $74 million by 2026, up 2.5% from the 2021 figure of $64 million. Since 1995, demand has grown an average of 5.4% year on year. Last year, Malagasy fabric imports came in 58th place, overtaken by Kyrgyzstan with $64 million. Indonesia, China and the US were the next three largest importers. Exports of Malagasy fabrics are forecast to reach $339,410 by 2026, down 4.2% from 2021's $437,000. Since 1995, supplies have dropped an average of 4.6% annually. Last year, Malagasy fabrics were 78th in the rankings, with Iran ahead on $437,000. South Korea, Italy and Germany were the next three largest exporters.
