Key Market Indicators
The Malagasy yarn market is expected to grow steadily over the next five years. Imports are projected to increase by 1.8% year on year, while exports are forecast to grow by 1.3% year on year. From 2021 to 2026, the Malagasy yarn imports are expected to rise from $5.1 million to $5.6 million. This growth is primarily attributed to the 4.1% year on year increase in demand since 1995. Meanwhile, exports of Malagasy yarn are predicted to increase from $26.7 million in 2021 to $28.8 million by 2026. This is due to a 12.7% year on year increase in supply since 1996.
