Key Market Indicators
The import of clothing accessories in Madagascar is projected to decline steadily over the next few years. By 2028, the import value is expected to drop to approximately $24,000, down from around $30,000 in 2023. This marks an average annual decrease of 3.6%. Since 1999, the demand for these accessories in Madagascar has seen a consistent decline at an average rate of 7.6% per year. On the export front, Malagasy clothing accessories experienced a dramatic spike in 2017. The export value surged to $66, up from just $11 in 2016, representing a staggering 506% increase within a year. However, this spike comes against a backdrop of a long-term decline. Since 2007, the country's supply of clothing accessories for export has been falling at an average annual rate of 25.5%.
