Key Market Indicators
Malagasy exports of cosmetics are expected to reach nearly $94 million by 2026, up 3.4% annually over the next five years. In 2021, the country ranked 65th with exports of $77 million, trailing behind Senegal. The United States, Germany and Ireland took the top three spots. Malagasy imports of cosmetics are expected to reach $32 million by 2026, up 2.7% annually. In 2021, the country ranked 118th with imports of $28 million, behind Aruba. China, Germany and the United Kingdom took the top three spots. Since 1995, Malagasy demand for cosmetics has increased 6.6% each year, and supply has risen 17.2% annually.
