Key Market Indicators
The Malagasy market for Hair Care is projected to grow steadily over the next five years. Imports are expected to reach nearly $5.2 million by 2026, while exports should reach just over $56,600. This growth is largely due to the country's 10.5% year-on-year import demand since 1995. In 2021, Madagascar ranked 107th in imports, with Tanzania overtaking it with $4.3 million. The United Kingdom, Germany, and China placed 2nd, 3rd, and 4th respectively. Exports from Madagascar are also showing positive signs. The country is projected to reach $54,460 in exports by 2026, a 0.6% year-on-year increase. Since 1995, supply has grown 56.7% and in 2021, Madagascar was 105th in the rankings with Montenegro ahead at $54,460. The United States, Italy, and France placed 2nd, 3rd, and 4th respectively.