Key Market Indicators
Malagasy imports of works of art are expected to hit $1.35 million by 2026, up from $991,200 in 2021, with an average year-on-year growth rate of 4.7%. Since 1995, Malagasy demand has grown by 68.4% annually. Morocco overtook Madagascar in 2021 with $991,200, coming in at number 71 in the ranking. The United Kingdom, Switzerland and the United Arab Emirates ranked second, third and fourth respectively. Malagasy exports of works of art, meanwhile, are forecast to reach $187,450 by 2026, down from $205,270 in 2021, with a CAGR of -2%. Since 1995, Malagasy supply has decreased by a yearly average of 2.4%. Barbados overtook Madagascar in 2021, with $205,270, placing it at number 89 in the ranking. The United Kingdom, Switzerland and France took second, third and fourth places respectively.
