Key Market Indicators
Demand for Malagasy home appliances is forecast to reach $1.16 million by 2026, growing at a compound annual growth rate (CAGR) of 2.6% since 2021. In 2021, the country was ranked 117th in the world, with a total import value of $995,860. Germany, Japan, and France were the top three countries in the ranking. Meanwhile, Malagasy home appliance exports are expected to reach $130 in 2021, a decrease of 65.4% from 2020's $376.2. Since 1995, there has been an 11.1% year-on-year decrease in supply. In 2021, Botswana ranked ahead of the country with a total export value of $130. Germany, Malaysia, and the United States were the top three countries in the ranking.
