Key Market Indicators
Malagasy demand for household refrigerators is set to reach $3.8 million by 2026. This is up from the $3.1 million recorded in 2021 and represents an average annual growth rate of 3.2%. Since 1995, demand for household refrigerators in Madagascar has grown at a rate of 2.9% per year. In 2021, Madagascar was ranked 107th in this category, overtaken by Tanzania with $3.1 million. Germany, France and the United Kingdom were the 2nd, 3rd and 4th biggest markets respectively. Since 2006, supply of household refrigerators in Madagascar has decreased by 45.9% per year.
