Key Market Indicators
Malagasy electrical equipment exports are projected to rise to approximately $21 million by 2028, up from $18 million in 2023. This marks a compound annual growth rate (CAGR) of 3%. Notably, since 1995, the country's supply has seen a consistent year-on-year increase of 2.5%. On the import front, Madagascar is expected to see its electrical equipment imports grow to around $269 million by 2028, from $237 million in 2023. This indicates a 2% average annual growth rate. Since 1995, the nation's demand for electrical equipment has risen steadily by 1.8% each year.
