Key Market Indicators
Exports of electrical equipment from Madagascar are set to reach around $20 million by 2026, a 3.4% increase on the 2021 figure of $16.2 million. On average, the country has seen an 18.8% year-on-year increase in supply since 1995. In 2021, Madagascar was in 106th place, with Saint Lucia coming in higher at $16.2 million. South Korea, the United States and Germany were the top three countries. Imports of electrical equipment to Madagascar are set to reach around $255 million by 2026, a 2.2% increase on the 2021 figure of $224.8 million. On average, the country has seen a 9.8% year-on-year increase in demand since 1995. In 2021, Madagascar was in 117th place, with Malawi coming in higher at $224.8 million. The United States, Germany and Singapore were the top three countries.
