Key Market Indicators
Exports of Malagasy wool have dropped by 4.2% in 2021, compared with 2020, when they totalled $141,120. Since 1995, the country has seen a 9.6% decrease in wool exports year on year. In 2021, Malagasy wool exports placed 81st in the global market, with Lebanon coming in ahead with $135,200. Italy, China and Germany ranked second, third and fourth respectively. Malagasy wool imports are predicted to hit $127,530,000 by 2026, up from $116,320,000 in 2021. This is an annual CAGR of 1.6%. Since 1995, Malagasy demand for wool has grown 2.8% year on year. In 2021, the country was ranked 16th in the world's wool importers, with France in the lead with $116,320,000. Italy, Germany and the United Kingdom followed in second, third and fourth place respectively.
