Key Market Indicators
Malagasy air passenger traffic is projected to reach approximately 635,000 individuals by 2028, up from around 570,000 in 2023. This marks an average annual growth rate of 1.7%. Historically, since 1975, demand in Madagascar has been increasing at an average rate of 1.1% each year. In the 2023 rankings, Madagascar placed 108th globally in terms of air passenger traffic. Ghana, with a similar count of roughly 570,000 passengers, ranked just ahead of Madagascar. Leading the global rankings were China, India, and Ireland, occupying the second, third, and fourth positions respectively.
