Key Market Indicators
Malagasy phosphate import is expected to reach $11,630 by 2026, growing 2.3% year on year on average from $10,170 in 2021. Since 2006, Malagasy demand has increased by 20.7% year on year. The country ranked 86th in 2021, with Tunisia ahead at $10,170. The United States, Indonesia, and Lithuania were the second, third, and fourth-highest ranked respectively. Malagasy phosphate export skyrocketed in 2018, with $6,930 compared to $1,560 in 2017 - a 345% increase. The country ranked 42nd, with Zimbabwe overtaking at $6,930. Jordan, Russia, and Peru took the second, third, and fourth spots respectively.