Key Market Indicators
Malagasy cement import is predicted to reach $70 million by 2026, growing at a 2.6% compound annual growth rate from 2021. Since 1995, Malagasy demand for cement has increased by 5.4% per year. In 2021, Malagasy was ranked 44th, behind Sweden with $59 million. The Philippines, Sri Lanka, and China followed in the 2nd, 3rd, and 4th position, respectively. Meanwhile, since 1995, Malagasy cement supply has decreased by 13.1% per year. In 2018, it was ranked 122nd, behind Mauritius at $229 million. Canada, Germany, and the United Arab Emirates took 2nd, 3rd, and 4th positions, respectively.
