In 2023, the import value of ceramic housewares, excluding porcelain or china, to Madagascar stood at approximately $1.6 million. Forecast data from 2024 to 2028 indicates a steady upward trend, with a compound annual growth rate (CAGR) of approximately 4.6%. Year-on-year projections show consistent growth, with percentage increases ranging from around 5% to 6% each year.
Future trends to watch for include:
- Potential impacts of global economic changes on consumer spending in Madagascar.
- Shifts in local consumer preferences towards alternative materials.
- Trade policy changes affecting import tariffs and trade agreements.