Extracts and juices of meat, fish and aquatic invertebrates market in Madagascar

Earlier Report Observations

From 2018 to 2019, Madagascar's production of extracts and juices from meat, fish and aquatic invertebrates remained stable with slight growth, supported by fiscal incentives for fishing equipment and policies promoting export diversification of seafood. The sector then faced a 9% drop in 2020 as global supply chain disruptions hampered the export-oriented fisheries industry.

A sharp 30% decline occurred in 2022 following tightened controls on fishery resources and increasing pressure from both local and international demand, which constrained raw material availability. The market rebounded by 25% in 2023, driven by the diversification of processed products including smoked, canned, and ready-to-eat items, alongside the emergence of younger consumer segments returning to traditional fishmongers.

Production extracts and juices of meat, fish and aquatic invertebrates in Madagascar

In kind, 2017-2020, t

From 2017 to 2020, Madagascar ranked 23rd globally in the production of extracts and juices from meat, fish, and aquatic invertebrates.

Top producers of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

World map of production of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

In 2020, Madagascar produced 215.3 tonnes of extracts and juices from meat, fish, and aquatic invertebrates, marking a 9.4% decrease compared to 2019. Over the 2017-2020 period, production fell by 21%, with a compound annual growth rate of -7.6%. The most significant decline occurred in 2018 at 13.8%, while the largest increase was in 2019 at 1.1%.

Annual dynamics of production in Madagascar in kind, 2017-2020, t

Exports extracts and juices of meat, fish and aquatic invertebrates from Madagascar

Marketing research indicates that Madagascar did not export any extracts and juices of meat, fish, and aquatic invertebrates between 2017 and 2020.

Imports extracts and juices of meat, fish and aquatic invertebrates to Madagascar

Imports in kind, kg

The data shows irregular changes, pointing to a volatile market environment. The lowest import volume was recorded in 2019 at 3.00 kg, while the highest was in 2018 at 24.00 kg, representing an eightfold difference. In 2020, Madagascar imported 6.48 kg of these products, a sharp increase of 116.0% from the previous year. The largest decline occurred in 2019 at 87.5%, and the largest increase was in 2018 at 380.0%.

Annual dynamics of product's imports to Madagascar in kind, 2017-2020, kg

From 2017 to 2020, Asia (not elsewhere specified) and Germany consistently led as the top sources for imports in kind, together accounting for 87.0% of total flows, with other partners playing a supplementary role.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Madagascar in kind, 2017-2020

Imports in value, $ US

Imports of extracts and juices from meat, fish, and aquatic invertebrates into Madagascar increased for the third consecutive year. In 2020, imports reached 439.8 US dollars, reflecting an 8.8% rise compared to 2019. Between 2017 and 2020, imports grew by 43.2%, equating to an annualized rate of 12.7%.

Annual dynamics of product's imports to Madagascar in value, 2017-2020, $ US

From 2017 to 2020, Germany remained the leading supplier of extracts and juices from meat, fish, and aquatic invertebrates to Madagascar, accounting for 72.5% of total imports in value terms, while the remainder was distributed among many other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Madagascar in value, 2017-2020