Market research

Mushrooms and truffles market in Madagascar

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Madagascar's market for fresh or chilled mushrooms and truffles experienced continuous growth in volume from 2 528 t in 2018 to 2 926 t in 2023. This increase was solely driven by rising domestic production, which expanded from 2 525 t to 2 925 t over the same period, while imports remained minimal at 1-3 t per year and exports were absent.

The consistent annual growth in production suggests a gradual expansion of cultivation capacity. In 2024, broader agricultural sector reports indicated unfavorable weather conditions affecting crop yields and government initiatives to stabilize prices and promote agro-industrial development, which could influence agricultural markets including mushrooms and truffles.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Madagascar
  1. 5.1.1. Annual dynamics of production in Madagascar in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Madagascar in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production mushrooms and truffles in Madagascar

In kind, 2017-2020, t

Top producers of mushrooms and truffles, 2017-2020

Source: SHEV.io

World map of production of mushrooms and truffles, 2017-2020

Source: SHEV.io

Madagascar's production of mushrooms and truffles has grown for the third year in a row. In 2020, the country produced 2 689 tonnes, marking a 3.2% increase from 2019. Looking at the period from 2017 to 2020, production rose by 10%, with an average annual growth rate of 3.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.3%	3.2%	3.2%	3.2%

Source: SHEV.io

Exports mushrooms and truffles from Madagascar

Exports in kind, kg

The market exhibited significant volatility during these years. Export volumes varied dramatically, with a 100-fold difference between the low in 2018 and the high in 2019. In 2020, Madagascar exported 267 kg of mushrooms and truffles, showing a sharp decline of 11.0% compared to the previous year. The peak was recorded in 2019 at 300 kg, which also saw the largest increase of 9 900.0%.

Annual dynamics of product's exports from Madagascar in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	9 900.0%	(11.0%)	-

Source: SHEV.io

From 2017 to 2020, Madagascar's exports of mushrooms and truffles in kind were primarily directed towards Comoros and South Korea. Together, these two destinations accounted for 81.9% of total exports, with other countries playing a minor role.

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

Source: SHEV.io

World map of product's exports from Madagascar in kind, 2017-2020

Source: SHEV.io

Exports in value, $ US

Madagascar's export value for mushrooms and truffles has increased for the second consecutive year. In 2020, exports reached 1 630 US dollars, representing a substantial 551.5% rise from the year before. Over the period from 2018 to 2020, exports surged by 3 632.7%, with an average annual growth rate of 234.2%.

Annual dynamics of product's exports from Madagascar in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	473.0%	551.5%	-

Source: SHEV.io

Between 2017 and 2020, the country structure of Madagascar's mushroom and truffle exports in value terms was heavily concentrated on South Korea, which held a 76.6% share of total flows. Other partners accounted for the remainder.

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

Source: SHEV.io

World map of product's exports from Madagascar in value, 2017-2020

Source: SHEV.io

Imports mushrooms and truffles to Madagascar

Imports in kind, kg

The import market showed volatility over the observed period. There was a 2-fold variation between the minimum in 2020 and the maximum in 2018. In 2020, Madagascar imported 1 352 kg of mushrooms and truffles, indicating a significant decrease of 23.0% from the previous year. The highest volume was recorded in 2018 at 2 684 kg, which also saw the largest increase of 83.4%. The largest decline occurred in 2019, at 34.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	83.4%	(34.6%)	(23.0%)	(2.6%)

Source: SHEV.io

From 2017 to 2020, France was the dominant partner for Madagascar's imports of mushrooms and truffles in kind, capturing 81.2% of total flows. Other markets contributed much smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

Madagascar's imports of mushrooms and truffles in value terms have declined for the second year in a row. In 2020, imports amounted to approximately 10 211 US dollars, reflecting an 8.9% drop compared to the previous year. The peak was in 2018 at 17 271 US dollars, which also experienced the largest increase of 68.9%. The largest decrease was recorded in 2019, at 35.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	68.9%	(35.1%)	(8.9%)	(0.0%)

Source: SHEV.io

Throughout 2017 to 2020, France clearly dominated Madagascar's imports of mushrooms and truffles in value terms, accounting for 79.7% of total flows. Other countries each held considerably smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io