Market research

Palm oil and fractions market in Madagascar

$Palm oil and fractions market in Madagascar$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for palm oil and fractions in Madagascar showed notable volatility between 2018 and 2023. Volume reached a peak of 134.5 thousand tonnes in 2020, driven by persistent local supply difficulties that necessitated a surge in imports to 130.8 thousand tonnes to meet domestic demand.

A sharp correction followed in 2021, with market volume falling to 102.7 thousand tonnes as imports contracted. The market then stabilized around 113 thousand tonnes in 2022 and 2023. During this period of stabilization, key structural shifts occurred, including a government increase in import duties on refined oils from 30% to 40% in 2023 to protect local industry, and the cessation of operations at the DMC refining plant in Majunga following customs disputes.

Concurrently, development initiatives gained traction, such as the INDRI project for ecological and sustainable palm oil production launched in 2021, and the establishment of the Interpalm-Cam interprofessional body at the end of 2023 aimed at boosting local output and reducing import reliance.

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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, M $ 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Madagascar in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Madagascar by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Madagascar in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Madagascar by countries, 2018-2024, M $ 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Madagascar, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Madagascar by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, M $ 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Madagascar in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Madagascar by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Madagascar in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Madagascar by countries, 2018-2024, M $ 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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Madagascar, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Madagascar by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 palm oil and fractions in Madagascar

In kind, 2017-2020, t

Top producers of palm oil and fractions, 2017-2020

Source: SHEV.io

World map of production of palm oil and fractions, 2017-2020

Source: SHEV.io

Madagascar's palm oil and fractions production volume increased after a two-year decline. In 2019, production reached its lowest point at 4,026 tonnes, with the largest decline of 3.6% recorded that year. By 2020, production rose to 4,147 tonnes, marking a modest increase of 3.0% compared to 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.1%)	(3.6%)	3.0%	(0.3%)

Source: SHEV.io

In value, 2017-2020, K $ US

Palm oil and fractions production in Madagascar declined for the third consecutive year. Between 2017 and 2020, production decreased by 21.3%, equating to an annualized rate of 7.7%. In 2020, output was valued at 3,310 thousand US dollars, showing a moderate fall of 3.1% versus the previous year.

Annual dynamics of production in Madagascar in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.1%)	(11.6%)	(3.1%)	(7.7%)

Source: SHEV.io

Exports palm oil and fractions from Madagascar

Exports in kind, K t

The data reveals irregular changes, indicating a volatile market environment. In 2018, exports reached their lowest point at 0.2 thousand tonnes, with the largest decline of 66.4% recorded that year. The highest volume was achieved in 2017, creating a peak-to-trough ratio of 3 times compared to 2018. By 2020, palm oil and fractions deliveries from Madagascar tallied 0.4 thousand tonnes, marking a significant rise of 72.7% versus the previous year.

Annual dynamics of product's exports from Madagascar in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(66.4%)	9.0%	72.7%	(14.1%)

Source: SHEV.io

From 2017 to 2020, exports in kind of palm oil and fractions from Madagascar were highly concentrated on Switzerland, which accounted for 99.9% of total flows.

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, K $ US

Over the period 2017-2020, exports decreased by 49.7%, with a compound annual growth rate of 20.5%. In 2019, the minimum value was recorded at 205 thousand US dollars, while the largest decline of 69.1% occurred in 2018. By 2020, palm oil and fractions exports from Madagascar amounted to 334 thousand US dollars, up by 62.5% over the past year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(69.1%)	(0.0%)	62.5%	(20.5%)

Source: SHEV.io

From 2017 to 2020, Switzerland was the key and almost sole market for exports in value terms of palm oil and fractions from Madagascar, accounting for 99.6% of total flows.

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 palm oil and fractions to Madagascar

Imports in kind, K t

After a two-year decrease, palm oil and fractions deliveries to Madagascar increased. Over the period 2017-2020, imports grew by 12.7%, with a compound annual growth rate of 4.1%. In 2018, the largest decline of 6.8% was recorded, and the minimum value of 107.2 thousand tonnes occurred in 2019. By 2020, imports amounted to 130.8 thousand tonnes, up by 22.1% from a year earlier.

Annual dynamics of product's imports to Madagascar in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.8%)	(0.9%)	22.1%	4.1%

Source: SHEV.io

From 2017 to 2020, Malaysia and Indonesia played the leading roles in imports in kind, with a combined share of 98.3% of total flows, while the remaining share was dispersed among other countries.

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, K $ US

After a two-year decline, the volume of palm oil and fractions imports to Madagascar increased. Between 2017 and 2020, imports grew by 9.1%, equating to an annualized rate of 3.0%. In 2018, the largest decline of 15.7% was recorded, and the minimum value of 70,111 thousand US dollars occurred in 2019. By 2020, Madagascar imported a total of 95,177 thousand US dollars of palm oil and fractions, which is 35.8% higher compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.7%)	(4.7%)	35.8%	3.0%

Source: SHEV.io

From 2017 to 2020, the country structure of imports in value terms was strongly concentrated on Malaysia and Indonesia, which together took 97.8% of total flows, with other partners forming a residual portion.

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