Treenuts market in Madagascar

Earlier Report Observations

The domestic market for treenuts in Madagascar expanded significantly from 6 828 t in 2018 to 12 392 t in 2023. This growth was primarily driven by a sharp decline in exports, which fell from over 11 000 t in 2019 to around 4 000 t in the early 2020s. A key factor behind this export reduction was a lack of knowledge about organic farming methods and export regulations, hindering the shipment of fresh organic produce to international markets and leaving more supply available domestically.

Production volumes fluctuated during this period, peaking at 18 260 t in 2019 before gradually declining. The cashew sector saw revitalization efforts in the Diana region with a large new orchard estimated at 11 000 ha, aimed at bolstering long-term output. Meanwhile, companies like FOSA TRADING focused on producing and exporting naturally grown tropical fruits, including nuts, though persistent challenges in securing sustainable raw material supplies affected the sector's efficiency.

By 2024, industry players were actively seeking partnerships and developing distribution networks to export high-quality exotic nuts and fruits, indicating a continued orientation toward premium international markets as the domestic market size stabilized above 12 000 t.

Production treenuts in Madagascar

In kind, 2017-2020, t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

Madagascar's treenuts production saw growth for two consecutive years before experiencing a decline. In 2019, production reached its peak at 18 260 tons, but then fell to 16 541 tons in 2020, representing a 9.4% decrease from the previous year. Over the 2017-2020 period, production increased by 37.3%, which translates to an average annual growth rate of 11.1%. The most significant year-over-year increase occurred in 2018, when production surged by 46.4%.

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

In value, 2017-2020, K $ US

Following two years of growth, the value of Madagascar's treenuts production declined. In 2019, production value peaked at 6 097 thousand US dollars, but dropped to 5 893 thousand US dollars in 2020, marking a modest 3.4% decrease from the previous year. Between 2017 and 2020, the production value increased by 3.4%, equivalent to an average annual growth rate of 1.1%. The largest year-over-year increase was recorded in 2019, with a 4.1% rise.

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

Exports treenuts from Madagascar

Exports in kind, t

After two years of growth, Madagascar's treenuts exports declined significantly. In 2019, exports reached their highest point at 11 260 tons, but plummeted to 6 130 tons in 2020, reflecting a sharp 45.6% contraction compared to the previous year. Over the 2017-2020 period, exports decreased by 14.7%, averaging an annual decline of 5.1%. The most substantial year-over-year increase occurred in 2018, when exports grew by 51.5%.

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

From 2017 to 2020, Vietnam, India, and Pakistan were the primary destinations for Madagascar's treenuts exports by volume. Vietnam accounted for 47.9% of exports, India for 30.0%, and Pakistan for 14.6%. Together, these three countries represented 92.5% of total export flows during this period.

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

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

Exports in value, K $ US

Following two years of gains, the value of Madagascar's treenuts exports declined sharply. In 2019, export value peaked at 3 760 thousand US dollars, but fell to 2 184 thousand US dollars in 2020, representing a dramatic 41.9% decrease from the previous year. Between 2017 and 2020, export value decreased by 35.7%, averaging an annual decline of 13.7%. The largest year-over-year increase was recorded in 2018, with a 6.3% rise.

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

From 2017 to 2020, Vietnam, India, and France were the main markets for Madagascar's treenuts exports by value. Vietnam accounted for 40.6% of export value, India for 27.2%, and France for 16.8%. Collectively, these three markets represented 84.6% of total export flows during this period.

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

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

Imports treenuts to Madagascar

Imports in kind, t

Madagascar's treenuts imports by volume showed notable fluctuations between 2017 and 2020. Imports reached their lowest point in 2017, then peaked at 65 tons in 2018, creating a 1.8-fold difference between these years. In 2020, imports stood at 39 tons, which was 5.0% lower than in 2019. The most significant year-over-year decline occurred in 2019, with a 36.8% decrease, while the largest increase was recorded in 2018, with a 75.1% surge.

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

From 2017 to 2020, France, Indonesia, and Europe (not elsewhere specified) were consistently the main sources of treenuts imports to Madagascar by volume. France accounted for 41.7% of imports, Indonesia for 22.5%, and Europe for 6.1%. Together, these three sources represented 70.4% of total import flows during this period.

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, K $ US

Madagascar's treenuts imports by value declined for the second consecutive year. In 2018, import value reached its peak at 244 thousand US dollars, but fell to 177 thousand US dollars in 2020, marking a modest 2.2% reduction from the previous year. Over the 2017-2020 period, import value increased by 19.6%, equivalent to an average annual growth rate of 6.1%. The most significant year-over-year decline occurred in 2019, with a 25.9% decrease, while the largest increase was recorded in 2018, with a 65.0% surge.

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

From 2017 to 2020, France, Indonesia, and South Africa were the three main sources of treenuts imports to Madagascar by value. Together, these countries accounted for 73.9% of total import flows during this period.

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

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