Madagascar – Vegetable Oil Madagascar – Vegetable Oil
Overview
Madagascar has relied mainly on imports of vegetable oil after the destruction of the only company engaged in domestic manufacturing of this product, belonging to ousted president Marc Ravalomanana, following the 2009 coup d’état. Since then, the value of imports has risen tenfold. Domestic production is now limited to small artisanal units that process oil from peanuts, with poor or second-hand packaging. Data on market size and production are not available. Units: USD thousands
| 2013 | 2014 | 2015 (Jan-May) | 2016 (estimated) | |
| Total Market Size | N/A | N/A | N/A | N/A |
| Total Local Production | N/A | N/A | N/A | N/A |
| Total Exports | 764 | 900 | 575 | N/A |
| Total Imports | 59,349 | 56,625 | 16,332 | N/A |
| Imports from the U.S. | 3,877 | 0 | 379 | N/A |
| Exchange Rate 1 USD | 2,308.32 | 2,414.81 | 2,738.88 | N/A |
Data Sources:
Total Local Production: N/A
Total Exports: Malagasy Customs (FOB)
Total Imports: Malagasy Customs (CIF)
Imports from U.S.: Malagasy Customs (CIF)
Products covered are within HTS Chapter 15 named “Fat and animal and vegetable oils” and HTS 4 digit code 1507, 1508, 1509, 1510, 1511 and 1512 which are refined palm oil, sunflower oil, olive oil, peanut oil, soybean oil and not genetically modified.
Total Exports: Malagasy Customs (FOB)
Total Imports: Malagasy Customs (CIF)
Imports from U.S.: Malagasy Customs (CIF)
Opportunities
Considering that the U.S. market share accounts for 2.3% of the entire vegetable oil market, there is still room for U.S. exporters to increase their sales in this sector through the establishment of a sales agent or by negotiating with a well-known importer or distributor. The Unites States is the fifth-largest source of imports in this sector after Indonesia, Argentina, Malaysia and Egypt. In 2015 to date, the only imports of vegetable oil to Madagascar from the U.S. were imported by NGOs and relief organizations.Resources
For additional information on export opportunities in the vegetable oil sector, potential exporters can contact the Ministry of Commerce, the American Chamber of Commerce, or other business associations. Please also do not hesitate to contact the Embassy’s Political-Economic Section for more information.Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.