Overview
The government’s infrastructure development plan would raise the profile of ancillary industries such as the equipment and machinery sector. U.S. manufacturers of construction equipment, machinery, and tools would have an opportunity to participate in strategic infrastructure development. The development of the sector could present opportunities for U.S. exports of extractive industries goods, machinery, and equipment, since Madagascar has commercially significant reserves of several mineral resources, including rare earths, nickel, cobalt, uranium, coal, chromite, bauxite, graphite, mica, as well as gold and other precious and semi-precious stones. For example, an $8 billion mining project in 2007 comprised the largest ever FDI in Madagascar within last decade, as well as one of the largest in Africa.
Leading Sub-Sectors
- Construction equipment
- Machinery and tools
- Drilling machinery and equipment
Table 5: Total Market Size for Construction Equipment
CONSTRUCTION EQUIPMENT | 2020 | 2021 | 2022 | 2023 | 2024 |
Total exports | 1,803 | 348 | 680 | 426 | 1,270 |
Total imports | 32,028 | 45,892 | 51,798 | 51,398 | 98,740 |
Imports from the U.S. | 4,055 | 784 | 2,641 | 3,257 | 5,117 |
Total market size | 30,225 | 45,544 | 51,118 | 50,972
| 97,470
|
Data source: Madagascar Customs. Figures are in thousands of USD. Items used for this table are those with four-digit HTS codes 8428, 8429, and 8430 and items with eight-digit HTS code 8431.31.00, 8431.39.00, 8431.41.00, 8431.42.00 and 8431.49.00
Table 6: Total Market Size for Machinery and Tools
MACHINERY AND TOOLS | 2020 | 2021 | 2022 | 2023 |
2024 |
Total exports | 5,971 | 8,957 | 9,086 | 7,564
| 6,840
|
Total imports | 224,744 | 299,800 | 356,582 | 339,573 | 254,621 |
Imports from the U.S. | 29,655 | 24,526 | 48,864 | 71,861 | 27,475 |
Total market size | 252,722 | 291,143 | 347,496 | 332,009 | 247,781 |
Data source: Madagascar Customs. Figures are in thousands of USD. Items used for this table are those with two-digit HTS codes 84 were used to produce this table, excluding those used in the previous table (construction and machinery)
Table 7: Total Market Size for Drilling Machinery and Equipment
DRILLING MACHINERY AND EQUIPMENT | 2020 | 2021 | 2022 | 2023 |
2024 |
Total exports | 823 | 48 | 173 | 309 | 97 |
Total imports | 1,271 | 2,502 | 1,682 | 1,692 | 1,855 |
Imports from the U.S. |
| 6 | 197 | 29 | 4 |
Total market size | 447 | 2,454 | 1,509 | 1,383 | 1,758 |
Data source: Madagascar Customs. Figures are in thousands of USD. The HTS code used to produce the tables are the 4-digit code 8430 which are Machinery Others, For Moving, Grading, Excavating, Boring, Etc. Earth, Minerals or Ores; Pile-drivers And Pile-extractors.
Opportunities
Madagascar Annual Mine Fair (“Salon des Mines de Madagascar”)
Resources
- Ministry of Mines and Strategic Resources (MMRS)
- Chamber of Mines of Madagascar (CMM)
- Ministry of Industry and Trade (MIC)
- Ministry of Agriculture and Livestock (MINAE)
- Association of Industry in Madagascar (SIM)
- Madagascar Association of Public Works Contractors (SEBTP)