Madagascar - Essential OilsMadagascar - Essential Oils

This is a best prospect industry sector for this country. Includes a market overview and trade data

Last Published: 2/28/2017

Overview

Madagascar is well known for its biodiversity in fauna and flora, and the latter are used as inputs for the production of essential oils.
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	37,966	37,451	9,912	N/A
Total Imports	28	21	6	N/A
Imports from the U.S.	0	0	0	N/A
Exchange Rate 1 USD	2,308.82	2,414.81	2,738.88	N/A

Total Market Size= (Total Local Production + Total Imports) - (Total Exports)
Data Sources:

Total Local Production: N/A
Total Exports: Malagasy Customs (FOB)
Total Imports: Malagasy Customs (CIF)
Total from U.S.: Malagasy Customs (CIF)

Products covered are within HTS Chapters 3301 “Essential Oil” which covers sub-sections 330112, 3301112, 330113, 330119, 330121, 330122, 330124, 330125, 330126,3 30129, 330130 and 330190. Almost all exports in 2013 came from 330129 (other essential oils rather than citrus-extract).

Opportunities

U.S. investors may be interested in finding local partnerships to exploit opportunities by selling essential oils overseas, as the market for this product is becoming more diverse, especially with continued growth in the emerging markets.

Resources

For additional information on investment opportunities in essential oils, potential investors can contact the Ministry of Industry, EDBM, the American Chamber of Commerce, or other business associations (see Chapter 9). 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.