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Shrimp industry: Madagascar records a drop in exports

10/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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On 4 March 2025, the Malagasy Minister of Fisheries and the Blue Economy, Paubert Mahatante, revealed that Madagascar exported 22.5 million USD worth of shrimp in 2024. This figure represents a decrease of 18% compared to 2023 when the volume was 26.6 million USD

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Madagascar raked in 105 billion ariarys ($22.5 million) in 2024 thanks to its shrimp shipments. This was revealed by Paubert Mahatante, Minister of Fisheries and the Blue Economy

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The announced envelope shows a decrease of 18% compared to the revenue of 124 billion ariarys ($26.6 million) obtained a year earlier, according to data from the country's Central Bank. This underperformance is explained by a decrease in the volume of shipments, which fell by 17% to 3065 tons year on year

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