Key Market Indicators
The import of pigments in Madagascar is projected to decline to approximately 35,900 kilograms by 2028, down from around 39,700 kilograms in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 1.6%. Historical data reveals that since 1995, the demand for pigments in Madagascar has seen a steady decline of 1.2% annually. In contrast, the supply side has shown significant growth. Since 1999, Malagasy pigment supply has surged by 46.1% year over year.
