Key Market Indicators
Brazil's pigment import is projected to decline to approximately 1.06 million kilograms by 2028, down from around 1.21 million kilograms in 2023. This represents a compound annual growth rate (CAGR) of -2%. Since 1994, the country's demand for pigments has decreased by an average of 2.2% annually. On the export front, Brazil is expected to see its pigment exports drop to about 1.46 million kilograms by 2028, from roughly 1.59 million kilograms in 2023. This marks a CAGR of -1.2%. Historically, Brazil's pigment supply has decreased by 0.9% per year since 1994. In global rankings for 2023, Brazil held the 25th position in pigment exports. Austria surpassed Brazil with exports amounting to 1.59 million kilograms. Germany, Saudi Arabia, and China ranked second, third, and fourth, respectively.
