Key Market Indicators
Ecuador's pigment import is projected to reach approximately 894,000 kilograms by 2028, up from around 781,000 kilograms in 2023. This reflects an average annual growth rate of 2.2%. Notably, since 1996, the country's demand for pigments has consistently increased by 3% each year. On the export front, Ecuador's pigment shipments saw a dramatic decline. In 2018, the country exported just 269 kilograms, a steep drop from the 3,140 kilograms exported in 2017—a decrease of over 91%. Over the longer term, starting from 1997, Ecuador's pigment supply has contracted by an average of 8.9% annually.
