Key Market Indicators
Korean Pigment Imports are projected to hit 3.44 million kilograms by 2028, up from 3.39 million kilograms in 2023. This marks an average annual growth rate of 0.3%. Since 1993, demand for pigments in Korea has risen by an average of 0.4% each year. In contrast, Korean Pigment Exports are expected to decline to 1.04 million kilograms by 2028, down from 1.23 million kilograms in 2023. This represents an average annual decrease of 2.5%. Since 1993, the country's pigment supply has decreased by an average of 1.5% per year. In 2023, Korea ranked 28th in pigment exports, with Norway surpassing it with 1.23 million kilograms. Germany, Saudi Arabia, and China held the second, third, and fourth spots, respectively.
