Key Market Indicators
Tobagonian Pigment Export is poised for significant growth, with projections indicating a rise to approximately 77,000 kilograms by 2028. This marks an increase from around 66,000 kilograms in 2023, reflecting an average annual growth rate of 2.6%. The export supply from Tobago has seen a steady climb, increasing by 4% annually since 1996. In stark contrast, Tobagonian Pigment Import has experienced a sharp decline. The import volume plummeted to approximately 42,000 kilograms in 2023, a dramatic drop from roughly 148,000 kilograms in 2022. This represents a staggering 72% decrease compared to the previous year. Over a longer period, since 1996, the demand for imported pigments in Tobago has consistently fallen, averaging a yearly reduction of 41%.
