Key Market Indicators
Guatemala's pigment export industry is on track for significant growth, with projections indicating an increase to approximately 397,000 kilograms by 2028. This marks a rise from the current level of nearly 367,000 kilograms in 2023, reflecting an average annual growth rate of 1.3%. Historical data since 1998 shows that the country's pigment supply has expanded at an average annual rate of 1.8%. On the import front, Guatemala is expected to see a substantial rise in pigment imports, which are projected to reach around 1.8 million kilograms by 2028. This is a notable increase from the estimated 1.5 million kilograms in 2023, representing an average annual growth rate of 2.7%. Since 1998, the demand for pigments in Guatemala has surged at an average annual rate of 4.2%.
