Key Market Indicators
Cabo Verde is projected to see a significant decline in pigment imports over the next five years. By 2028, the country's pigment import volume is expected to drop to approximately 14,700 kilograms, down from about 80,400 kilograms in 2023. This forecasted reduction represents a sharp annual decrease rate of 26%. The downward trend isn't new for Cabo Verde; since 2002, the country's pigment demand has been consistently falling at an average annual rate of 10.5%. The data suggests a continued contraction in the pigment market, reflecting broader economic or industry-specific challenges.
