Key Market Indicators
Luxembourg's pigment export is projected to climb to approximately 40,500 kilograms by 2028, up from around 31,900 kilograms in 2023. This marks a compound annual growth rate (CAGR) of 3.8%. Since 2004, Luxembourg's pigment supply has grown at an annual rate of 3.6%. In 2023, the country ranked 51st globally, with Azerbaijan surpassing it at roughly 31,900 kilograms. Germany, Saudi Arabia, and China occupied the second, third, and fourth spots, respectively. In contrast, Luxembourg's pigment import is expected to decline to around 141,400 kilograms by 2028 from roughly 148,700 kilograms in 2023. This represents an average annual decrease of 0.7%. Despite this projected decline, Luxembourg's pigment demand has seen a marginal increase of 0.3% annually since 2004.
