Key Market Indicators
Russian pigment imports are projected to climb to approximately 4.56 million kilograms by 2028, up from about 4.16 million kilograms in 2023. This marks an average annual growth rate of 1.5%. Historical data shows that since 2001, the country's demand for pigments has been increasing at an average rate of 1.8% per year. On the export front, Russia is expected to see its pigment exports reach around 6.24 million kilograms by 2028, a rise from roughly 5.20 million kilograms in 2023. This represents a compound annual growth rate (CAGR) of 2.9%. Since 2001, Russian pigment exports have grown at an average annual rate of 3.7%. In 2023, Russia ranked tenth in global pigment exports, with Italy surpassing it at 5.20 million kilograms. Leading the rankings were Germany, Saudi Arabia, and China, occupying the second, third, and fourth positions respectively.
