Key Market Indicators
Iranian pigment imports are projected to decline significantly by 2028. The volume is expected to drop to approximately 340,000 kilograms from around 552,000 kilograms in 2023, marking an average annual decrease of 7.6%. This trend follows a historical pattern; since 2002, Iranian pigment demand has fallen by an average of 6.2% per year. In contrast, Iranian pigment exports are on an upward trajectory. By 2028, exports are anticipated to reach about 103,000 kilograms, up from nearly 93,000 kilograms in 2023. This represents an annual growth rate of 1.7%. Historically, Iran's pigment supply has increased by an average of 2.4% per year since 2002.
