Key Market Indicators
Saudi Arabia's pigment export is projected to reach approximately 12.8 million kilograms by 2028, up from about 12.5 million kilograms in 2023. This marks an average annual growth rate of 0.6%. Since 1996, the country's pigment supply has increased by 2.5% each year. In 2023, Saudi Arabia was ranked third in global pigment exports, with Germany surpassing it at 12.5 million kilograms. The top exporters in the ranking were Germany, Saudi Arabia, and China, respectively. On the import side, Saudi Arabia's pigment import is expected to grow to nearly 15.6 million kilograms by 2028, from around 14.4 million kilograms in 2023. This reflects an average annual growth rate of 1.3%. Since 1996, the nation's pigment demand has surged by 4.3% annually.
