Key Market Indicators
In 2023, Israel's pigment exports plummeted dramatically to approximately 650 kilograms, a sharp decline from 3,100 kilograms in 2022. This represents a staggering 79% drop compared to the previous year. The country's pigment supply has been on a downward trajectory since 2008, decreasing by nearly 50% annually. In the global ranking for 2023, Israel placed 67th, with Andorra surpassing it by exporting the same amount, around 650 kilograms. Leading the rankings were Germany, Saudi Arabia, and China, holding the second, third, and fourth positions, respectively. On the import front, Israel's pigment demand is projected to slightly increase. By 2028, imports are expected to reach about 800,750 kilograms, up from roughly 798,760 kilograms in 2023. This indicates a modest annual growth rate of 0.1% since 2008, mirroring the steady rise in demand over the years.
