Key Market Indicators
Cyprus Pigment Imports Projected to Grow Steadily by 2028 Cypriot pigment imports are projected to reach approximately 220,000 kilograms by 2028, up from around 210,000 kilograms in 2023. This marks a consistent annual growth rate of 0.8%. Since 1994, the country's demand for pigments has surged by an impressive 22.7% annually. In contrast, Cypriot pigment exports are expected to decline. By 2028, exports are forecasted to drop to about 1,100 kilograms from 1,200 kilograms in 2023, reflecting an annual decrease of 1.1%. Despite this downturn, the country's pigment supply has seen a significant increase of 160.2% per year since 1994. In 2023, Cyprus ranked 64th in pigment exports, with Bosnia and Herzegovina surpassing it at 1,200 kilograms. Leading the global rankings were Germany, Saudi Arabia, and China, holding the second, third, and fourth positions, respectively.
