Key Market Indicators
Belarusian Pigment Export is projected to decline to approximately 23,000 kilograms by 2028, down from around 31,000 kilograms in 2023. This represents an average annual decrease of 4.6%. Despite this downturn, Belarusian pigment exports have seen a historical increase of 3.4% per year since 2003. In 2023, Belarus was ranked 52nd in the world for pigment exports, with Luxembourg surpassing it at the same level of 31,000 kilograms. Leading the global export rankings were Germany, Saudi Arabia, and China, holding the second, third, and fourth positions respectively. On the import side, Belarusian pigment imports are forecasted to grow to nearly 1 million kilograms by 2028, up from around 920,000 kilograms in 2023. This growth translates to a compound annual growth rate (CAGR) of 1.2%. Since 2003, the country's demand for pigments has increased at an annual rate of 1.6%.
