Key Market Indicators
Bermuda's pigment imports witnessed a dramatic decline in 2023, plummeting to approximately 736 kilograms. This represents a sharp 56% drop from the previous year's total of 1,680 kilograms. The downturn in pigment demand marks a significant shift for the island nation. Since 2015, Bermuda's need for pigments has steadily decreased, with an average annual reduction of about 23%. The latest figures underscore a continuing trend in the declining demand for pigments over the past several years.
