The import value of pigments, opacifiers, and colours for ceramics or glass in the Philippines in 2023 stood at $5.419 million. From 2024 onwards, this market is forecasted to grow as follows: $5.5238 million in 2024, $5.6318 million in 2025, $5.7377 million in 2026, $5.8415 million in 2027, and $5.9431 million in 2028. The year-on-year variations indicate steady growth:
• 2023 to 2024: 1.93%
• 2024 to 2025: 1.96%
• 2025 to 2026: 1.88%
• 2026 to 2027: 1.81%
• 2027 to 2028: 1.74%
The Compound Annual Growth Rate (CAGR) over the next five years is expected to be around 1.86%.
Future trends to watch for in this sector include technological advancements in ceramic and glass production, potential trade policy changes, and emerging eco-friendly pigment options, which could impact import quantities and sourcing patterns.
