Key Market Indicators
Paraguayan exports of works of art are forecast to reach $6.7 billion by 2026, declining by 9.4% annually, on average, from 2021's $11.4 billion. Since 1997, Paraguayan supply has grown by 91%. In 2021, the country ranked 110th; Fiji placed first with $11.4 billion. The United Kingdom, Switzerland, and France held the second, third, and fourth positions, respectively. Paraguayan imports of works of art fell by 27.6% to $103.5 million in 2021, from $142.9 million in 2020. Since 1994, Paraguayan demand has increased by 2% annually. In 2021, the country ranked 112th; Antigua and Barbuda placed first with $103.5 million. The United Kingdom, Switzerland, and the United Arab Emirates held the second, third, and fourth positions, respectively.