Key Market Indicators
Ecuadorian demand for works of art is projected to reach $605 million by 2026, down 0.3% from 2021. Demand has grown 14.8% annually since 1996, when the country ranked 79th in the world. In 2021, Azerbaijan overtook Ecuador, with demand reaching $614 million. The United Kingdom, Switzerland and the United Arab Emirates followed in the rankings, at 2nd, 3rd and 4th place respectively. Supply of works of art from Ecuador is expected to reach $65 million by 2026, a decrease of 0.7% year on year. Since 1996, this has dropped 25.7% on average. In 2021, Cyprus overtook Ecuador, with a supply of $68 million. The United Kingdom, Switzerland and France followed in the rankings at 2nd, 3rd and 4th place respectively.
