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Luxembourg Art Industry Outlook 2022 - 2026

See how Luxembourg Art performed compared to key markets such as the United States, the United Kingdom and Switzerland.

Key Market Indicators

Luxembourg's import of works of art is expected to reach $122 million by 2026, up from $93 million in 2021. This is an average of 4% year-on-year growth. Since 2004, the demand for art in Luxembourg has decreased by 0.5% year-on-year. In 2021, Denmark overtook Luxembourg, with $93 million. The United Kingdom, Switzerland and the United Arab Emirates respectively ranked 2nd, 3rd and 4th. Luxembourg's export of works of art is forecasted to fall by 1.2% year-on-year CAGR, reaching $8 million by 2026 from $8.4 million in 2021. Since 2004, the supply of art in Luxembourg has increased 33.7% year-on-year. In 2021, Zimbabwe overtook Luxembourg, with $8.4 million. The United Kingdom, Switzerland and France respectively ranked 2nd, 3rd and 4th.

Luxembourg Art Market Data and Forecasts

How much will Luxembourg Art Market grow to 2026?

Forecast: Work of Art Imports to Luxembourg
Forecast: Work of Art Exports from Luxembourg
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