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.
