Key Market Indicators
Nepal's imports of works of art are projected to drop to $729,600 by 2026 from $38,140 in 2021, a decrease of 53.1% on average each year. Since 2014, Nepal's demand has decreased 12% annually. It was ranked 124th in 2021, behind Belize's $38,140. The United Kingdom, Switzerland, and the United Arab Emirates were second, third, and fourth in the rankings, respectively. Meanwhile, Nepal's exports of works of art are projected to decrease to $2.2 million by 2026 from $4.2 million in 2021, a decline of 10.7% per year on average. Since 1999, Nepal's supply has been shrinking at a rate of 5.2% annually. In 2021, it was 44th in the rankings, behind Lithuania's $4.2 million. The United Kingdom, Switzerland, and France were second, third, and fourth, respectively.
