Key Market Indicators
Malaysian imports of works of art are expected to reach $21.5 million by 2026, up from $19.1 million in 2021. This is an average growth rate of 2% year on year. Since 1994, there has been a 14.7% year on year increase in demand from Malaysia. In 2021, the country ranked 35th, with Kuwait ranking ahead at $19.1 million. The United Kingdom, Switzerland and the United Arab Emirates ranked second, third and fourth respectively. Exports of works of art from Malaysia are forecast to reach $2.9 million in 2026, down from $3.1 million in 2021, with an average year on year decline of 1.2%. Since 1994, the supply has decreased by 2.5% year on year. In 2021, Malaysia ranked 49th, with Colombia ranking ahead at $3.1 million. The United Kingdom, Switzerland and France ranked second, third and fourth respectively.
Malaysia Art Market Data and Forecasts
How much will Malaysia Art Market grow to 2026?
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