Key Market Indicators
Azerbaijan's exports of works of art are projected to decrease by 9% annually, on average, to $61,000 by 2026 from $105,000 in 2021. In 2002, Azerbaijani exports were at their lowest with 25.8% year-on-year decrease. Brunei supplanted Azerbaijan in the 2021 ranking, coming in at number 95 with $105,000. The United Kingdom, Switzerland and France were ranked second, third and fourth, respectively. Azerbaijan's imports of works of art are set to drop by 6.4% year-on-year CAGR to $419,000 by 2026 from $615,000 in 2021. Since 2001, Azerbaijani imports grew by 28.9% year-on-year. Bulgaria ranked higher than Azerbaijan in 2021, at number 78 with $615,000. The United Kingdom, Switzerland and the United Arab Emirates held the second, third and fourth spots, respectively.
