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Azerbaijan Art Industry Outlook 2022 - 2026

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

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.

Azerbaijan Art Market Data and Forecasts

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