The forecasted export value of Works of Art, Collectors Pieces, and Antiques from the Philippines shows a declining trend from 2024 to 2028, starting at $4.9654 million in 2024 and decreasing yearly to $4.5764 million in 2028. In 2023, the actual export value stood at $5.0702 million, indicating that the industry is experiencing a noticeable downward trend.
Year-on-year analysis reveals the following variations:
- 2025: -2.02%
- 2026: -2.02%
- 2027: -2.03%
- 2028: -2.02%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately -2.00%, highlighting a consistent decline in export values.
Future trends to watch for include potential economic fluctuations, changes in global demand for art and antiques, and possible new trade regulations or agreements that could either dampen or bolster the market. Additionally, there could be emerging markets in the digital art space or rising interest in specific categories of collectibles that might alter these forecasted trends.