The export value of Works of Art, Collectors' Pieces, and Antiques from Israel has experienced fluctuations between 2013 and 2023, seeing significant growth and occasional declines. In 2013, exports stood at $65.704 million, and by 2023 this had increased to $93.015 million. Recent trends indicate a modest annual growth rate, with a year-on-year increase of just 1.91% in 2023, while the 5-year CAGR leading up to 2023 is 3.51%. This suggests a steady growth curve. Forecasted data points to a continued increase, with a forecasted 5-year CAGR of 1.5%, indicating a more stable, consistent growth rate over the upcoming years.
Future trends to watch include:
- Potential economic influences on global art market dynamics.
- Emerging digital art forms and their impact on market shifts.
- Policy changes and international regulations affecting trade.
- Technological advancements in art authentication and transaction security.