The United Kingdom leads in European art imports for 2023, followed by Switzerland and France. Noticeable increases were seen in Germany, Belgium, and Ireland, while declines occurred in Luxembourg, Estonia, and Kosovo. Significant growth was recorded in regions like Cyprus and Bosnia and Herzegovina. Despite declining imports in some Western countries, Eastern European countries such as Romania and Serbia saw substantial increases, indicating shifting art market dynamics in Europe.
Future trends to monitor include the potential growth in emerging Eastern Europe markets and the impacts of socio-political changes, economic fluctuations, and technological advancements on European art imports. The continuous digital shift might also redefine art transactions.
Top countries in Work of Art Imports by Country
| # | 10 Countries | Thousand Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,491,700 | 2023 | +2.68% | +2.82% | View data |
| 2 | 2 Switzerland | 1,715,900 | 2023 | +6.88% | -3.79% | View data |
| 3 | 3 France | 777,190 | 2023 | -18.02% | +4.19% | View data |
| 4 | 4 Germany | 652,560 | 2023 | +9.75% | +7.83% | View data |
| 5 | 5 Belgium | 520,010 | 2023 | +32.72% | +34.26% | View data |
| 6 | 6 Italy | 206,320 | 2023 | -23.62% | +0.77% | View data |
| 7 | 7 Austria | 190,190 | 2023 | -5.82% | -0.29% | View data |
| 8 | 8 Spain | 155,560 | 2023 | -2.35% | +9.53% | View data |
| 9 | 9 Netherlands | 115,620 | 2023 | -2.95% | -5.68% | View data |
| 10 | 10 Norway | 72,450 | 2023 | -17.89% | +4.42% | View data |
