The import value of handmade paintings, drawings, pastels, and collages to India is forecasted to increase steadily from $75.015 million in 2024 to $82.139 million in 2028. This represents a consistent year-on-year growth rate of approximately 2.45% to 2.52% over the period. Comparatively, the import value in 2023 stood at approximately $73.2 million, showcasing a significant upward trend in demand and value appreciation in subsequent years.
Future trends to watch for include the impact of changing consumer preferences and cultural influences on art imports. Additionally, fluctuations in global art market dynamics and exchange rates may further affect import values.
- Year-on-year growth: 2.45% to 2.52%
- Last 5-year CAGR: Consistent positive growth
