Based on the provided data, the import value of hand-made paintings, drawings, pastels, and collages to Germany is exhibiting a steady year-on-year increase. In 2023, the actual import value stood at 485.32 million USD. The forecasted values show incremental growth each year from 2024 through 2028, with the value expected to rise from 491.69 million USD in 2024 to 519.14 million USD in 2028. This demonstrates a consistent upward trend with year-on-year percentage increases: approximately 1.44% from 2024 to 2025, 1.39% from 2025 to 2026, 1.34% from 2026 to 2027, and 1.30% from 2027 to 2028.
The compound annual growth rate (CAGR) for the forecasted period (2024-2028) is roughly 1.37%, indicating a stable and moderate growth pattern in the import market for these art forms.
Future trends to watch for include shifts in consumer preferences towards digital art due to advancements in technology and potential changes in trade policies that could impact import values. Additionally, the market could see fluctuations based on economic conditions and art trends emerging in different parts of the world.