Over the past decade, Malaysia's export of Works of Art, Collectors' Pieces, and Antiques has seen significant fluctuations. The value peaked in 2014 with a strong year-on-year increase of 91.24% but dropped considerably in subsequent years like 2015 (-56.2%) and 2020 (-18.17%). The most recent year, 2023, marked an export value of 2.9816 million USD, signifying a slight decline from the previous year at -1.39%. The 5-year CAGR leading up to 2023 was -2.23%, indicating a general downward trend. Future forecasts predict this decline to continue with a 5-year forecast CAGR of -1.21% and an overall decrease of 5.89% by 2028.
Future trends to watch for:
- Geopolitical factors and economic stability in key markets
- Emerging interests and shifts in global art and antiques market
- Impact of digital transformation on traditional art markets
- Regulations affecting art export and trade policies