The export of works of art, collectors pieces, and antiques from Australia has shown significant fluctuations from 2013 to 2023. Initially stable from 2013 to 2014, values dropped by 11.59% in 2015 and continued varying widely, experiencing a significant downturn in 2020 by 59.89%. A recovery phase started in 2021 with a 125.61% increase, leveling off to smaller fluctuations by 2023, with a marginal increase of 0.26%. The export value stood at $81.474 million in 2023, with a 5-year CAGR of -0.57% during the period from 2019 to 2023.
Looking forward, from 2024 to 2028, the forecast indicates a relatively steady yet slow growth trend with a projected 5-year CAGR of 0.24% and an overall growth rate of 1.18%. The anticipated figures show marginal increases yearly, reflecting a stabilized market with minor upward movements.
Future trends to watch for include potential impacts of global economic conditions on luxury spending, shifts in collector demographics, the influence of digital marketplaces on art sales, and regulatory changes affecting art trade policies.