The import of works of art, collectors' pieces, and antiques to Belgium experienced notable fluctuations between 2013 and 2023, with values peaking in 2013 at 184.38 million USD and dipping significantly to 65.574 million USD in 2020. Subsequently, the market began to recover, reaching 171.11 million USD in 2023. Year-on-year variations highlight considerable volatility, such as a sharp -59.38% decrease in 2020 due to market disruptions, followed by a strong rebound of 128.35% in 2021. Over the last five years, the compound annual growth rate (CAGR) stood at 1.12%, indicating moderate growth.
For future trends, growth is expected to continue at a steady pace, with forecasts showing a gradual increase to 182.38 million USD by 2028. Market participants should watch for economic conditions, cultural investments, and global art market trends as key factors influencing imports.
