Based on the provided data, the import value of hand-made paintings, drawings, pastels, and collages to Brazil is projected to grow steadily from 2024 to 2028. Here's an analysis of the forecasted period:
- In 2023, the import value stood at an actual figure, which is used as a base for future calculations.
- For 2024, the forecasted import value is 16.585 million USD. This represents a percentage increase compared to 2023.
- In 2025, the import value is expected to rise to 16.953 million USD, showing a year-on-year increase that continues the growth trend.
- Forecast for 2026 indicates a further increase to 17.314 million USD, maintaining a positive growth trajectory.
- By 2027, the expected value reaches 17.668 million USD, sustaining a consistent uptrend.
- The import value for 2028 is projected at 18.014 million USD, solidifying the continued growth over the five-year span.
An analysis of the CAGR reveals a steady upward trend, with an average yearly growth rate over this period.
Future Trends to Watch For:
- Shifts in cultural and economic policies impacting art import regulations.
- Emerging markets and demographic changes influencing art demand in Brazil.
- Evolution of global art trends and their impact on Brazil's import preferences.
- Impact of digital art and NFTs on traditional art imports.