The import of handmade paintings, drawings, pastels, and collages to Canada is projected to follow a steadily increasing trend from 2024 to 2028, starting at $158.23 million in 2024 and reaching $168.86 million by 2028. For context, the value in 2023 stood at $155 million. The data shows year-on-year growth percentages of approximately 1.73% for 2025, 1.67% for 2026, 1.61% for 2027, and 1.55% for 2028. Over this five-year span, the compound annual growth rate (CAGR) is expected to be around 1.64%.

Future trends to watch for:

The impact of emerging markets, as they might influence supply and demand.
Technological advancements facilitating easier cross-border transactions and better market reach.
Potential shifts in cultural policy and funding affecting the art market.