In 2023, Brazil exported works of art, collectors' pieces, and antiques valued at $368.00 Million US Dollars. Forecasted data show steady growth in this sector, with export values expected to increase to $387.29 million in 2024 and up to $463.53 million by 2028. This indicates consistent year-on-year growth, starting with a 5.2% increase from 2023 to 2024. The projected average annual growth rate (CAGR) over the next five years stands at approximately 5.1%.
Key trends to watch for in the future include:
- Increased demand for Brazilian art and antiques globally, driven by a growing appreciation for Latin American culture.
- Advancements in digital platforms facilitating international sales and auctions.
- Potential economic fluctuations and trade policies that could impact export values.
- Emerging markets showing increased interest in art investments, potentially driving higher export volumes.