In 2023, the export of works of art, collectors' pieces, and antiques from Canada stood at $325 million USD. Forecasted data indicates incremental growth over the next five years, with values reaching $328.97 million USD in 2024 and progressively rising to $343.52 million USD by 2028. The year-on-year variation shows an average increase of approximately 1.1% annually, aligning with a steady growth trajectory observed in this sector for the past two years. The compound annual growth rate (CAGR) over the five-year period is estimated at 1.1% per year.
Future trends to watch for in this market include the impact of digital sales platforms improving global market access, evolving consumer preferences towards contemporary and indigenous art, and economic conditions influencing discretionary spending on high-value cultural items. These factors could potentially accelerate or decelerate the growth rate in upcoming years.