In 2023, average household expenditure on art, antiques, and decorative ware in Canada was approximately 74.50 Canadian Dollars. Forecasts from 2024 to 2028 indicate a steady increase in spending, rising incrementally from 74.66 to 75.31 dollars. Year-on-year growth rates are modest, averaging around 0.2% annually over each subsequent year. The five-year compound annual growth rate (CAGR) is similarly modest, showing a gradual, but consistent, upward trend.
Future trends to watch for will include shifts in consumer preferences toward experiential and sustainable art forms, the influence of digital platforms on market access, and potential economic factors affecting disposable income, which could impact expenditure in this niche sector.
