OVERVIEW
Antiques are objects typically over 100 years old and valued for their historical, cultural or artistic significance; These items can include furniture, art, jewelry, books and decorative pieces and are a part of the Arts and Antiques section.
In 2023, global trade of Antiques reached $2.36B, reflecting a 10.6% increase from 2022, when it totaled $2.13B and, over the past five years, this category’s trade has declined at an annualized percentage rate of 2.57. During the same year, Antiques ranked 730 out of 1217 products, accounting for 0.01% of world trade and a Product Complexity Index of -0.7.
EXPORT AND IMPORT
In 2023, the leading exporter of Antiques were United Kingdom, with an amount of $578M, France, around $407M, and United States, with $348M.
On the other hand, the top importers were United States, a little $795M, Hong Kong, with an estimated $545M, and France, $179M.
GROWTH POTENTIAL
In 2022, Germany was the largest export potential for United Kingdom’s Antiques, with an amount of $7.82M, with a predicted export potential of $2.99M.
This could lead to total exports of $10.8M, representing an increase of 38,3%, compared to the current value.
CONCLUSIONS
Antiques serve for several purposes, like collecting, decorating, preserving history, monetary value, and are a precious part of the Arts and Antiques section.
In 2023, they reflected a 10.6% increase from 2022, with a Product Complexity Index of -0.7 and a world trade ranking of 730 out of 1217 products.
Source: https://oec.world/en
