UK art market growth lags behind competitors, new report finds
British Art Market Federation also emphasises the important role small businesses within the art trade
The UK art market has experienced significant growth over the past 30 years, reaching £8 billion in sales in 2025, but has struggled to keep pace with its international competitors, according to a new report. Despite holding 50% of Europe's art market share, UK sales have only grown by 17% since 2009, compared to 114% globally and 51% in the United States.
Overly complex regulations, particularly affecting small and micro businesses, are identified as a key barrier to growth. UK imports of art and antiques have dropped by 45% from £4.1 billion in 2015 to £2.2 billion in 2025, while exports have decreased by 48% from £6 billion to £3.1 billion. The report highlights the importance of the domestic market, which supports 53,290 jobs and generates £1.5 billion in tax revenue, as well as the broader impact on thousands of visual artists.
Despite these challenges, the UK's cultural contribution and role as a major international hub are still significant, with 65% of art businesses based outside of London. The report suggests that leaving the EU may present new opportunities, though regulatory guidance for blockchain participants remains unclear.
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