Sales in global art market drop 12% in 2024

What is happening in the global economy, and tactics for your business for the upcoming year.

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Handmade Seller Magazine
April 09, 2025

One of the ongoing challenges in the artisan and craft industries has been the pullback in consumer spending. It’s been a topic now for almost 2 years. The first measurable signs of the pullback started showing up in Etsy metrics, as the company started highlighting the trend. And now we have a recently released report that show a 12% drop in the art market to an estimated $57.5 billion worldwide.

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