Argentina Art and Craft Market Overview, 2029

Argentina's art and craft business is firmly entrenched in the country's rich cultural heritage and indigenous customs. It has progressed through stages of modernisation, globalisation, and digital revolution. The Argentine art and craft sector has long been an important component of the country's identity. Handicrafts like weaving and pottery have been culturally significant since the time of indigenous peoples. With the introduction of European settlers, new art forms and techniques emerged, resulting in a hybrid of indigenous and European elements that moulded modern Argentine handicraft. The Argentine art and craft sector has seen a steady integration of internet platforms, fostering innovation. Before the COVID-19 epidemic, many craftspeople depended on conventional marketplaces. The Argentine government regulates the art market through a variety of legislation aimed at preserving cultural heritage and prohibiting illegal trafficking. Law No. 25.743, enacted in 2003, focusses on the preservation of Argentina's archaeological and paleontological heritage. This regulation has an indirect impact on the craft industry, particularly for indigenous craftsmen, by protecting traditional goods against exploitation or misrepresentation. In terms of taxation, the Argentine government levies a value-added tax (VAT) on art and craft sales, which applies to both domestic and international sales. Furthermore, compliance with customs laws is crucial for exported art and crafts, as Argentina is a signatory to a number of trade agreements that influence import and export dynamics. According to the research report, " Argentina Art and Craft Market Outlook, 2029," published by Bonafide Research, the Argentina's art and craft market is anticipated to add to more than USD 1,700 Million by 2024–29. Some well-known names in the market include the "Fundación Proa" in Buenos Aires, a cultural centre that supports modern artists, and smaller artisan groups in Salta and Jujuy, who are noted for traditional weaving and ceramics. Various craft markets, such as the "Feria de Mataderos," are essential venues for craftsmen to display their work to both local and international visitors. Local raw material providers play an important role in the art and craft market. Argentina's textile industry, for example, serves a substantial portion of the craft sector by providing locally produced wool and materials required for traditional crafts such as weaving. The United States, Europe, and neighbouring Latin American countries are major export markets for Argentine handcrafted products. The Argentine art and craft market is diversified, with a vast range of products catering to a variety of consumers, both domestically and globally. Government-sponsored craft fairs and exhibitions are still an essential promotional tool for the industry. The Ministry of Culture and other local government entities organise events like the "Semana del Arte" in Buenos Aires, which allows local artisans and craftspeople to showcase their work to a larger audience. Furthermore, the rise of social media platforms has opened up new channels for promotion, particularly among younger craftsmen who use Instagram, Facebook, and even TikTok to reach clients directly.

Painting and Drawing, Paper Crafts, Kids Crafts, Arts and Crafts Tools, and other craft categories reflecting the country's rich cultural legacy are among the most popular. Painting and drawing are among the most important industries in Argentina's art market. The country has a long history of visual arts, with prominent artists like Xul Solar and Antonio Berni influencing local art movements. Art supply stores in Argentina, such "Pinturerías Rex" and "Casa Torres," offer a variety of materials like acrylics, oils, watercolours, and sketching tools. Paper crafts, such as origami, scrapbooking, and card making, have a tiny but loyal following in Argentina. These crafts are frequently used in school settings and community activities. Local distributors like "Papelería Kaizen" offer specialised papers, glue, and crafting materials. Crafts for children maintain a considerable market share, particularly for educational purposes. Colouring books, clay, easy craft kits, and safe scissors are among the products offered. These are popular with both parents and schools because they help children develop their creativity and fine motor abilities. Suppliers like "Jugueterías Cebra" and "Jugueterías Educativas" distribute these things widely, especially during holiday seasons when demand is high. This category comprises a variety of craft equipment, such as scissors, paintbrushes, easels, and specialised cutting implements. Argentine providers such as "Palermo Art Supply" and "Grafika" provide a diverse range of tools for both professional and amateur artists. The "Others" area encompasses a diverse range of artistic expressions, from weaving and knitting to pottery and ceramics. Argentina has a long history of textile arts, particularly in locations like Salta and Jujuy, where indigenous crafts are still practiced. The art and craft market in Argentina serves both personal and commercial purposes, with each contributing considerably to the market in its own unique way. Art and craft items for personal use are popular across a wide range of demographics, from school-aged children to individuals who enjoy art as a hobby. Suppliers such as "Palermo Art Supply" and "Casa Torres" provide a wide range of products for everyday use, including paints, sketchbooks, yarns, and craft kits. Local distributors often offer kits for home projects, which became especially crucial during the COVID-19 pandemic, when many individuals turned to arts and crafts to cope with lockdowns and isolation. Personal use dominates in terms of volume, as a sizable section of the population engages in artistic and craft activities for personal satisfaction. Commercial uses in the Argentine art and craft sector include professional artists, galleries, and businesses that use craft products for marketing and business goals. This category includes the production of art for sale, interior design, artisanal products, and specialised crafts utilised in businesses such as tourism. Argentine regions such as Salta and Jujuy are well-known for manufacturing traditional textiles and pottery, which are sold locally and worldwide. Key suppliers, such as "Fundación Proa" and Buenos Aires galleries, provide professional artists with high-end materials for commercial-grade artwork. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Art & craft products market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type • Painting and Drawing • Paper Crafts • Kids Crafts • Arts and Crafts Tools • Others By Application • Personal Use • Commercial Use

The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Art & craft products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.