The manufacture of games and toys sector in Finland has experienced oscillating growth patterns over the past decade, with a notable jump in production value from 2015, peaking in 2018 at 30.9 million euros. The sector's value stood at 29.8 million euros in 2023. Recent trends showed a shift with positive yet modest year-on-year growth rates of 3.58% in 2022 and 3.11% in 2023. The 5-year CAGR from 2019 to 2023 indicated a slight decline at -0.72%, overall displaying a maturity phase.
Future projections from 2024 onward suggest a steady upward trend, with forecasted growth rate projected at 2.18% CAGR over the next five years, leading to an 11.37% increase by 2028.
Trends to watch for in the future include:
- Adoption of innovative and educational toys fueled by advancements in technology and increasing consumer demand.
- Potential impacts of sustainable manufacturing practices and eco-friendly materials.
- Global economic factors and trade policies influencing production costs and market competitiveness.