The Toys and Games production value in Norway for 2023 was 2.2 million Euros. Moving forward, the forecasted values indicate a consistent growth trend. In 2024, the production value is expected to rise to 2.3 million Euros, representing a year-on-year increase of approximately 4.5%. In 2025, the value continues its upward trajectory to 2.4 million Euros, maintaining a growth rate of 4.3% compared to the previous year. Similarly, for 2026 and 2027, the value remains steady at 2.4 million Euros and then rises to 2.5 million Euros, indicating a stable year-on-year growth of around 2.1% and 4.2% respectively. By 2028, the value is forecasted to remain at 2.5 million Euros, showcasing a smaller growth rate.
Future trends to watch out for include:
- Technological advancements in toy production which may enhance value.
- Potential increase in demand for educational and digital toys.
- Impact of global supply chain challenges on production costs and value.