The sold production of games and toys in Spain exhibited a fluctuating trend from 2013 to 2023. Starting from 11.147 million items in 2013, it saw a peak in 2015 at 11.846 million items before facing a significant drop to 7.9623 million items in 2017. After a brief recovery in 2020, the production soared to 13.716 million items in 2021, maintaining an upward trajectory to 15.037 million items by 2023.
Year-on-year variations highlight key shifts:
• 2013 to 2014: +2.55%
• 2014 to 2015: +3.63%
• 2015 to 2016: -6.16%
• 2016 to 2017: -28.37%
• 2017 to 2018: -1.6%
• 2018 to 2019: -3.33%
• 2019 to 2020: +13.42%
• 2020 to 2021: +59.67%
• 2021 to 2022: +4.75%
• 2022 to 2023: +4.66%
The Compound Annual Growth Rate (CAGR) for the last 5 years up to 2023 stands at 13.93%, indicating a strong recovery and growth trend. Projections from 2024 to 2028 anticipate a steady rise, with a forecasted 5-year CAGR of 3.09%, reaching an estimated 18.284 million items by 2028.
Future trends to watch for include technological advancements in gameplay, increased demand for online and interactive toys, and a growing focus on sustainable and educational toys, all contributing to maintaining the upward trend in sold production volumes in Spain.