Import of Toys, Games, and Sports Requisites to Indonesia stood at 501.2 million US dollars in 2023. From 2013 to 2023, the market exhibited significant fluctuations, with notable declines in 2014 and 2015 followed by a robust recovery peaking in 2023.
Recent years show a stable upward trend reflected by a 4.48% year-on-year increase and an average compound annual growth rate (CAGR) of 3.17% over the past five years.
Looking forward, the forecast indicates continued growth with an expected CAGR of 2.92% through 2028, translating to an estimated growth of 15.49% by that year.
Future trends to watch include:
- Potential impact of economic policies on consumer spending.
- Technological advancements in toys and games increasing product value.
- Shifts in consumer preferences towards digital and educational toys.
- Influence of global trade dynamics and supply chain resilience.