Between 2013 and 2023, the import of toys, games, and sports requisites to South Africa exhibited fluctuating trends. The peak occurred in 2014 with slight recovery, following a marked decline that began in 2015 and continued through 2016. Since 2017, a steady recovery trend has been visible, although the year-on-year growth rate has remained relatively modest since 2019. In 2023, the import value stood at 494.41 million US dollars, reflecting a slight increase from the previous year.
Over the last two years (2022-2023), the import value of toys, games, and sports requisites saw modest year-on-year gains, each below 1%. The last five years' Compound Annual Growth Rate (CAGR) averaged at 0.78%, indicating a slow but positive trend in import enhancement.
Forecast for the period 2024-2028 projects a consistent annual increment in imports, with a 0.71% CAGR, achieving an estimated value of 517.24 million USD by 2028. This reflects a total growth rate of 3.61% over the five-year span.
Future trends to watch for include potential impacts of digital transformation on physical toy demand, shifts in consumer preference towards interactive and educational gaming, and the influence of global supply chain dynamics on import volumes. Monitoring economic factors and potential trade policies will be critical in forecasting future import trajectories.