The production value in the Manufacture of Games and Toys sector in Turkey has exhibited a consistent upward trajectory from 2013 to 2023, reaching 2,590 million New Turkish Liras in 2023. The sector experienced significant year-on-year growth rates, peaking notably in 2020 with a 39.42% increase year-over-year. Over the last two years, the yearly growth rate was 20.11% in 2022 and 16.47% in 2023. The compound annual growth rate (CAGR) over the previous five years (from 2018 to 2023) was 23.65%.
From 2024 onward, forecast data indicate further growth in the sector, with production expected to rise to 4,330 million New Turkish Liras by 2028. This represents a forecasted five-year compound annual growth rate of 7.99%, suggesting continued expansion albeit at a slower pace compared to the past decade. The total growth rate forecasted for this five-year span is 46.86%.
Future trends to watch for include the impact of technological advancements in toy manufacturing, shifts in consumer preferences toward educational and digital toys, as well as the influence of global economic factors on domestic production. Monitoring these trends will be crucial for understanding the sector's evolution and potential new opportunities.
