Employment in the Manufacture of Games and Toys Sector in Belgium showed a fluctuating trend from 2013 to 2023. Employment peaked at 569 units in 2013 but experienced significant drops and slight rebounds over the years. The most notable decline was in 2014 with a -22.67% YoY change. The sector saw modest recovery periods, such as in 2018 with an 8.02% increase. From 2019 onwards, the trend generally indicated stabilization around the mid-480s to low-500s range, standing at 486 units in 2023.
The average annual growth rate (CAGR) over the last 5 years shows a slight negative trend at -1.53%, indicating a somewhat shrinking industry. Forecasted data from 2024 onwards shows a continued marginal decline, with the employment projected to decrease to 484 units by 2028, averaging a negligible annual decline of -0.04%.
Future trends to watch for:
⦁ Advances in automation and technology which may impact labor requirements.
⦁ Shifts in consumer preferences towards digital gaming affecting physical toy manufacturing.
⦁ Potential impacts from global supply chain dynamics and economic conditions.
