The turnover in Austria's manufacture of games and toys sector displayed noticeable fluctuations over the past decade. From 2013 to 2018, the industry experienced significant growth, peaking in 2018 with a dramatic year-on-year increase of 36.63%. However, a substantial decline followed in 2019, dropping by 22.45%, and the turnover continued to fall until 2021. A recovery started in 2022 with a 3.89% increase, continuing into 2023 with a 2.49% rise. As of 2023, the turnover stood at 546.9 million Euros.
Future trends to watch for include:
- The sector shows a forecasted stable turnover close to 545 million Euros annually from 2024 to 2028, with minimal growth fluctuations, reflected in a negative 5-year CAGR of -0.04%.
- Potential impacts of innovation in toy manufacturing, sustainability trends, and changes in consumer preferences.
- Effects of economic shifts and global supply chain dynamics on production costs and revenues.