The import of Toys, Games, and Sports Requisites to the Netherlands has generally been on an upward trajectory from 2013 to 2024, growing from $2.16 billion in 2013 to $3.40 billion in 2024. The actual value stood at $3.34 billion in 2023. The rise is marked by significant year-on-year variations, as seen in the highest annual increase of 19.45% in 2014 and a decline of 6.07% in 2015. The CAGR over the last five years leading to 2023 was approximately 1.12%.
Key observations:
- 2017-2018 experienced robust growth with double-digit increases, peaking at 10.47% in 2018.
- 2020 faced a slight decline of 3.22%, likely due to the global COVID-19 pandemic impacts.
- 2023 saw modest growth at 1.67% year-on-year.
- The forecasted CAGR for the next five years is expected to be around 1.3%, indicating steady but slower growth.
Future trends to watch for:
- The impact of innovation in toy technology and eco-friendly materials.
- Shifts in consumer behavior influenced by digitalization and e-commerce.
- Potential economic fluctuations and trade policies affecting import dynamics.