The import of toys, games, and sports requisites to Namibia showed substantial growth from 2013 to 2015, peaking in 2015 at $29.01 million USD. This upward trend significantly declined in 2016 by 32.5%, and despite minor rebounds, the values have generally trended downwards since then. Imports stood at $17.82 million USD in 2023, marking slight yearly declines over the most recent years. The year-on-year variation for 2023 was a slight decrease of 0.44%. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged 0.98%, indicating minimal overall growth. Future forecasts suggest a continued decline, with a five-year forecast CAGR of -0.37%.
Future trends to watch for:
- Potential impacts of economic stability in Namibia on consumer spending.
- Global supply chain disruptions affecting import levels.
- Increased demand for digital and online entertainment options potentially reducing physical toys and games demand.
- Changes in import regulations or tariffs affecting costs.