The production value of the toys and games industry in Belgium has shown fluctuating but generally upward trends. From 2013 to 2023, the value increased from 120.7 million euros to 140.6 million euros. Notable fluctuations include a peak at 133.4 million euros in 2018 followed by minor declines and continuous increases thereafter. The year-on-year variations demonstrate volatility with significant spikes in 2013 (40.19%) and drops in 2014 (-14%). In recent years, the increases have been more moderate, with a 2.18% increment in 2023.
Projections from 2024 to 2028 anticipate continued growth, reaching around 155.3 million euros by 2028. The average annual growth rate over the next five years is forecasted at 1.59%, indicating steady but modest expansion.
Future industry trends to watch for include technological advancements in toys and games, shifts in consumer preferences towards digital and interactive products, as well as sustainable and eco-friendly manufacturing practices becoming more prominent.
