Market Insights Consumer Toys & Hobby Toys & Games

Plastic & Other Toys - South Africa

South Africa

In South Africa, the revenue generated in the Plastic & Other Toys market in 2024 amounts to US$96m.
It is projected that this market will experience an annual growth rate of 1.27% (CAGR 2024-2029).
When comparing in South Africa to other countries on a global scale, in the United States leads in terms of revenue, generating US$7,961m in the same year.
In 2024, the per person revenue in South Africa's Plastic & Other Toys market is calculated to be US$1.58.
This figure is determined by dividing the total revenue by the country's population.
The demand for educational and eco-friendly plastic toys in South Africa is on the rise, driven by increased awareness of sustainability and the importance of early childhood development.

Key regions: Italy, United States, Asia, Germany, Europe

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on goods people buy for their leisure activities and hobbies.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use in-house market research, national statistical offices, international institutions, trade associations, third-party studies, and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and household number. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for forecasting the Toys & Hobby market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.