Market Insights Consumer Toys & Hobby Toys & Games

Toys for Toddlers & Kids - Turkmenistan

Turkmenistan

In Turkmenistan, the revenue generated in the Toys for Toddlers & Kids market in 2024 amounts to US$3m.
It is projected to grow annually by 4.78% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads with a revenue of US$8,187m in 2024.
Looking at the population figures, the per person revenue generated in Turkmenistan in 2024 is US$0.52.
Despite being a relatively small market, Turkmenistan has witnessed a surge in demand for educational toys, as parents prioritize early childhood development.

Key regions: India, Worldwide, Italy, Asia, United States

Market

Region

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Currency

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.