India: Toy Market 2024

Toy Market Size in India

The Indian toy market stood at $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Toy consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Toy Production in India

In value terms, toy production expanded to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Toy Exports

Exports from India

In 2022, exports of dolls and toys from India rose sharply to X tons, increasing by X% compared with the previous year. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, toy exports declined modestly to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

The United States (X tons) was the main destination for toy exports from India, with a X% share of total exports. Moreover, toy exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

In value terms, the United States ($X) remains the key foreign market for dolls and toys exports from India, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average toy export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, saw a modest increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Toy Imports

Imports into India

In 2022, after two years of decline, there was significant growth in purchases abroad of dolls and toys, when their volume increased by X% to X tons. Over the period under review, imports, however, faced a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, toy imports soared to $X in 2022. In general, imports, however, faced a abrupt decrease. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of toy to India, accounting for a X% share of total imports. Moreover, toy imports from China exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), fivefold. The third position in this ranking was held by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and the Czech Republic (X% per year).

In value terms, China ($X) constituted the largest supplier of dolls and toys to India, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average toy import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sri Lanka ($X per ton) and Malaysia ($X per ton), while the price for China ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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