Sri Lanka: Toy Market 2024

Toy Market Size in Sri Lanka

In 2022, the Sri Lankan toy market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, the total consumption indicated a perceptible 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, consumption decreased by X% against 2019 indices. Toy consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Toy Production in Sri Lanka

In value terms, toy production shrank to $X in 2022 estimated in export price. In general, the total production indicated tangible growth 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Toy production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Toy Exports

Exports from Sri Lanka

In 2022, after three years of decline, there was growth in overseas shipments of dolls and toys, when their volume increased by X% to X tons. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, toy exports dropped remarkably to $X in 2022. In general, exports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

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

In value terms, Germany ($X), India ($X) and the United States ($X) were the largest markets for toy exported from Sri Lanka worldwide, together accounting for X% of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average toy export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Toy Imports

Imports into Sri Lanka

In 2022, purchases abroad of dolls and toys decreased by X% to X tons, falling for the second consecutive year after six years of growth. In general, imports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, toy imports shrank dramatically to $X in 2022. Overall, imports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of toy to Sri Lanka, accounting for a X% share of total imports. It was followed by Hong Kong SAR (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Indonesia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average toy import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :