Southern Asia: Toy Market 2024

Toy Market Size in Southern Asia

The South Asian toy market declined modestly to $X in 2023, approximately mirroring the previous year. The total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Toy Production in Southern Asia

In value terms, toy production dropped modestly to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Toy Exports

Exports in Southern Asia

In 2023, shipments abroad of dolls and toys decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped notably in the following year.

In value terms, toy exports fell dramatically to $X in 2023. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

India was the largest exporter of dolls and toys in Southern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2023. Bangladesh (X tons) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%).

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Bangladesh (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest toy supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Toy Imports

Imports in Southern Asia

In 2023, overseas purchases of dolls and toys decreased by X% to X tons, falling for the fifth year in a row after four years of growth. In general, imports recorded a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, toy imports reduced remarkably to $X in 2023. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Bangladesh (X tons) and India (X tons) prevails in imports structure, together creating X% of total imports. It was distantly followed by Pakistan (X tons), achieving a X% share of total imports. Nepal (X tons), Sri Lanka (X tons), Afghanistan (X tons) and Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform