Report Update Nov 1, 2024

Sri Lanka - Dolls and Toys - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Toy Market 2024

Toy Market Size in Sri Lanka

The Sri Lankan toy market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption showed resilient growth. Toy consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Toy Production in Sri Lanka

In value terms, toy production rose remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Toy Exports

Exports from Sri Lanka

In 2021, overseas shipments of dolls and toys increased by 42% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 72%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, toy exports surged to $X in 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 126%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), India (X tons) and the UK (X tons) were the main destinations of toy exports from Sri Lanka, with a combined 78% share of total exports. The United States, France, Australia, Denmark, Oman and the United Arab Emirates lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +68.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for dolls and toys exports from Sri Lanka, comprising 52% of total exports. The second position in the ranking was taken by India ($X), with a 10% share of total exports. It was followed by the UK, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+8.3% per year) and the UK (-2.9% per year).

Export Prices by Country

In 2021, the average toy export price amounted to $X per ton, picking up by 29% against the previous year. In general, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 83%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Toy Imports

Imports into Sri Lanka

In 2021, the amount of dolls and toys imported into Sri Lanka skyrocketed to X tons, rising by 223% compared with the previous year's figure. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, toy imports surged to $X in 2021. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of toy to Sri Lanka, with a 97% share of total imports. It was followed by Indonesia (X tons), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +39.3%.

In value terms, China ($X) constituted the largest supplier of dolls and toys to Sri Lanka, comprising 96% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +50.1%.

Import Prices by Country

In 2021, the average toy import price amounted to $X per ton, shrinking by -41.3% against the previous year. Overall, the import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2014 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then fell notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+16.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dolls and toys in the world?

The United States constituted the country with the largest volume of toy consumption, comprising approx. 23% of total volume. Moreover, toy consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fourfold. India ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of dolls and toys in the world?

China remains the largest toy producing country worldwide, comprising approx. 47% of total volume. Moreover, toy production in China exceeded the figures recorded by the second-largest producer, India, eightfold. Brazil ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of dolls and toys to Sri Lanka?

In value terms, China constituted the largest supplier of toy to Sri Lanka, comprising 90% of total imports. The second position in the ranking was occupied by the Netherlands, with a 1.5% share of total imports.

What are the leading importers of dolls and toys from Sri Lanka?

In value terms, Germany remains the key foreign market for toy exports from Sri Lanka, comprising 31% of total exports. The second position in the ranking was occupied by Austria, with a 12% share of total exports. It was followed by the United States, with an 11% share.

What is the average export price for dolls and toys in Sri Lanka?

The average toy export price stood at $21,900 per ton in 2021, growing by 34% against the previous year.

What is the average import price for dolls and toys in Sri Lanka?

In 2021, the average toy import price amounted to $5,353 per ton, shrinking by -23.8% against the previous year.

This report provides an in-depth analysis of the toy market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32401100 - Dolls representing only human beings
Prodcom 32401200 - Toys representing animals or non-human creatures
Prodcom 32401300 - Parts and accessories for dolls representing only human beings
Prodcom 32402000 - Toy trains and their accessories, other reduced-size models or construction sets and constructional toys
Prodcom 32403100 - Wheeled toys designed to be ridden by children (excluding bicycles), dolls
Prodcom 32403200 - Puzzles
Prodcom 32403900 -
Prodcom 32403920 - Toy musical instruments and apparatus, toys put up in sets or outfits (excluding electric trains, scale model assembly kits, c onstruction sets and constructional toys, and puzzles), toys and models incorporating a motor, toy weapons
Prodcom 32403940 - Other toys of plastics
Prodcom 32403960 - Toy die-cast miniature models of metal
Prodcom 32403990 - Other toys n.e.c.

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023