by Milly Sales ▏[email protected] ▏12 Aug 2022
As a major manufacturing country in the world, China’s toy manufacturing industry also occupies a very heavy weight in the world. Cheap and obedient labor laid a good foundation for the development of China’s toy manufacturing industry and provided a good advantage for China’s toy foreign trade. The top ten toy industry export trading countries are: the United States, the United Kingdom, Hong Kong, the Philippines, Singapore, Japan, Germany, South Korea, the Netherlands, Australia.
Among them: exports to the United States accounted for 31.76%; Exports to the UK accounted for 5.77%; 5.22% of its exports to Hong Kong; 4.96% of exports to the Philippines; 4.06% of exports to Singapore; Exports to Japan accounted for 3.65%; Exports to Germany accounted for 3.41%; Exports to South Korea accounted for 3.33 percent; Exports to the Netherlands accounted for 3.07 percent; Exports to Australia accounted for 2.41%.
More THAN 85% of the existing toy manufacturers are export enterprises, and their products are mainly exported. The export value of toys accounts for more than 50% of China’s toy output. After the financial crisis, the proportion of domestic sales of toys has increased, but export sales still occupy an important position. As a result, toy exports generally reflect the development of the entire industry.
As the largest toy production and export base in China, Guangdong’s toy exports to the European Union and the North American Free Trade Area decreased by 5.4% and 0.64%, respectively. However, exports to ASEAN and the Middle East grew by 9.09% and 10.8%, respectively. Among them, the growth of 16 countries in West Asia and North Africa reached 10.7%, and the development of the world toy consumer market is becoming more diversified.
Educational, which is what most toys claim to do. As parents pay more attention to the educational function of toys, there are more and more educational toys on the market. With the continuous improvement of people’s living standards in China, parents are paying more and more attention to the physical and mental development of children. Parents can start preschool education earlier by choosing educational toys. With the growth of age, educational toy education is becoming more and more important. On average, there are 4-6 educational toys in 10-20 toys for every child. The market potential of children’s educational toys is great.
Post time: Sep-20-2022
