Hong Kong SAR, China: Toy Market 2024

Toy Market Size in Hong Kong SAR, China

The Hong Kong toy market surged to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a resilient expansion. Toy consumption peaked in 2022 and is expected to retain growth in the near future.

Toy Production in Hong Kong SAR, China

In value terms, toy production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Toy production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Toy Exports

Exports from Hong Kong SAR, China

Toy exports from Hong Kong SAR fell notably to X tons in 2022, dropping by X% against the year before. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, toy exports contracted sharply to $X in 2022. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main destinations of toy exports from Hong Kong SAR, together comprising X% of total exports. Taiwan (Chinese), the UK, Germany, the Philippines, the Netherlands, Russia, Australia, Thailand, France and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest markets for toy exported from Hong Kong SAR worldwide, together comprising X% of total exports. Taiwan (Chinese), Germany, the UK, the Netherlands, France, Australia, Thailand, the Philippines, Canada and Russia lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), 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 mixed trend patterns.

Export Prices by Country

The average toy export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price 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, toy export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Russia ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Toy Imports

Imports into Hong Kong SAR, China

Toy imports into Hong Kong SAR fell notably to X tons in 2022, waning by X% against the previous year's figure. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, toy imports fell rapidly to $X in 2022. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of toy to Hong Kong SAR, accounting for a X% share of total imports. Moreover, toy imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

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: Japan (X% per year) and Vietnam (X% per year).

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

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: Japan (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average toy import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price 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, toy import price increased by X% against 2012 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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