Indian toys exporters aim to use a “golden opportunity” that emerges from the steep tariffs imposed by the United States on Chinese imports, and the growing consultations of US buyers who observe alternative markets to reduce their dependency goods.
Toy Association of India has identified some 40 companies with the potential to export to the US market while meeting compliance requirements.
Currently, about 20 companies export bulk toys to the US market, said President Ajay Aggarwal to PTI.
“We are receiving more consultations from the US -based toys buyers.
According to GMI’s investigation, the size of the United States toy market touched USD 42.8 billion in 2024 and it is estimated that the USD 56.9 billion in 2032 will reach, growing at an annual compound rate or 3.6 percent from 2025-2032, tears teys tears tender.
“The United States is a great market for toys and we will benefit if China is subject to high tariffs and India has a low rate.
“Already around 20 companions in India in the toy sector are exporting to the United States in bulk. If we get the benefit of the rate in terms that rates are lower than other countries, we can increase the presence of Indian toys in the saying.” The toys association. “The toys association.
The association is organizing a “very soon” seminar with the manufacturers that are ready to export to the US market, he said, adding that it is “a golden opportunity for Indian toys manufacturers, since the United States is the largest toy market in the world.”
Aggarwal said that with the government’s support, the national toy industry can increase their exports that currently have less than 1 percent worldwide.
