New Delhi: Indian toy exporters want to tap in the “golden opportunity” created by the US, which impose high tariffs on Chinese goods, as more American buyers discover alternative suppliers to reduce their dependence on China.
“The US is a big market for toys and if India is subject to high tariffs and India is on low tariffs,” told PTI, President of Toy Association of India, Ajay Aggarwal told PTI.
Currently, about 20 firms are engaged in large -scale toy exports in the American market mentioned by them. “We have been interrogating the US-based toy buyers in the last month. Some Indian export houses have also contacted us in search of a list of manufacturers who can make toy products according to American rules and regulations,” Aggarwal continued.
“They are looking for white labeling and original equipment manufacturers who are able to meet the American toy market compliance requirements,” he said.
GMI research suggests that in 2024 the US Toy Market reached $ 42.8 billion, with estimates that an increase of $ 56.9 billion in 2032, which showed a CAGR of 2025-2032 to 3.6 percent from 2025-2032, inspired by the increasing demand for educational and interactive toys.
The President of the Toy Association of India said, “Already about 20 companies in India are exporting to the US in bulk. If we get the benefit of tariff in terms of rates decreasing than other countries, we can increase the presence of Indian toys in the US market,” the Toy Association of India president said ..
The association planned to organize a seminar “very soon” with export-taiyar manufacturers, keeping it in mind as a golden opportunity for Indian toy makers, because America is the world’s largest toy market “.
Aggarwal further stated that with government support, the domestic toy industry can increase its exports, which currently represents less than 1 percent globally.
