Vietnam toys sourcing report highlights Vietnam toys suppliers incorporate studying in playing, exercise and decorative toys
The online report includes names and details of 76 export suppliers and images of educational and decorative toys. It also features industry information, new product features, price guides and export data. PDFs of each section are available online to download for free.
Report shows Vietnam educational and exercise plastic and wooden toys are on trend.
The findings of the report include:
- In 2014, the export value of Vietnam toys and sports requisites, parts and accessories thereof hit $650 million, up by 32.6 percent compared to 2013;
- Overseas sales hit $484.4 million in the first eight months of 2015;
- The main export market of Vietnam toys include the US, EU, Japan and Korea;
- The average growth rate of Vietnam export revenue during 2012-2014 was about 17.6 percent.
The upscale suppliers’ total output reached 50,000 pieces per month.
Vietnam suppliers accept low MOQ orders with high level of handmade elements.
“The prices of most Vietnam toys are stable due to steady material costs and low demand in international markets. Vietnam suppliers have to keep prices the same to stay competitive and attract more orders,” said Alex Boome, Hinrich Foundation’s Program Director.
Meanwhile, plastic toys have a tendency to decrease due to dwindling prices of pure plastic pigments brought by dropping price of crude oil.
“Due to short life cycle of tech toys, prices of some old models have a downward trend, decreasing by 5 to 10 percent,” said Ngan Nguyen from Toys Robotics Company.
Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodia and Indonesia
The Vietnam Sourcing Report: Toys is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online here.
Other related Sourcing Reports available online are:
- PHILIPPINES: Garments, Fashion accessories
- VIETNAM: Footwear, Fashion accessories
- INDIA: Footwear, Fashion accessories
- NEPAL: Footwear, Fashion accessories
- MYANMAR: Garments, Jade products
- CAMBODIA: Fashion accessories & garments
- INDONESIA: Fashion accessories
The next report in the Vietnam Sourcing series is Ceramics, available here.
Sourcing from Vietnam buyer’s guide
To help buyers new to Vietnam sourcing, the Foundation has prepared a guide that provides an overview of the industries and products available and main manufacturing centers.
To help buyers new to Vietnam sourcing, the Foundation has prepared a guide that
provides an overview of the industries and products available and main anufacturing
centers. Buyers will also learn how to find and vet reliable suppliers, available banking options, common methods of payment, shipping details and steps to avoid or settle trade disputes here.
About the Hinrich Foundation
The Hinrich Foundation believes sustainable global trade promotes peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas:
- Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. The Hinrich Foundation offers scholarships to students from Myanmar, Cambodia, Vietnam, Lao and China to study in Hong Kong, Thailand, The Philippines and the U.S. We give our scholars internships and on-the-job training in export related companies and organizations in 10 countries.
- Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance, the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
- International trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.