U.S. markets close in 5 hours 22 minutes
  • S&P 500

    -10.09 (-0.24%)
  • Dow 30

    -141.58 (-0.41%)
  • Nasdaq

    +4.69 (+0.03%)
  • Russell 2000

    +3.30 (+0.14%)
  • Crude Oil

    +0.76 (+1.07%)
  • Gold

    -11.40 (-0.61%)
  • Silver

    -0.09 (-0.31%)

    +0.0023 (+0.19%)
  • 10-Yr Bond

    +0.0270 (+1.85%)

    +0.0002 (+0.02%)

    +0.3130 (+0.29%)

    +5,013.55 (+13.98%)
  • CMC Crypto 200

    +46.46 (+4.80%)
  • FTSE 100

    +27.74 (+0.39%)
  • Nikkei 225

    +213.07 (+0.74%)

The NPD Group Reports on First Quarter 2021 Toy Industry e-commerce Sales in China

·3 min read

January sales posted the highest growth for the quarter thanks to toy purchases around the Chinese New Year holiday

PORT WASHINGTON, N.Y., June 7, 2021 /PRNewswire-PRWeb/ -- Toy industry e-commerce sales in China increased by 16% to $1.2 billion (USD) in the first quarter (Q1) of 2021 (January – March) versus the same time period last year, according to The NPD Group. January 2021 posted the highest growth rate (34%) for the quarter, with sales driven primarily by purchases made for the February 12 Chinese New Year celebration.

All toy supercategories posted growth in Q1, led by Infant/Toddler/Preschool Toys, the largest of all 11 supercategories, which increased 3%. Other top-performing supercategories included Building Sets, Outdoor & Sports Toys, Action Figures & Accessories, and Explorative & Other Toys. With sales reaching $192 million, Outdoor & Sports Toys posted the highest gains in terms of value sales, a 18% increase over Q1 2020.

Sales in China's toy market was dominated by Chinese manufacturers, with only four out of top 10 manufacturers being global.

"China is the world's second largest toy market and the world's largest toy production base," said Frédérique Tutt, Global Toys Industry Analyst at The NPD Group. "It's a country that is primed for savvy international brands seeking opportunities in new markets. Even if the rate of growth slowed in 2020 due to the global pandemic, China over-performed other countries in the region and is already bouncing back. With the latest relaxation of the two-child policy and an ever-increasing middle-class population, we expect the Chinese toy market's healthy growth to continue."

Sales of licensed toys increased 45%, while sales of non-licensed toys grew by 13%. The top-gaining toy licenses in Q1 were Ultraman, Lamborghini, Mercedes-Benz, Ferrari, and Disney Frozen.

Chinese New Year Highlights
According to NPD's 2021 Chinese New Year Gift Study, Toys & Games were the holiday's most requested gift categories for Chinese children. When making their holiday gift wish lists, 46% of children requested toys that featured their favorite cartoons, television programs, and movies. Social media had a significant impact on children's wish lists as well with 45% of children asking for toys they saw on short video platforms like TikTok and WeChat.

Chinese consumers spent an average of $91 on Chinese New Year gifts in 2021, a 39% increase when compared to Q1 2020. Online shoppers spent an average of $12 more than consumers who purchased toys at brick and mortar stores.

About The NPD Group
NPD offers data, industry expertise, and prescriptive analytics to help our clients grow their businesses in a changing world. Over 2,000 companies worldwide rely on us to help them measure, predict, and improve performance across all channels, including brick-and-mortar, e-commerce, and B2B. We have services in 19 countries worldwide, with operations spanning the Americas, Europe, and APAC. Practice areas include apparel, appliances, automotive, beauty, books, B2B technology, consumer technology, e-commerce, fashion accessories, food consumption, foodservice, footwear, home, home improvement, juvenile products, media entertainment, mobile, office supplies, retail, sports, toys, and video games. For more information, visit npd.com. Follow us on Twitter: @npdgroup.

Media Contact

David Riley, The NPD Group, 9175435465, david.riley@npd.com