According to the newest published report, nearly half of Hong Kong toy companies will increase the domestic market to remit the serious external economic environment. At the same time, in order to increase the competitiveness, Hong Kong toy industry pay more attention on the design elements.
Federation of Hong Kong Industries and HKTC have carried out this survey, in which more than 149 Hong Kong toy manufacturers were participated. Finally, the survey showed that the cost of raw materials was increased by 27.5% in this year and the cost of labor was increased by 30.2%, however, to the contrary, the export volume was decreased by 30.9%. 62.4% of the participated toys manufacturers indicated that turnover in this year was worse than last year. What’s worse, it was estimated that the economic environment in the next year would be more serious.
Ding Wei Zhang, the chairman of Hong Kong Toys Council, said the toy industry is a cultural industry and Hong Kong toys companies are more familiar with Chinese culture than oversea toys companies so that they had advantages in developing the Mainland toys market.








