Month: November 2011

Indians have been doing great in the export import business for the last one year. India is witnessing its highest exports in recent times. Export-import course online will give you a clear view of which product you can do your business. India is again set to break its record in the toy market. The Indian toy market, which is currently estimated at $1 billion has the potential to double itself by 2025. The Indian toy industry to grow to $2-3 billion by 2025. Join the import-export course in Ahmedabad to learn more about topics related to the export import business. The domestic toy demand is forecasted to grow at 10-15% against the global average of 5%. The Indian toy industry is only 0.5% of the global industry size indicating a large potential growth opportunity.   The toy manufacturers in India are mostly in NCR, Maharashtra, Karnataka, Tamil Nadu, and clusters across central Indian states.

Indian Toy Market Growth-

• India has one of the largest young populations and India’s toy industry is witnessing a rapid growth.
• Another reason can be India has boycotted many of the Chinese products and China was the main export of toys to India. Because of boycotting people are not buying Chinese products thus Indian manufactures are growing.

• China being the world’s largest exporter of toys was giving competition to Indian manufactures. Due to recent disruptions in the supply chain, a vast untapped potential has been realised within our domestic market.

The increasing domestic demand for toys in India is also being catalysed by the country’s strong economic growth and rising disposable income. The nature and techniques of play are fast evolving. Today there are different and advanced toys available. The advanced technology and machinery has encouraged manufacturers to provide modern and innovative toys. The market is brimming with a wide array of both traditional and modern toys. The past few years have seen a lot of new developments and growth within the toy industry in India. At present, the electronic toys and games as well as the battery-operated toys are not yet being manufactured in India.  Digital & technology advancement in toys is leading to rising application of artificial intelligence, especially in STEM toys.

Toy industry has a critical role in bringing play to every child not only in India but all over the world. I mean who has not played with toys in childhood. Currently 15 percent of the toys demand is met indigenously, while 85 per cent is imported from different countries like China, Malaysia, US, and Netherlands. India gears up to leverage the potential through well-laid-out policy measures, the over dependency on imports can be reduced to 60 per cent.

Domestic Toy Industry key factors:

• Promoting quality toys and maintaining the affordability of those quality products are the two key pillars.
• Newer and more innovative products being introduced into the Indian market.
• The Indian toy market provides a vast opportunity to be tapped as most of the Indian population is below age 25.

The toy industry plays an important role in bringing the gap between day-to-day studies and practical hands-on learning.   Do give us a visit. 

India is one of the largest sugar producing countries. Import and export courses online can guide to make a correct move on international business. India is expecting a huge rise in the sugar export sector in the coming years. Sugar production in India is estimated to have reached 31 million tonnes in the 2020-21 season. Import export training in Ahmedabad can guide you in best sugar export.

India Sugar Export

India is the second biggest producer of sugar in the world. Sugar exports stood 5.9 million tonnes in the FY 2019-20. In October 2021 India exported 8,424 tonnes of raw or white sugar under TRQ (tariff-rate quota) to the US. India enjoys duty-free sugar exports to the US for up to 10,000 tonnes annually. India’s sugar export rose 20% to an all-time high of 7.1 million tonnes in the year 2020-21.

Top countries import sugar from India: 

• Indonesia- 1.69 million tonnes
• Afghanistan- 6,23,967 tonnes
• UAE- 4,60,816 Tonnes
• Sri Lanka- 3,78,280 Tonnes

India exported sugar to 60 countries, and around 60% of the total shipment were to Iran, Somalia, Malaysia, Sri Lanka, and Afghanistan. Last year Iran was the top export country for Indian sugar.  

Top 5 Sugar Exporting Countries:

• Brazil
• India
• Thailand
• Australia
• Guatemala

Scope of sugar Export-

• It is estimated that the sugar production will reach 31 million tonnes in the FY 2021-22.
• Sugar is estimated to touch 39.5 million tonnes.
• The domestic consumption is estimated at 26.5 million tonnes while exports are estimated at 6 million tonnes.

Major Sugar Importing Countries:

• Indonesia-  5.2 metric tonnes
• China – 4.9 metric tonnes
• United States- 2.86 metric tonnes
• Bangladesh- 2.45 metric tonnes
• Algeria- 2.4 metric tonnes
• Malaysia- 2.13 metric tonnes
• European Union- 2 metric tonnes
• South Korea- 1.9 metric tones
• Nigeria- 1.88 metric tonnes
• Saudi Arabia- 1.5 metric tonnes

The sugar exported is around 18.600 crore, contributing to the countries’ export earnings and increasing the liquidity particularly in this pandemic. According to AISTA (All India Sugar Trade Association) export contracts for 56 lakh tonnes of sugar have already been taken. Uttar Pradesh, Maharashtra, Tamil Nadu, Karnataka are the major sugar producing states of India. UP, the countries’ largest sugar producing state, has produced 105.62 lakh tonnes of sugar till April 2021.  Digital Exim provides import export training courses. Digital Exim classes are online so that you can attend classes sitting in any corner of the country. Digital Exim provides export import classes, 6 month consultancy, and life time help desk. We have trade managers with years of experience in international trading, who are here to solve your problems. Join Digital Exim and know when and where you can start your export import business. Do give us a visit!