Toys Companies in Colombia
The toy industry in Colombia has experienced an unexpected evolution for the last three decades.
Toy companies in Colombia have recognized the rapid transformation this industry continues to experience as demand continues to grow.
At the same time, the growing economy of the country has allowed for an increase in toy consumption of all kinds, both handmade and more sophisticated toys.
Most of the local toy companies in Colombia are located in the capital of the country, Bogota, and Antioquia, also known as the coffee region and located at the midwest of the country.
Currently, the value of sale of toys in the country amounted to approximately 786 million U.S. dollars. This number is expected to continue increasing. Some of the Colombian toys available in the current market are: dolls, crayons, paint, sports toys including balls, chin guards, gloves, stuffed animals to name some.
Many Colombian toy companies rely on joint ventures to increase their participation in the global market. This has also allowed for these toy companies to get the latest trends on the most sophisticated toys to meet the current demands.
Free trade agreements within Latin America and with the European Union have allowed wholesale toy distributors to attract more clients and increase their sales. At the same time, there are small enterprises that offer high quality toys that are meticulously hand made.
This industry continues to offer great opportunities for investors interested as local and global demand continues to grow and as more platforms of toy sales continue to be available including online toy shops especially given the recent pandemic that has closed millions of stores.