The toys and games market witnessed current value growth in Malaysia in 2023. Construction and action figures were the two largest categories in traditional toys and games, with action figures proving to be a key growth driver during the year.
According to the Department of Statistics Malaysia, the country’s overall inflation rate, measured through the Consumer Price Index (CPI), remained at 1.5% in November and December 2023, resulting in the annual inflation rate in Malaysia being 2.
Hasbro continues to lead in traditional toys and games supported by a strong presence in action figures, dolls and accessories, outdoor sports, games and puzzles, and arts and crafts. Mattel is in second place with a presence in dolls and accessories, model vehicles, baby and infant, pre-school, and construction.
Physical stores remain a significant channel for local consumers and the dominant location for purchasing traditional toys and games. Purchasing products in physical stores involves no extra delivery charges and no minimum spend for free delivery.
The Malaysian Ministry of Finance (MoF) has predicted an inflation rate of up to 3.6% in 2024 as the government undergoes belt-tightening with a gradual shift to targeted subsidies.
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Understand the latest market trends and future growth opportunities for the Toys and Games industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Toys and Games industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Toys and Games
This is the aggregation of traditional toys and games and video games.
See All of Our DefinitionsThis report originates from Passport, our Toys and Games research and analysis database.
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