Japan: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Japan

In 2021, after two years of decline, there was significant growth in the Japanese bedding and furnishing article market, when its value increased by 9.6% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Bedding and furnishing article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Japan

In 2021, shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -8.5% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 44% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bedding and furnishing article exports rose notably to $X in 2021. Overall, exports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2015 when exports increased by 90%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of bedding and furnishing article exports from Japan, with a combined 79% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for bedding and furnishing article exports from Japan, comprising 44% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total exports. It was followed by Hong Kong SAR, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+1.4% per year) and Hong Kong SAR (-4.3% per year).

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, growing by 16% against the previous year. Overall, the export price enjoyed modest growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 60% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Japan

In 2021, approx. X tons of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were imported into Japan; increasing by 2.5% compared with the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, bedding and furnishing article imports rose markedly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bedding and furnishing article to Japan, accounting for a 90% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Japan, comprising 89% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 6.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2021, growing by 7.6% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.3%).

Source: IndexBox Platform