Japan: Domestic Appliances Market 2024

Domestic Appliances Market Size in Japan

The Japanese domestic appliances market expanded markedly to $X in 2021, picking up by 6.2% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Domestic appliances consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Domestic Appliances Production in Japan

In value terms, domestic appliances production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 16%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Domestic Appliances Exports

Exports from Japan

In 2021, shipments abroad of domestic appliances was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, domestic appliances exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.6% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of domestic appliances exports from Japan, together accounting for 45% of total exports. These countries were followed by Vietnam, South Korea, the Netherlands, Hong Kong SAR, the United Arab Emirates, Thailand, Cambodia, Singapore, Australia and Indonesia, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +69.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for domestic appliances exports from Japan, comprising 30% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports. It was followed by Taiwan (Chinese), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+8.2% per year) and Taiwan (Chinese) (+5.3% per year).

Export Prices by Country

In 2021, the average domestic appliances export price amounted to $X per unit, with an increase of 1.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2017 an increase of 22% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Appliances Imports

Imports into Japan

In 2021, imports of domestic appliances into Japan expanded notably to X units, growing by 7.1% on the year before. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, domestic appliances imports expanded significantly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of domestic appliances to Japan, accounting for a 76% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. Vietnam (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.7% per year) and Vietnam (+2.4% per year).

In value terms, China ($X) constituted the largest supplier of domestic appliances to Japan, comprising 71% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports. It was followed by Malaysia, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.1% per year) and Malaysia (+0.5% per year).

Import Prices by Country

The average domestic appliances import price stood at $X per unit in 2021, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 5%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :