Japan: Market for Residential, Commercial and Industrial Lighting Fixture 2025

Market Size for Residential, Commercial and Industrial Lighting Fixture in Japan

The Japanese market for residential, commercial and industrial lighting fixture expanded significantly to $X in 2021, picking up by 9.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.7% against 2018 indices. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Japan

In 2021, overseas shipments of residential, commercial and industrial lighting fixture were finally on the rise to reach X units after two years of decline. Over the period under review, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 75% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from Japan, with a 37% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was held by the Philippines (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at +90.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.2% per year) and the Philippines (+14.7% per year).

In value terms, Taiwan (Chinese) ($X), the United States ($X) and China ($X) constituted the largest markets for residential, commercial and industrial lighting fixture exported from Japan worldwide, with a combined 57% share of total exports. These countries were followed by the Philippines, Singapore, Hong Kong SAR, Saudi Arabia, Thailand, Bangladesh, Indonesia, the United Arab Emirates, Myanmar and Costa Rica, which together accounted for a further 19%.

Bangladesh, with a CAGR of +172.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, falling by -45.3% against the previous year. In general, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Costa Rica ($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 Myanmar (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Japan

Imports of residential, commercial and industrial lighting fixture into Japan expanded notably to X units in 2021, with an increase of 12% on 2020 figures. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 42% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture expanded markedly to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 62%. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of residential, commercial and industrial lighting fixture to Japan, with a 92% share of total imports. It was followed by South Korea (X units), with a 1.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.3%.

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Japan, comprising 83% of total imports. The second position in the ranking was held by South Korea ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.9%.

Import Prices by Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $X per unit, approximately equating the previous year. In general, the import price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%).

Source: IndexBox Platform

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