The market is dominated by domestic suppliers, as imports account for 35.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 86.0% of total demand in 2022. Japan has the third largest market size for furniture regionally, with demand reaching USD28.3 billion in 2022. Nitori Holdings Co Ltd is the largest company in Japan, generating 38.6% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 87.2% of total production value in 2022. The total number of companies increases in 2022, to 28,015 units. The costs of the industry decrease by 16.6% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 7.6% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 3.4% of total production output. With production value of USD11.9 billion, Japan accounts for 3.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Furniture in Japan: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in Japan: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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