Japan: Latest trends in office, kitchen and bedroom furniture imports

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ITTO
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Japan's imports of bedroom furniture continued to fall in September and imports of kitchen and office furniture followed suit. The weakening of furniture imports reinforces the view that consumer sentiment is negative and that the economy is yet to recover from the consumption tax increase in April.

Office furniture imports (HS 9403.30)

Office furniture imports were 18% down in September compared to August levels and apart for the slight rise in August, imports have been falling since May this year.

The number one supplier of office furniture to Japan in September was China (54%) followed by Italy (12%) and Poland (6%). These three suppliers accounted for around 72% of all September office furniture imports.

China is the main supplier but saw its market share drop by around 11%. The other main suppliers, Italy and Poland also saw a decline in imports by Japan.

September 2014 office furniture imports (HS 9403.30)

  Imports
  September 2014
  Unit 1,000 Yen
S. Korea  270
China 127133
Taiwan P.o.C. 8802
Hong-Kong -
Vietnam -
Thailand -
Singapore -
Malaysia 5476
Philippines -
Indonesia 12494
Sweden -
Denmark 5263
UK 1037
Netherlands 303
Belgium -
France 6288
Germany 6231
Switzerland -
Portugal 11265
Italy 28215
Poland 15704
Lithuania 3610
Slovakia 3350
Czech Republic 1556
Slovakia 1703
Canada -
USA 626
Mexico -
Australia -
Total 235976

Source: Ministry of Finance, Japan

Kitchen furniture imports (HS 9403.40)

Overall, kitchen furniture imports by Japan fell by 3% in September but the main supplier, Vietnam, saw trade rise by around 6%. The other winner in September was Indonesia which saw exports to Japan rise by almost 25%.

Other SE Asian suppliers of kitchen furniture to Japan, such as Thailand and Malaysia, saw imports fall in September.

September 2014 kitchen furniture imports

 

Imports
September 2014

Unit 1,000 Yen

S. Korea -
China 159821
Taiwan P.o.C. -
Vietnam 529776
Thailand 21245
Malaysia 2358
Philippines 193512
Indonesia 123683
India -
Sweden -
Denmark -
UK 1123
France 1298
Germany 24595
Portugal -
Italy 9738
Poland -
Austria 2510
Romania 538
Turkey 922
Lithuania 268
Canada 2182
USA 3974
Total  1077723

Source: Ministry of Finance, Japan

Bedroom furniture imports (HS 9403.50)

Japan's September imports of bedroom furniture fell 6.6% compared to August with China seeing its share of bedroom furniture imports slide almost 13% .

The top three suppliers China, Vietnam and Thailand accounted for the bulk (88%) of the bedroom furniture imports but both China and Thailand saw their share of imports fall.

In contrast, Japan's September imports of bedroom furniture from Vietnam rose 12%. Suppliers in the EU and US account for just a small part of Japan's bedroom furniture import and the value of these countries monthly exports of bedroom furniture remains fairly consistent.

September 2014 bedroom furniture imports

  Imports
2014 September
  Unit 1,000 Yen
S. Korea -
China 819831
Taiwan P.o.C. 25756
Vietnam 472430
Thailand 75992
Singapore -
Malaysia 60312
Philippines 1952
Indonesia 31325
Kazakhstan -
Sweden -
Denmark 3863
Sweden 13086
UK 740
France -
Germany 209
Switzerland -
Spain 417
Italy 19360
Poland 19612
Austria 294
Romania 5711
Turkey -
Latvia -
Lithuania 1308
Bosnia and Herzegovina 307
Croatia 215
Slovakia 6243
USA 12148
Brazil -
Australia -
Total 1558024

Source: Ministry of Finance, Japan

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