Shipment of household appliances in February increased year on year for five consecutive months due to "nest egg" demand

Shipments of household white goods such as refrigerators and air purifiers in Japan last month totaled just over 190 billion yen, up 16% from the same month last year and the fifth consecutive month of growth. The main reason for the increase was the rise in so-called nest egg demand due to the declaration of a state of emergency for the new coronavirus.

According to the Japan Electrical Manufacturers' Association (JEMA), last month's domestic shipments of white goods totaled over 191.5 billion yen, 16.4% higher than the same month last year.

This is the fifth month in a row since October last year that the value of shipments has exceeded that of the same month last year.

By product, the largest shipments were of Refrigerators and washing machines, which have the largest shipment value, increased by 18.2% each air conditioners, which have the largest shipment value, increased by 18.2% and 12.5% respectively, In addition, Hot plates increased by 66%, and 62.3% for humidifiers and Vacuum cleaners increased by 66%, humidifiers by 62.3%, and vacuum cleaners by 30.5%, respectively. The shipment of air purifiers doubled from the same month last year.

The main reasons for the increase are the demand for nesting among people who spend time at home and the growing awareness of the need to keep the inside of the house clean due to the continued declaration of a state of emergency for the new coronavirus.

Regarding the outlook for the future, the Japan Electrical Manufacturers' Association (JEMA) says, "Although the declaration of the state of emergency has been lifted, it does not mean that life will immediately return to the pre-Corona state, and I suspect that demand will continue to rise to a certain degree.

Translated with www.DeepL.com/Translator (free version)

Source: https://www3.nhk.or.jp/news/html/20210322/k10012928491000.html?utm_int=news-business_contents_list-items_002