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Precious Metal Jewelry Market
Japan is the third largest jewelry market in the world after the United States and China. Jewelry retail sales in Japan in 2012 totaled US$10.16 billion1. Imported jewelry accounted for 28.8 percent of the market1in 2012. The United States is the largest supplier of precious metal jewelry2products, with a 27.8 percent share of imports3, and has also been the top supplier of silver and platinum jewelry in recent years. Japan continues to be a highly competitive, but attractive, market for unique and fashionable jewelry products with a good brand image.
The Japanese economy returned to positive growth in 2012, with GDP up by 2%. Consumers continued to be price conscious when buying luxury goods. However, the recovery was supported by an increase in the consumption of goods across many industries after the decline caused by the Great East Japan Earthquake which disrupted the economy in 2011.
Pet Products Industry
Japan is the world’s second largest market for pet products after the United States. The market was estimated to be about US$1.9 billion in Japanese Fiscal Year (JFY) 2010. The market is expected to continue growing as Japanese pet owners spend more on their pets. Major industry trends are increasing numbers of indoor pets, growing popularity of small dogs and an increasing number of elderly dogs and cats. The market is highly competitive due to low priced imports from other Asian countries. Opportunities exist for high-quality, high-end, unique U.S. pet products that address the trends noted above.
While the global economic contraction has impacted the Japanese consumer goods market in the last two years there are still good market opportunities U.S. manufacturers should be aware of, especially in kitchenware and cooking-related goods. Japanese consumers’ increasing consciousness of both health and cost savings has led to the growing popularity of “uchishoku” or home-cooked meals. Consumers are looking for unique and convenient housewares and high-quality imports with distinguished designs and colors are much sought-after. This report will provide an overview of the Japanese housewares market focusing on kitchen/tableware and cooking-related items and examines the potential for U.S. products.
Fitness Equipment Market
Japan’s fitness equipment market has been driven by increasing health consciousness among middle aged Japanese and the wellness trend among women who are increasingly taking up exercise. A primary driver of this has been the rising number of Japanese classified with “metabolic syndrome.” In 2007, this number reached 20 million, accounting for 34.9% of those between ages 40 and 74. Fitness clubs are providing new fitness exercising programs to help meet the demand from this growing demographic.