Value Of Home Electrical Appliance Sales In Japan During 2020 Reached Yen 2.54 Trillion ($24.45 Billion), Up Only 1% Year But Still Highest.

The value of home electrical appliance sales in japan during 2020 reached yen 2.54 trillion ($24.45 billion), up only 1% on year but still the highest since 1996, according to the latest data released by the Japan Electrical Manufacturers’ Association on January 25. JEMA attributed the rise to more people spending more time at home to stay safe from the COVID virus last year.

The on-year rise was small, JEMA noted, explaining that sales in 2019 were comparatively high as consumers rushed to buy new appliances before the national consumption tax was increased effective October 1 2019. A flat-steel sales official observed that as of last December, overall steel sales to domestic home appliance makers were still below on year.

This news was originally published at My Steel.