Japan has overtaken the United States in the world’s largest market for electric appliances, and the Japanese consumer has found that a Japanese electric appliance is cheaper to produce than an American one.
According to a new report by The Economist Intelligence Unit, Japan’s exports to the United Kingdom and Europe were $3.6 billion in 2015 and $3 billion in 2020.
The United States accounted for $2.6 and $1.5 billion, respectively.
The Japanese imported $1 billion and imported $2 billion.
The Economist Intelligence Union’s report, “Electrical Appliances in Japan: What’s Different?,” looks at the different markets in Japan.
It says the Japanese market is different from the U.S. because of the nation’s higher import costs and a lower price for imported goods, and also because of a different mindset about how electric appliances should be produced.
Japanese consumers are increasingly interested in products that look like their home, the report said.
They are also looking for ways to reduce the number of hours they spend at home, and to save money.
Electrical appliances are now seen as a cheap alternative to gas-powered appliances and to traditional appliances, which have become more and more popular in Japan, the Economist Intelligence Network said.
The U.K. has a much higher per-capita consumption of electric appliances than the U., but it’s still a far cry from Japan’s total of 2.3 electric appliances per 1,000 people, according to a 2015 study.