The domestic shipment value of digital home appliances such as TVs and car navigation systems last year fell by more than 4% from the previous year.
According to industry groups, consumer sentiment has cooled due to the impact of high prices, and TV sales were sluggish during the year-end shopping season.
According to the Japan Electronics and Information Technology Industries Association (JEITA), which is made up of electronics manufacturers, the domestic shipment value of digital home appliances last year was 1,249.2 billion yen, down 4.8% from the previous year.
It is the third year in a row that shipments have fallen below the previous year.
Consumer sentiment has cooled due to the impact of high prices, sales of TVs and headphones were sluggish during the year-end sales season, and product production was affected by restrictions on going out in Shanghai, China, as a countermeasure against the spread of the new coronavirus. I think that is the main factor.
By product, sales of
"visual equipment" such as TVs decreased by 8.3% to 584 billion yen, while sales of
"automotive-related equipment" such as car navigation systems decreased by 1.9% to 592.5 billion yen, while sales of
"audio-related equipment" such as speakers decreased by 1.9%.
It increased by 0.6% to 72.7 billion yen.
JEITA said, "The year-end shopping season was tough due to high prices. Spending on home appliances will continue to be tough for the time being."