Category: Housewares
Housewares market research reports by Euromonitor International
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South Korea Homewares
Homewares in South Korea In 2023, homewares in South Korea maintained a current value decline, although this was mainly due to normalisation after a peak in sales during the pandemic in 2020, and sales remained far above the pre-pandemic level. Dinnerware continued to see falling sales in South Kore ... Read More
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South Korea Home Furnishings
Home Furnishings in South Korea Home furnishings in Korea saw another year of current value decline in 2023, although this was slower than in the previous year. However, not all categories saw a declining trend; for instance, barbecues witnessed solid value growth in 2023. This was due to the liftin ... Read More
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India Homewares
Homewares in India Homewares in India maintained current value growth in 2023, although this was lower than seen in the previous two years, as sales had already recovered from the 2020 decline. Nevertheless, kitchenware continued to witness a surge in demand, particularly kitchen utensils, driven by ... Read More
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Japan Home Improvement
Home Improvement in Japan After a peak in sales in 2020 during the pandemic, home improvement in Japan turned to decline as sales normalised, with a slight fall in current value sales continuing in 2023; however, sales remained above the pre-pandemic level. Due to the shift towards a hybrid and remo ... Read More
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South Korea Home Improvement
Home Improvement in South Korea Home improvement in South Korea maintained dynamic current value growth in 2023, with a double-digit increase, maintaining the trend seen for the previous two years. Bathroom and sanitaryware maintained strong growth in home improvement in 2023, due to the increased f ... Read More
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India Home Improvement
Home Improvement in India Home improvement in India has been experiencing a surge in growth, and solid but slower current value growth continued in 2023, buoyed by several key factors. Reductions in raw materials costs contributed to increased affordability, making home renovation projects more acce ... Read More
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India Home Furnishings
Home Furnishings in India Home furnishings in India maintained solid, although slower, current value growth in 2023. One factor driving growth was the popularity of Light Emitting Diode (LED) lamps, with sales driven by increasing consumer awareness of the energy efficiency of such products compared ... Read More
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Japan Home Furnishings
Home Furnishings in Japan Home furnishings in Japan saw another year of minor current value decline in 2023. However, not all categories suffered a declining trend. For instance, there was a steady increase in the value growth rate of barbecues in Japan in 2023. This is primarily because many Japane ... Read More
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Japan Homeware
Homewares in Japan Homewares in Japan experienced current value growth in 2023, mainly due to increased home cooking due to remote and hybrid work patterns. In addition, with economic concerns, more individuals cooked at home to save money. The demand for functional and easy to clean homewares rose ... Read More
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Japan Home and Garden
Home and Garden in Japan Overall home and garden in Japan saw a slight decline in current value terms in 2023, due to an increase in inflation, which dissuaded some consumers from purchasing such products. However, some categories continued to grow, as consumer confidence in Japan increased due to h ... Read More
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Australia Homewares
Homewares in Australia In 2023, homewares in Australia witnessed a convergence of functionality and aesthetics, with consumers prioritising practicality alongside visual appeal. Space-saving solutions became a dominant theme, as evidenced by the surge in popularity of nesting bowls and versatile coo ... Read More
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Australia Home Furnishings
Home Furnishings in Australia Despite a marginal decline for home furnishings in Australia in 2023, value sales remained above pre-pandemic levels. The Australian housing landscape, particularly in urban areas, is witnessing a rise in compact apartments and houses. This trend, combined with increasi ... Read More
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Australia Home Improvement
Home Improvement in Australia In 2023, Ryobi (Techtronic Industries Australasia Pty Ltd) recorded more than 40% value growth in home improvement in Australia, driven by its leadership of power tools, where its range includes cordless drills and other corded power tools. Ryobi is a favourable consume ... Read More
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Sweden Home Improvement
Home Improvement in Sweden In 2023, the home improvement category in Sweden witnessed a notable decline, primarily attributed to the crash in the real estate market. With dwindling property demand and reduced construction activity amid an ailing economy, the housing sector struggled, directly impact ... Read More
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Sweden Home Furnishings
Home Furnishings in Sweden In 2023, the global surge in demand for LED lamps was propelled by multiple factors, creating a cohesive narrative of growth and opportunity. Initially, the momentum stemmed from the renowned energy efficiency of these products, a trait highly coveted for their cost-cuttin ... Read More
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Sweden Homewares
Homewares in Sweden In 2023, the homewares category in Sweden faced significant challenges as consumers delayed purchases due to the rising cost of living, driven by inflation, higher interest rates, and increased energy and food prices. Consequently, the category struggled as consumers prioritised ... Read More
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Singapore Homewares
Homewares in Singapore Homewares in Singapore maintained slow and stable current value growth in 2023. The sustained growth in this year can be attributed to Singaporeans’ purchasing behaviour, demonstrating a nuanced relationship with food and cooking. Despite not cooking frequently at home, they e ... Read More
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Mexico Home Furnishings
Home Furnishings in Mexico Mexico’s home furnishings market witnessed marginal current value growth in 2023, fuelled by high inflation as well as resilient consumer demand in the category. In spite of significant inflationary pressures, the economic growth witnessed by the country, coupled with reco ... Read More
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Indonesia Home Improvement
Home Improvement in Indonesia Stronger levels of construction activity helped to support sales in home improvement in Indonesia in 2023. The rebound in construction is in line with the development of Indonesia’s economy, alongside political stability, which have supported various industries. In turn ... Read More
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Singapore Home Improvement
Home Improvement in Singapore In 2023, home improvement in Singapore maintained solid but slowing current value growth. While most categories saw a deceleration in growth in this year, wooden flooring managed to see fairly stable growth in Singapore, owing to its enduring popularity and the valued b ... Read More
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Thailand Homewares
Homewares in Thailand The homewares market in Thailand continued to see positive growth in current value terms in 2023, with cookware and kitchen utensils leading the way. Traditional Thai cookware such as bamboo cookware, saw a particular increase in demand, indicating a rising fascination with aut ... Read More
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Thailand Home Furnishings
Home Furnishings in Thailand Home furnishings in Thailand experienced a positive performance in current value terms in 2023, continuing the trend of the previous year. Growth was driven to a large extent by indoor furniture, which accounts for the bulk of retail value sales. Towards the end of the r ... Read More
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Indonesia Home Furnishings
Home Furnishings in Indonesia Sales in home furnishings in Indonesia in 2023 were supported by the overall cultural emphasis on communal gatherings and outdoor living – particularly during festive seasons. Indeed, the textiles industry in the country is closely intertwined with Indonesian culture an ... Read More
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Indonesia Homewares
Homewares in Indonesia Sales in homewares in Indonesia in 2023 continued to be supported by the ongoing trend for home-cooking in the country, with kitchen being the best performing category. The home-cooking trends were particularly strong during the era of the pandemic lockdowns and restrictions, ... Read More
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Singapore Home Furnishings
Home Furnishings in Singapore Home furnishings in Singapore maintained solid current value growth in 2023. The burgeoning trend of shrinking house sizes, particularly in urban areas, was a pivotal factor propelling growth in bedroom furniture in 2023. As living spaces became more compact, residents ... Read More
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