Key Facts
• Rising inflation has increased demand for secondhand goods and on-site purchase services.
• On August 4, a Tokyo woman sold furniture for $113, citing space constraints after moving.
• Japan’s reuse market has grown for 14 consecutive years, reaching $22 billion in 2023.
• Projections estimate the market will hit $27 billion within five years.
• Eco Partners expanded its stores 15-fold in two years, with requests increasing 10 times.
• On-site services allow immediate cash payments and furniture collection, appealing during heatwaves.
• A Tokyo clinic sold furniture and art for $11,400 during renovations.
• Staff expressed surprise at high valuations, such as $135 per chair.
• Eco Partners’ chairman noted inflation drives customers to convert items into cash.
• Consumer Affairs Agency warns of rising issues with unsolicited “doorstep purchase” offers.
Summary
Japan’s reuse market is thriving amid inflation, with on-site purchase services seeing rapid growth. Eco Partners has significantly expanded operations, driven by customer demand for convenient cash conversion. The market, valued at $22 billion in 2023, is projected to reach $27 billion by 2028. Customers, including individuals and businesses, benefit from immediate cash payments and hassle-free furniture collection, especially during extreme heat. However, authorities caution against unsolicited doorstep purchase offers, highlighting potential risks.
