In order to further play the role of a bridge and link, better serve industry enterprises, and lead the realization of high-quality development, the China Furniture Association recently released the "Economic Operation Briefing of China's Furniture Industry from January to May 2026", which uses authoritative data to reflect the operating situation, help the industry timely grasp market dynamics, and achieve steady development.

From January to May 2026, the overall operation of China's furniture industry will be under pressure, with obvious structural differentiation characteristics. On the production side, the operating income of enterprises above designated size has decreased year-on-year, and the total profit has significantly declined, with the decline continuing to widen. The operating income profit margin has narrowed, and the industry's profit margin has been further squeezed. On the demand side, domestic demand has continued to decline against the backdrop of high growth rates in the early stage, and the decline in cumulative retail sales of furniture products per unit has widened, lower than the growth rate of cumulative retail sales of consumer goods; External demand has shown resilience, with cumulative exports maintaining positive growth for five consecutive months, becoming an important force supporting the operation of the industry. On the investment side, the decline of fixed assets investment has expanded. Although the investment income remains positive, the growth rate has fallen back. Overall, the furniture industry is currently in a period of deep adjustment with limited domestic demand and profit margins, coupled with stable exports and uncertainty. The industry's transformation and upgrading, as well as market structure adjustment, will continue.

Production. From January to May 2026, there were 6953 large-scale enterprises in China's furniture industry (with an annual main business income of 20 million yuan or more), an increase of 3 compared to April 2026, achieving a revenue of 212.58 billion yuan, a year-on-year decrease of 10.9%, and an expansion of 0.2 percentage points compared to the decline from January to April.

Benefit. From January to May 2026, China's furniture industry's enterprises above designated size achieved a total profit of 3.26 billion yuan, a year-on-year decrease of 58.4%, and a further increase of 4.0 percentage points compared to January to April; The operating income profit margin was 1.5%, a decrease of 0.1 percentage points from January to April.

Cost. From January to May 2026, the cumulative operating costs of furniture manufacturing enterprises above designated size in China reached 177.13 billion yuan, a year-on-year decrease of 10.5%, which is the same as the decline from January to April.

For the domestic market. From January to May 2026, the cumulative retail sales of furniture products in units above the limit reached 69.61 billion yuan, a year-on-year decrease of 3.0%, an increase of 1.6 percentage points from January to April, 2.5 percentage points lower than the growth rate of cumulative retail sales of consumer goods in units above the limit, and 4.4 percentage points lower than the growth rate of cumulative retail sales of social consumer goods.

Export From January to May 2026, China's furniture industry accumulated exports of 29.54 billion US dollars, a year-on-year increase of 1.9%, maintaining positive growth for five consecutive months; Among them, exports in May amounted to 6.13 billion US dollars, a year-on-year increase of 2.5%, an increase of 5.3 percentage points compared to April.

Import From January to May 2026, China's furniture industry imported a total of 560 million US dollars, a year-on-year decrease of 5.3%, which is 2.3 percentage points larger than the decline from January to April; Among them, imports in May amounted to 110 million US dollars, a year-on-year decrease of 13.5%.

Investment. From January to May 2026, the accumulated fixed assets investment in China's furniture industry will decline by 11.6% year on year, 4.4 percentage points more than that from January to April. The cumulative investment income from January to May was 640 million yuan, a year-on-year increase of 30.6%, achieving positive growth for four consecutive months.