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According to the "Economic Operation Briefing of China's Furniture Industry from January to May 2026" recently released by the China Furniture Association, the overall operation of China's furniture industry was under pressure from January to May, with obvious structural differentiation characteristics. There are a total of 6953 large-scale enterprises in the national furniture industry, and their profit margins have further narrowed. Furniture enterprises above a certain scale have achieved a cumulative operating revenue of 212.58 billion yuan, a year-on-year decrease of 10.9%, which is 0.2 percentage points larger than the decline from January to April. The weak recovery of the domestic demand market has become the core factor for the industry's weak revenue.

 

From January to May, furniture enterprises above designated size achieved a total profit of 3.26 billion yuan, a year-on-year decrease of 58.4%, and the decline further expanded by 4 percentage points compared to January to April. The industry's profit shortfall continues to be highlighted.

 

In sharp contrast to the pressure situation in the domestic market, furniture foreign trade exports have shown strong resilience, achieving continuous growth for five months and becoming an important pillar for stabilizing the industry market. Data shows that from January to May, the cumulative export value of China's furniture industry reached 29.54 billion US dollars, a year-on-year increase of 1.9%. Against the backdrop of complex and changing foreign trade environment and intensified competition in overseas markets, it has maintained a steady growth trend, demonstrating the global competitiveness and market recognition of Chinese furniture products.

 

Industry insiders pointed out that looking at the overall pattern of the industry, the furniture industry showed obvious structural differentiation characteristics in the first five months of this year. The domestic terminal market is affected by multiple factors such as the adjustment of the real estate market, post consumption of home furnishings, and weak market demand. The shortage of terminal orders and the slowdown in terminal sales have directly led to a decline in both revenue and profit for enterprises, and the operating pressure on small and medium-sized furniture enterprises is particularly prominent. At the same time, the demand in overseas markets is steadily recovering, coupled with the advantages of China's furniture industry supply chain improvement, outstanding cost-effectiveness, and product iteration and upgrading. The export market continues to expand, effectively offsetting some downward pressure on domestic demand.

 

The relevant person in charge of the China Furniture Association stated that the furniture industry is currently in a difficult period of transformation and upgrading, and the fundamental development of short-term pressure and long-term improvement has not changed. With the continuous implementation of domestic policies to promote consumption, the gradual implementation of home renovation policies, and the sustained release of demand for renovating existing houses, the potential of the domestic home consumption market is expected to continue to be activated.

 

 

 

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