Recently, the China Furniture Association released a brief report on the economic operation of the furniture industry for January and February 2026. In January and February, the furniture industry was accelerating its transformation from scale expansion to quality improvement under the continuous changes in the macro environment and market demand. The growth rate of furniture retail was significantly higher than the overall level of consumer goods retail, and exports increased by 25.0% year-on-year.

In order to further play the role of a bridge and link, better serve industry enterprises, and lead them to achieve high-quality development, the China Furniture Association regularly releases the "China Furniture Industry Economic Operation Briefing", providing authoritative data, reflecting the operating situation, and helping the industry to timely grasp market dynamics and achieve steady development.

2026 is the starting year of the 15th Five Year Plan. In January and February, Chinas economy started strongly and achieved a good start. Under the continuous changes in the macro environment and market demand, the furniture industry is accelerating its transformation from scale expansion to quality improvement. The domestic demand market has shown stable and positive performance, with furniture retail growth significantly higher than the overall level of consumer goods retail, and external demand exports higher than the same period in 2023 and 2024, laying a solid foundation for stabilizing the scale and optimizing the structure of foreign trade throughout the year; The number of enterprises, revenue, and profits in the industry have declined, and profitability and operational efficiency are facing temporary pressure. Overall, the industry is in a period of deep adjustment due to uneven internal and external demand and pressure on profitability, but the long-term positive fundamentals of the industry have not changed. Under the joint support of policy guidance, demand upgrading, and technological innovation, market vitality is expected to be further stimulated, and the prospects for high-quality development of the industry remain broad.

Production: In January and February 2026, there were 6953 large-scale enterprises in Chinas furniture industry (with an annual main business income of 20 million yuan or more), a decrease of 514 compared to December 2025, achieving a revenue of 84.48 billion yuan, a year-on-year decrease of 4.2%. The cumulative furniture production in January and February increased by 2.3% year-on-year; The cumulative production of wooden furniture increased by 4.9% year-on-year; The cumulative production of metal furniture decreased by 4.0% year-on-year; The cumulative production of soft furniture decreased by 10.2% year-on-year.

Benefit: In January and February 2026, Chinese furniture industry enterprises above designated size achieved a total profit of 1.98 billion yuan, a year-on-year decrease of 40.0%; The operating income profit margin is 2.3%.

Domestic sales: In January and February 2026, the cumulative retail sales of furniture products from units above designated size reached 27.55 billion yuan, a year-on-year increase of 8.8%, which is 6 percentage points higher than the growth rate of cumulative retail sales of consumer goods.

Export: In January 2026, Chinas furniture industry exported 7.61 billion US dollars, a year-on-year increase of 5.4%; In February, exports reached 5.59 billion US dollars, a year-on-year increase of 67.5%. In January and February, Chinas furniture industry exported a total of 13.2 billion US dollars, a year-on-year increase of 25.0%.

Imports: In January 2026, Chinas furniture industry imported 130 million US dollars, a year-on-year increase of 13.2%; In February, imports amounted to 90 million US dollars, a year-on-year decrease of 27.0%, and a 40.2 percentage point decrease in growth rate compared to January. In January and February, Chinas furniture industry imported a total of 220 million US dollars, a year-on-year decrease of 8.1%.

Investment: From January to February 2026, the accumulated fixed assets investment in Chinas furniture industry decreased by 6.3% year on year. The cumulative investment income from January to February was 310 million yuan, a year-on-year increase of 244.4%.