中家协发布2025年1-5月中国家具行业经济运行简报

Core Viewpoint - The Chinese furniture industry is experiencing a differentiated pattern of recovery in domestic demand while facing pressure in external demand, with significant growth in domestic retail sales and ongoing challenges in exports [1][2][3] Domestic Sales - In the first five months of 2025, the domestic retail sales of furniture reached 75.74 billion yuan, a year-on-year increase of 21.4%, surpassing the growth rate of total retail sales of social consumer goods by 16.4 percentage points [1][2] - The growth in domestic sales is driven by the optimization of real estate policies and the implementation of a consumption upgrade policy, leading to a diversification and quality enhancement of furniture products [1] Export Performance - In May 2025, the furniture industry exported 5.98 billion USD, a year-on-year decrease of 9.2%, with the decline rate increasing by 2.2 percentage points compared to April [3] - Cumulatively, from January to May 2025, the total export value was 28.98 billion USD, down 8.2% year-on-year, with the decline rate widening by 0.3 percentage points compared to the previous four months [3] Revenue and Profitability - The revenue of large-scale furniture enterprises (with annual main business income above 20 million yuan) totaled 248.87 billion yuan from January to May 2025, a year-on-year decrease of 3.9%, marking the fifth consecutive month of decline [2] - The total profit for these enterprises was 7.92 billion yuan, down 27.9% year-on-year, although the profit margin improved slightly to 3.1%, still below the manufacturing industry average by 1.2 percentage points [2] Investment Trends - Fixed asset investment in the furniture industry grew by 13.4% year-on-year in the first five months of 2025, an increase of 0.7 percentage points compared to the previous four months [3] - However, investment returns significantly declined by 78.8% year-on-year, indicating substantial short-term return pressure [3] Overall Industry Outlook - The furniture industry is undergoing a phase of adjustment characterized by both differentiation and transformation, necessitating further innovation and structural optimization for high-quality development in the future [1]