In the first half of 2019, the total profit of the national furniture industry reached 22.3 billion yuan, a year-on-year decrease of 6.1%.

By the end of 2018, China’s furniture industry had reached 6,000 enterprises above designated size, an increase of 39 compared with the previous year. At the same time, there were 608 loss-making enterprises, an increase of 108 over the same period of the previous year, and the loss was 10.13%. The overall loss of the furniture industry in China has been increasing. The total loss in 2018 has reached 2.25 billion yuan, an increase of 320 million yuan over the same period in 2017. By the first half of 2019, the number of furniture manufacturing enterprises in the country has increased to 6217, including 958 losses, with a loss of 15.4% and a total loss of 2.06 billion yuan.

In recent years, the total profit of China’s furniture manufacturing industry has kept pace with its operating income and has maintained a steady rise. In 2018, the total profit of the furniture industry reached 56.52 billion yuan, a year-on-year increase of 9.3%, an increase of 1.4 percentage points compared with the previous year. By the first half of 2019, the total profit of the national furniture industry reached 22.3 billion yuan, a decrease of 6.1% compared with the same period of last year.

From 2012 to 2018, China’s furniture retail sales maintained a steady growth trend. In 2012-2018, the national retail sales of furniture continued to grow. In 2018, the total retail sales reached 280.9 billion yuan, an increase of 2.8 billion yuan compared with 278.1 billion yuan in 2017. In 2019, the national furniture consumption will continue to maintain a stable and long trend. It is estimated that the national retail sales of furniture will exceed 300 billion yuan in 2019.