On June 27, the National Bureau of Statistics released an announcement on the profit data of industrial enterprises above designated size in the country from January to May 2022. The announcement shows that in the first five months of this year, the operating income of the national furniture manufacturing industry was 294.89 billion yuan, a year-on-year decrease of 2.5%; the total profit was 13.26 billion yuan, a year-on-year decrease of 2.1%. The operating income of the textile industry was 1,021.13 billion yuan, a year-on-year increase of 6%; the total profit was 35.12 billion yuan, a year-on-year decrease of 2.5%. The operating income of wood processing and wood, bamboo, rattan, palm and grass products was 389.6 billion yuan, a year-on-year increase of 4.3%; the total profit was 12.83 billion yuan, a year-on-year decrease of 5.9%.

Recently, ISM, the world's most authoritative association for procurement, supply and logistics management, released the US manufacturing report for May. ISM said that the purchasing managers' index of the US manufacturing industry in May was 56.1%, an increase of 0.7 percentage points year-on-year, and the overall economy achieved 24 consecutive months of growth. Among them, the order backlog index was 58.7%, and the inventory index was 55.9%. In May, 15 U.S. manufacturing industries reported increases compared to April, the only one reporting a decline was the furniture industry.

According to data released by the National Bureau of Statistics, with the steady progress of resumption of work and production in Shanghai, Jilin and other provinces, in May, China's manufacturing Purchasing Managers Index (PMI) rose by 2.2 percentage points from the previous month to 49.6%, but it still fell short of the boom line. The National Bureau of Statistics pointed out that among the 21 industries surveyed this month, the number of industries with PMI in the expansion range increased from 9 in the previous month to 12, and the manufacturing sector showed positive changes. In addition, the production index and new order index were 49.7% and 48.2%, respectively, up 5.3 and 5.6 percentage points from the previous month, indicating that both manufacturing production and demand have recovered to varying degrees.

According to customs statistics, from January to April 2022, my country's total import and export of wood and wood products (including logs, sawn timber, household or decorative wood products, plywood and similar multi-layer boards, etc.) The total amount is 75.973 billion yuan. From January to April this year, my country's total log imports were 13.81 million cubic meters, a year-on-year decrease of 32.1%; the total import value was 17.530 billion yuan, a year-on-year decrease of 15.6%. Among them, the import volume of logs in April was 3.84 million cubic meters, a year-on-year decrease of 29%, and the import value was 5.014 billion yuan, a year-on-year decrease of 14.6%.

Sheng Qiuping, Vice Minister of Commerce, said that according to customs statistics, China's cross-border e-commerce imports and exports have increased nearly 10 times in five years, reaching 1.92 trillion yuan last year, an increase of 18.6%. At present, more than 30,000 companies have registered on the online comprehensive service platform of the cross-border e-commerce comprehensive pilot zone.

According to the latest data released by the Shanghai Shipping Exchange on April 29, the Shanghai Export Containerized Freight Index fell 18.68 points to 3096.85 points last week, but its decline narrowed. To 0.4%, showing strong market demand. According to industry insiders, although the current container freight rate has dropped to a new low, with the gradual unblocking and resumption of work in Shanghai and the accumulation of empty containers in the United States, it may trigger a new round of port congestion crisis, and the freight rate may rebound strongly in May. At present, the world's idle container ships are approaching zero, and many container shipping companies have adjusted their flights to cope with the rush to ship in May. Relevant data showed that the number of ships waiting to enter outside Chinese ports was 195% higher than in February.

According to the latest data from the United Nations COMTRADE international trade database, in 2021, the total value of imported furniture, lighting fixtures and prefabricated buildings in the United States will reach 81.39 billion US dollars. Among them, the total value of furniture imports exceeded 29 billion US dollars, an increase of 28% from last year's 22.7 billion US dollars. In 2021, China exported furniture worth US$9.117 billion to the United States, an increase of 24% from US$7.331 billion in 2020; Vietnamese furniture exports to the US reached US$9.1 billion, an increase of 23% from US$7.405 billion in 2020; Mexican furniture The total value of exports to the United States reached 1.919 billion US dollars, an increase of 61%, and jumped to the third place.

In the fourth quarter of 2021, China's smart home device market shipments reached 63.37 million units, a year-on-year increase of 4.1%. For the full year of 2021, shipments of China's smart home device market exceeded 220 million units, a year-on-year increase of 9.2%. While the market does not reach double-digit growth in 2021, shipments show that smart home upgrades are the main growth driver in 2021.

According to the survey of the China Institute of Residential Industry Branch, the output value of head enterprises in the home improvement industry in the first quarter of 2022 fell by about 10%year-on-year, and it was enlarged to the entire industry. It is expected to be 25-30%year-on-year. From the perspective of the region, the Central China market has performed well. For example Too good, East China is most affected by the epidemic. Member companies generally reflect that consumers have declined in purchasing power and insufficient consumption confidence. Specifically, they are manifested in the long -term consumer decision -making cycle, increasing enterprise, decreased market conversion, and even half of the decoration of some consumers to slow down the rhythm.

According to the latest data report of the US Labor Statistics, US building materials price increased by 20.4% year-on-year, an increase of 33% over the epidemic. March cork prices rose 6%, and this data increased by 2.6% and 25.6% respectively in February, so the price of soft wood in a quarter increased by 36.7%. Since the lowest in September 2021, the price of cork in March has almost doubled, an increase of 90.4%.

Recently, despite the soaring fuel costs, the originally high international ocean freight rates have fallen significantly. According to industry insiders, the actual shipping price of container ships has dropped by about 20% on average since the Spring Festival. The freight rate from China to West America has dropped from about 12,000 US dollars to 8,000 US dollars now, more than 30%, and the European line has dropped even more. The reason behind the drop in sea freight rates is that the upgrade of epidemic prevention and control in some parts of the country has caused supply chain blockages, which has changed and adjusted the market supply and demand relationship that was originally "hard to find in one box". At the same time, changes in the international situation have also affected the global consumer market.

Europe's log and timber trade is set to change dramatically with the fall in timber production in central Europe and the suspension of timber imports from Russia. The log market in Europe could be at an important turning point, with widespread deforestation in the region over the past four years due to outbreaks of the spruce bark beetle, leading to rapid logging, timber production and log exports in a short period of time increase. As timber harvests peak, timber exporters and consumers will need to adapt to a reduced supply of softwood lumber in Europe in the coming years. Wood production in the European region will decline from its current high output levels, and the region may once again shift from being a net exporter of logs to a net importer.