FEP’s Preliminary Forecast Estimates Decline in European Parquet Consumption

Primarily based on data obtained from its member firms and nationwide associations, the European Parquet Federation (FEP) estimates that the general consumption figures on the European parquet marketplace for the yr 2022 are declining by 8.2 p.c in comparison with 2021. The FEP says this analysis must be seen as a preliminary forecast and is the results of greatest estimates mentioned with member nation representatives on the current FEP board assembly held in Brussels, Belgium. FEP underlines that it is a first prognosis topic to variations, in anticipation of the entire knowledge to be communicated in June throughout its common meeting in Barcelona, Spain.

After a booming yr 2021, throughout which the European consumption of parquet rose by 6.2 p.c and reached a degree not seen for 10 years, consumption of parquet decreased on nearly all European markets in 2022, particularly in the course of the second semester, when in comparison with the identical interval in 2021.

The group says the increase coming from renovation has reached an finish, whereas the influence of the lower in new constructing development, reflecting rising prices and rates of interest, can be actually felt in 2023-2024.

As normal, the outcomes present variations from nation to nation. With the exceptions of Sweden, which presents a flat market, however which expects a deep discount in 2023, reflecting the collapse of recent buildings, and Switzerland, which exhibits a rise by 9 p.c of its parquet consumption, the remainder of the European nations are reporting falling markets. That is particularly the case in Austria, France, and Germany with double-digit decreases.

The FEP’s 67th Common Meeting and 47th Parquet Congress are scheduled for June 15-16, 2023 in Barcelona.

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