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6/24/2021 : 8:58 am : +0200

Trends & developments

Structural challenges - such as surplus production, stagnating or only slowly growing inland markets, worldwide concurrence around the resource timber and a massively increasing import pressure especially from the Asian sphere of economy - are example indicators for the developments and the competitive environment for the European timber and furniture sector. For example in the furniture production: In the total balance, the European furniture market still loses shares of the worldwide furniture production. In 1998, the proportion was around 42% of the worldwide production, in 2003 it dropped to 37% while the proportion of furniture produced in Asia increased in the same time span from 18% to 23%. With annual growing rates of at least 30% especially China urge for the top of the worldwide furniture producers.
In spite of these drops the European timber and furniture industry plays still worldwide a major role. But the timber and furniture industry in Europe can only secure the existing strengths in the fields of quality, quantity, capacity and technical knowledge if the industry proves to be able to implement innovation-based structural improvements.
More and better information about the sector's situation in other countries facilitate the understanding about trends and developments. This knowledge is necessary to further the sectorâ??s development both on a national and a European scale.