The uncertainty surrounding Brexit may be casting a shadow over the UK market. However, the wider EU hardwood sector reports generally steady, in some cases strong trading in 2019 to date including in tropical timber, despite some slowdown in economic activity and increased downside concerns about the medium-term outlook.
Continue reading “Brexit Bites, But EU Hardwood Buoyed by New Marketing Moves – ITTO European Market Report 31st July 2019”Only Slow Growth in EU Wood Furniture Production in 2018 – ITTO European Market Report 15th July 2019
The value of EU wood furniture production was €41.4 billion in 2018, only 0.8% more than the previous year. This continues the trend of slow, but consistent, annual growth of around 1% in the last 5 years. Despite this growth, the total value of wood furniture production in the EU in 2018 was still 20% down, in real terms adjusted for inflation, compared to the years just prior to the financial crises in 2008.
Continue reading “Only Slow Growth in EU Wood Furniture Production in 2018 – ITTO European Market Report 15th July 2019”