Sharp decline in European wood flooring demand

After a booming year in 2021, production and consumption of wood flooring in Europe was more resilient than expected in 2022 but has declined sharply in the opening months of this year in the face of increasing costs and higher interest rates. These are key conclusions from the latest annual statistical report published on 20 June by the European Parquet Federation (FEP), the organisation which unites European parquet manufacturers, national parquet federations and suppliers to the industry. While the FEP report highlights that tropical timber now accounts for only 2% of the face veneers used for the manufacture ...