European parquet production falls 30%

European parquet flooring production massively fell 30.5% in 2023 to 54.4 million m2, according to the latest statistics unveiled by the European Federation of the Parquet Industry (FEP). After a good year in 2022 which consolidated the level reached during the booming 2021, decreases were observed on all European markets during 2023, reflecting the decline in construction activity, high interest rates, lack of consumer confidence, and unfair competition. Production in FEP countries had reached 78million m2 in 2022 and as much as 81.8 million2 in 2021 during the Covid pandemic. The European production outside FEP ...