Italian wood-furniture industry in difficulty

The Italian wood and furniture sector is grappling with a crisis characterized by industry representatives as unexpectedly swift and severe, exacerbated by global economic slowdown and significant damages caused by hailstorms. The market is witnessing a deceleration, with projections for a negative closure in 2023. In the first half of the year, the sector experienced a 22% decline in the wood segment and a 9.5% decrease in furniture business. Anticipated data for the third quarter indicates a potential worsening of these figures. Factors contributing to this downturn include a natural decline in August, disruptions in deliveries post-hailstorms ...