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Still looking for the silver lining

Date

11 Jun 2013

Sections

Trade & Society

Further amplifying the January forecast of the FEP (European Federation of the Parquet Industry) issued at the start of the DOMOTEX fair in Hannover, the consolidated data provided by member companies and affiliated national associations indicates that the market still does not show the signs of the recovery announced and expected by the European authorities. The general picture is, as expected, not uniform with considerable variations from country to country.
Compared to 2011, the overall consumption figures in 2012 point to a decline of 5.88%. As far as production is concerned, the trend already witnessed in the previous years, namely the strategic choices made by several producing companies to relocate their production in European countries outside the FEP territory, was once again confirmed.

 

Outlook for 2014
In a continuingly volatile economic situation in the EU, where even the leading financial institutions and the European Commission adapt their forecasts on practically a weekly basis, it is hardly possible to give a waterproof prognosis on developments in the European Parquet Industry in the coming year.

The latest market indicators tend to point indeed in the direction of challenging times that still lay ahead. Much will depend on the state of affairs in the construction business, the degree of flexibility of access to housing loans (especially for young people), the evolution on the employment market and related consumer confidence. A prompt structural solution for the economic problems and existing inequalities within the EU-27 guaranteeing a return of long term political stability is a must. The widening economic & financial gap between Northern & Southern regions of the EU has to be contained, controlled and progressively bridged.

FEP, hence, does not expect that existing and important differences between member countries adhering to our federation will simply vanish in the short term. This would be wishful thinking and unrealistic. Nevertheless, since the start of the crisis in early 2008 the European Parquet Industry has proven to be resilient and able to cope with myriad adversities. It even succeeded to safeguard its market share amongst competing flooring solutions. Real wood quality flooring remains very much in vogue and the never ceasing innovative focus both in the technical field and design make the growing variety of parquet products always better and increasingly attractive for the end consumer.
Reason enough to confront the challenges with motivation and look into the future with confidence!

 

More information on this issue is available from the FEP Secretariat in Brussels.
(Tel: +32 2 556 25 87 / info@parquet.net).

 

 

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