FEP’s Preliminary Forecast Estimates Decline in European Parquet Consumption

Based on information obtained from its member companies and national associations, the European Parquet Federation (FEP) estimates that the overall consumption figures on the European parquet market for the year 2022 are declining by 8.2 percent compared to 2021. The FEP says this evaluation should be seen as a preliminary forecast and is the result of best estimates discussed with member country representatives at the recent FEP board meeting held in Brussels, Belgium. FEP underlines that this is a first prognosis subject to variations, in anticipation of the complete data to be communicated in June during its general assembly in Barcelona, Spain.

After a booming year 2021, during which the European consumption of parquet rose by 6.2 percent and reached a level not seen for 10 years, consumption of parquet decreased on almost all European markets in 2022, especially during the second semester, when compared to the same period in 2021.

The organization says the boost coming from renovation has reached an end, while the impact of the decrease in new building construction, reflecting increasing costs and interest rates, will be really felt in 2023-2024.

As usual, the results show variations from country to country. With the exceptions of Sweden, which presents a flat market, but which expects a deep reduction in 2023, reflecting the collapse of new buildings, and Switzerland, which shows an increase by 9 percent of its parquet consumption, the rest of the European countries are reporting falling markets. This is especially the case in Austria, France, and Germany with double-digit decreases.

The FEP’s 67th General Assembly and 47th Parquet Congress are scheduled for June 15-16, 2023 in Barcelona.

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