The Board of Directors of the European Parquet Federation (FEP) met at BAU 2023 in Munich and discussed the parquet situation in the European markets.
As expected, the FEP says the boost coming from renovation has reached an end while the decrease in new buildings construction, reflecting increasing costs and interest rates, has started to have tangible and negative effects.
As observed for most of the flooring types, the significant decline of the parquet consumption on the European market during the first quarter 2023 compared to the same period last year can be evaluated at -20%. A restart of activity is cautiously forecast for September and/or October.
As usual, the results show variations from country to country, but all report decreases of consumption, except Switzerland which presents a flat market but expects a downturn. Click here to view a brief recap of each country’s market overview.
The FEP’s 67th General Assembly and 47th Parquet Congress are scheduled on June 15-16, 2023 in Barcelona, Spain.