Unprecedented period of change in European wooden furniture sector
The last two and half years, marked from the start of 2020 by the Covid-19 pandemic and from February this year by war in Ukraine, have seen unprecedented changes in Europe’s wood furniture sector. The sector has passed through a period characterized by an initial but very short lived fall in demand in the second quarter of 2020, followed by rapid demand escalation at a time when material shortages and other logistical challenges greatly reduced availability. During this relatively short period, major changes have occurred in patterns of supply and demand, trade flows, consumer ...
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