Consumption of hardwood veneers in the EU27+UK was already falling in 2019 before the onset of the pandemic driven by declining confidence in the European wood products manufacturing sector as the European and global economy showed signs of stagnation. A 5% fall in consumption in 2019 was followed by a 6% decline in the first year of the pandemic in 2020. The same factors that drove a sharp rise in EU27+UK sawn hardwood consumption in 2021 were evident in the veneer sector. This included the boom in private sector demand ...
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