{"id":77181,"date":"2019-02-27T12:08:25","date_gmt":"2019-02-27T12:08:25","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/plywood-business-europe-might-difficult-2019\/"},"modified":"2025-09-19T08:50:02","modified_gmt":"2025-09-19T08:50:02","slug":"plywood-business-europe-might-difficult-2019","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/plywood-business-europe-might-difficult-2019\/","title":{"rendered":"Plywood business in Europe might have a very difficult 2019"},"content":{"rendered":"

European plywood businesses say they anticipate \u2018a lot of challenges\u2019 this year and one predicted \u2018very difficult trading\u2019.<\/em><\/p>\n

The continuing slowdown of the Eurozone economy is expected to be one factor impacting trade, with the IMF predicting growth to slow to 1.9% from 2.7% in 2017, and 2.3% in 2018. And in an EU-wide poll of economic analysts in the Financial Times at the end of December, some predicted growth could slow to 1.3%, 1.2% and even 1%.<\/p>\n

One continental-based international trader said that their UK orders had grown recently, possibly the consequence of customers building up stock prior to Brexit.<\/span><\/p>\n

However, a British importer described the market now showing signs of weakening, with both new construction and building renovation markets slowing, partly again due to Brexit, with contractors and clients putting projects on hold pending greater clarity on the post-Brexit trade deal between the UK and EU, yet to be struck at the time of writing.<\/p>\n

The latest news from the UK Construction Products Association bears this view out, with the organisation in January downgrading its previous forecast of 2.3% growth in UK construction output in 2019 to just 0.3%.<\/p>\n

\u201cOur customers in the timber merchant sector are clearly being affected by this increased hesitation in the market,\u201d said another UK importer. \u201cDelayed purchasing has slowed their stock turn, and that in turn is affecting importers\u2019 sales and margin.\u201d<\/p>\n

Despite early signs of European-wide economic slowdown ahead, including a reported 1.6% December 2018 fall in factory orders in the continent\u2019s economic powerhouse Germany, far worse than 0.3% forecast by analysts in a Reuter\u2019s poll, some continental European plywood importers still reported stable and reasonably good demand from key markets in early February.<\/p>\n

\u201cOur construction customers, particularly in north west Europe, in Germany, Belgium and the Netherlands, remain at about the same level and still seem to be reasonably busy as does the packaging sector,\u201d said one company representative.<\/p>\n

On the downside however, companies across Europe shared the view that the market was overstocked following the price and supply fluctuations in 2018 and that the situation could deteriorate if, as expected, the Eurozone slowdown does worsen and greater caution starts to spread in the market.<\/p>\n

In fact, another company said that, while their Netherlands business was still robust, they did already detect something of a slowdown in France and Germany.<\/p>","protected":false},"excerpt":{"rendered":"

European plywood businesses say they anticipate \u2018a lot of challenges\u2019 this year and one predicted \u2018very difficult trading\u2019. The continuing slowdown of the Eurozone economy is expected to be one factor impacting trade, with the IMF predicting growth to slow … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3515,3299,3256],"class_list":["post-77181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-business","tag-europe","tag-plywood","topic-wood-based-panels","area-europe"],"acf":[],"yoast_head":"\nPlywood business in Europe might have a very difficult 2019 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/plywood-business-europe-might-difficult-2019\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plywood business in Europe might have a very difficult 2019 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"European plywood businesses say they anticipate \u2018a lot of challenges\u2019 this year and one predicted \u2018very difficult trading\u2019. 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