{"id":87010,"date":"2023-11-17T09:25:20","date_gmt":"2023-11-17T09:25:20","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/italian-wood-furniture-industry-in-difficulty\/"},"modified":"2025-09-19T09:01:06","modified_gmt":"2025-09-19T09:01:06","slug":"italian-wood-furniture-industry-in-difficulty","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/italian-wood-furniture-industry-in-difficulty\/","title":{"rendered":"Italian wood-furniture industry in difficulty"},"content":{"rendered":"

The Italian wood and furniture sector is grappling with a crisis characterized by industry representatives as unexpectedly swift and severe, exacerbated by global economic slowdown and significant damages caused by hailstorms. The market is witnessing a deceleration, with projections for a negative closure in 2023.<\/span><\/p>\n

In the first half of the year, the sector experienced a 22% decline in the wood segment and a 9.5% decrease in furniture business. Anticipated data for the third quarter indicates a potential worsening of these figures. Factors contributing to this downturn include a natural decline in August, disruptions in deliveries post-hailstorms, and infrastructure damages amounting to at least 250 million euros.<\/p>\n

Projections forexports suggest a potential settling at -18%, translating to a loss of production value nearing one billion euros by the end of 2023. The situation is further exacerbated by increased price lists following the conflict in Ukraine. Despite a staggering 30-35% estimated drop in turnover compared to 2022, this decline is not readily evident when solely considering price lists.<\/p>\n

The context extends to the economic landscape of Friuli Venezia Giulia, where the Region's Revolving Fund has witnessed a surge in loans granted to address credit needs, increasing from nearly 19 million to around 30 million by year-end.<\/p>\n

In response to these challenges, Sergio Emidio Bini, the regional councilor for productive activities, convened with industry representatives, including Pierluigi Zam\u00f2, president of Confindustria FVG, and Paolo Fantoni, vice president of FederLegnoArredo. Their discussions included proposals to support sector activities in non-European countries, revive\u00a0 exports, especially in nations like India and South Korea, facilitate company size growth, stimulate mergers through financial lines, and enhance competitiveness in global markets. Additional proposals included the activation of innovation vouchers and the creation of specialist teams to harness the potential of artificial intelligence.<\/p>","protected":false},"excerpt":{"rendered":"

The Italian wood and furniture sector is grappling with a crisis characterized by industry representatives as unexpectedly swift and severe, exacerbated by global economic slowdown and significant damages caused by hailstorms. 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