The European Panel Federation (EPF) recently held a press conference to share the results of its annual report charting the performance of European wood-based panels industries in 2020-21.
Performance of wood-based panels markets were discussed, as outlined in the EPF’s new Annual Report 2020-2021, along with additional presentations focusing on the market situation for resins, EPF advocacy work and a view from the North American panels market.
First up was EPF managing director Clive Pinnington who summarised the performance of wood-based panels markets in Europe.
The top line figure shared was a 2.1% decline in production in EPF countries during 2020, noticeably smaller than the 6.1% reverse in European GDP during the same period.
Mr Pinnington explained that this smaller drop was due to continued strong demand for wood-based panels, especially in furniture and construction markets.