Daily News / Global Trends / Market Analysis / Statistics / Wood Products / Wood-based panels / Europe / Global
February 20, 2019

Difficult plywood trading year forecast

Difficult plywood trading year forecast

European plywood businesses say they anticipate ‘a lot of challenges’ this year and one predicted ‘very difficult trading’.

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%.

One continental-based international trader said that their UK orders had grown recently, possibly the consequence of customers building up stock prior to Brexit.

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