GWMI attended the 14th European Wood-Based Panel Symposium in Hamburg on October 14–16, where industry forecasts pointed to further capacity cuts across Europe as weak demand, rising imports and high production costs threaten the viability of existing mills. The mood was cautious, with AFRY Management Consulting warning that a meaningful recovery in Western European panel demand may not begin until late 2027, while a return to 2021 levels could take until 2030.
Wood-based panel producers face further capacity cuts as recovery remains elusive
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