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September 4, 2018

The German wood industry in its fifth consecutive year of growth

The German wood industry in its fifth consecutive year of growth

The German wood industry is growing for the fifth year in a row. According to Johannes Schwörer, President of the Federation of the German Timber Industry (HDH), the industry recorded a significant increase in sales of 3% to around € 18.2 billion between January and June 2018. In the same period of the previous year, sales increased by only 1.6% to around € 17.7 billion. In view of the good industry situation, sales growth for the whole of 2018 for the German wood industry is also expected to increase by up to 3%.

The wood industry mainly consists of the wood industry and the furniture industry. Here, the turnover of the wood industry in the first half of 2018 grew significantly by 5.2% to € 8.6 billion. The furniture industry grew by 1% to € 9.1 billion. The growth of the furniture industry almost exclusively came from the successful export business. Domestic furniture sales stagnated.

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