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October 1, 2018

The German wood industry keeps on growing

The German wood industry keeps on growing

The German wood industry, made of the timber industry and the furniture industry, reached a 3% growth, to 18.206m €, achieved in sales revenue by the end of June 2018. The industry also wants to achieve a comparable rate of growth in the year as a whole.

Last year, according to the figures compiled by the German wood industry federation HDH, sales revenue generated by the whole wood industry rose by 1.7 % to 35.587bn €. The slightly regressive development in the furniture industry (-0.6 % to 17.855bn €) was more than compensated for by the growth of 4.7 % in the timber trade’s sales revenue to 16.554bn €.

This varying development continued in the first half-year as well. The timber trade’s sales revenue was 5.2 % higher than a year earlier at 8.555bn €. In view of the slowing pace of construction activity, the upward trend in the building-related sector, the biggest subsector, lost momentum too (+2.1 % to 2.771bn €).

Sales revenue generated by the wood-based panel industry increased 2.5 % to 2.530bn €. At +7.8 %, growth in the sawmilling industry was even more pronounced at 2.415bn €. According to the HDH, the 29.9 % growth in sales revenue to around 469.4m € in the wooden packaging segment was partly attributable to statistical regroupings. After the regressive development last year, the parquet industry achieved slight growth of 1.2 % again to 138.8m €.

Total sales revenue generated by the furniture industry rose by 1.0 % in the first half-year to 9.051bn €. The minor growth was almost exclusively due to export business; the furniture industry’s revenue from sales on the domestic market remained practically unchanged at last year’s level.

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