European wood-based panels manufacturers have expressed “cautious optimism” for the future at an industry meeting in Brussels.
Members of the European Panel Federation (EPF), who met for the EPF’s general assembly, said they expected a rebound in the market by the end of 2005 and into 2006, in line with a forecast recovery of the construction and furniture industries.
The assembly heard that European particleboard production contracted by nearly 2% during the first nine months of 2005, while demand reduced by more than 5%.
MDF output increased by nearly 3% for the period, with exports up by more than 5% and European demand down by almost 5%.
OSB production grew by 3% and remains the fastest-growing panel type in Europe. Exports, especially to North America, provided the main impetus for growth with an 11% upswing.
However, continuing cost increases were flagged up as a concern for most producers.
EPF members welcomed the European Parliament’s approval for an exhibition to be organised in the parliament building entitled “Tackle Climate Change: Use Wood”. The February 7-9 event aims to show European decision makers the positive contribution of wood-based products and the woodworking industries to sustainable development and society.
