A survey conducted reveals several significant insights into the German parquet market.
In the first three months of the year, Germany’s solid engineered wood flooring market has maintained a stable level compared to the same quarter last year. An internal Association survey, which was presented at this year’s General Assembly of the Association of the German Parquet Industry (VDP) in Bad Honnef, indicated a slight decline in production in the first quarter of 2014 by 0,5% to 2,7 million m².
“The positive construction sector and the robust domestic demand contributed to a break-even result for the start of the year,” explains VDP’s Chairman, Michael Schmid.
The winner of this year’s debut, the three-layer plank flooring, has improved against the trend by 16% to a total of 1,2 million m² produced. In contrast, the two-layer registered a 15,1% decrease and the multi-layer enginereed wood flooring fell by 10,8%.
For the full 2013, the VDP member companies produced less enginereed wood flooring by 5,3%, down to 10,7 million m². Even with this negative balance, the three-layer planks were significantly higher (+17,2%), while the production of two-layer fell by 20,1%, and the multi-layer decreased by 15,7%.
As part of a business survey among the 18 member companies of the VDP, 31% of the companies surveyed felt that the current business situation, despite its present stagnation, is faring well, 54% consider it satisfactory and 15% regard the current situation as being poor.
In the next six months, 70% expect a stable situation and 15% expect either an improved or declined state of affairs. In conclusion, the number of employees rose slightly in 2013 by 2,2%.