A slump in European wood-based panel production that was recorded in 2019 after six years of growth continued at a similar pace in 2020. Total output had last increased in 2018, climbing by 1.5% to 60.319m m³. The European Panel Federation (EPF) had reported a 1.8% decrease to 59.246m m³ for 2019; it has since slightly revised the originally reported figures. According to the EPF’s annual report, which was published on 10 June, overall wood-based panel output dipped by 2.1% to 58.009m m³ in 2020.
The downturn in production in the first quarter and especially in the second quarter caused by the Covid-19 pandemic was almost erased by growth in many markets in the second half of the year. Demand from the construction sector remained largely consistent without major disruption. The furniture industry staged a strong recovery in the months after a second-quarter collapse.