Italian wood-furniture technology:new elements to be considered…

17-08-2018
Acimall,Q2 2018,Italy timber market

The climate of recent times, characterised by a consistent improvement of all indicators, could not last forever. The first trend emerging in the second quarter of this year, namely the widespread slowdown of orders. The traditional quarterly survey by Acimall, the Confindustria member association, reveals a 9.9 per cent decrease compared to the same period of 2017. However, the reference quarter was really one of the best, with significant growth rates. But orders from abroad are dropping dramatically (minus 15.5 percent versus Q2 2017), balanced by the positive results of the Italian market which, over the same period, increased by as much as 29.4 per cent.

With the introduction of new customs tariffs on a global scale, the increase of energy products and the financial instability of some emerging countries explain dropping export in the April-June 2018 period, the domestic front though, supported by "Industry 4.0" incentives that are now producing their strongest impact.

The orders book has gone down to 3.1 months (from 3.4 in the previous quarter), while prices as of January 1st have slightly increased (0.4 percent).

QUALITY SURVEY

The quality survey for the April-June quarter indicates that, according to 39 per cent of the sample, the expected production trend is positive (stationary according to 56 per cent, decreasing according to 5 per cent).

Employment will be stable according to 67 per cent of the sample, increasing for 33 per cent. Available stocks will remain stable according to 72 per cent of interviewed companies, while 6 per cent expect a decrease and 22 per cent an increase.

FORECAST SURVEY

As for the coming months, the results are clear: 17 per cent of the sample expects an increase of foreign orders, while they will be stable for 72 per cent and decreasing for 11 per cent (the balance is plus 6, versus plus 29 in the previous quarter). Similar caution on the domestic market: 83 per cent predict a period of substantial stability, 6 per cent bet on growth and the remaining 11 per cent fear a reduction (the balance is negative at minus 5, versus plus 11 in the previous quarter).