The woodworking and furniture technology sector in Italy continues to face challenges as the current reduction in orders has extended into its ninth consecutive quarter. This downturn follows a period of significant growth in the post-pandemic years, which saw industry levels return to pre-pandemic figures. According to the latest report from Acimall, the association representing Italian manufacturers, the April to June 2024 period experienced a 2.8% decrease in orders compared to the same period in 2023. International orders remained stable, but domestic orders saw a notable decline of 5.9%.
Acimall’s data indicates that the average backlog of orders is now down to 2.9 months. Prices in the sector have increased by 0.9% since the start of 2024, reflecting broader inflationary pressures. In a survey conducted among industry participants, 45% of companies predict that production levels will remain stable, while 50% foresee further reductions, and only 5% expect an increase. Employment levels are anticipated to remain steady by 80% of respondents, with the remaining 20% expecting cuts. Image: Acimall
Regarding stock levels, 55% of firms report stability, while 20% indicate an increase, and 25% report a decrease. Looking ahead, 50% of respondents expect the domestic market to remain stable, though 45% predict a downturn. Optimism is slightly higher concerning international markets, where 15% of companies expect a positive shift in demand.
