Turnover of timber construction to exceed €10bn in 2022

In 2022, turnover gained by German carpentry and timber construction companies is said to grow by 5.5% vis à vis 2021 to €10.246bn.

For 2021, according to the mix model used by the Federal Statistical Office (Destatis) which combines data for companies with 20 or more employees recorded by Destatis with data for companies with less than 20 employees, generated using information provided by the tax authorities (turnover) and the Federal Employment Agency (employment), turnover reached €9.712bn. According to the 2022 status report published on 20 May by the Verband Holzbau Deutschland around 25% of the increase will ensue from additional work and 75% from price increases. In 2020, a growth of 15.3% had been registered; additional work had still contributed two-thirds to this figure and price grows for timber construction products one-third. 

Information provided according to www.euwid-wood-products.com