Which sectors face the highest risk of ultra-long payment delays?

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Chemical and Wood Sectors Face Highest Risk of Ultra-Long Payment Delays

Firms in the chemical and wood sectors are most vulnerable to ultra-long payment delays (ULPDs), with a significant percentage of respondents in these industries reporting substantial portions of their turnover affected. The chemical sector, in particular, stands out as the most exposed, while the wood sector has seen a concerning increase in such delays.
Chemical Sector's High Vulnerability to ULPDs

The chemical sector exhibits the highest risk profile for ultra-long payment delays, with 34% of surveyed companies reporting that these delays exceeded 10% of their annual turnover. This figure represents a notable increase from the previous year, underscoring a worsening situation for businesses within this industry regarding payment collection.
Wood Sector Shows Increasing Risk of ULPDs

The wood sector also presents a concerning trend in payment delays. In 2022, 20% of respondents from this industry reported experiencing ultra-long payment delays, a significant jump from 0% in 2021. This sharp rise suggests that companies in the wood industry are facing escalating challenges in receiving timely payments for their goods and services.
Construction Sector Continues to Experience Longest Delays

While not specifically detailing ULPDs as a percentage of turnover, the construction sector remains identified as the industry with the most protracted payment cycles overall. On average, construction firms experienced payment delays of 96 days in 2022. This extended duration highlights ongoing financial pressures and complexities within the construction industry's payment processes.

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Which sectors face the highest risk of ultra-long payment delays?

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