Construction in Croatia - Key Trends and Opportunities to 2020

Publisher Name :
Date: 17-Sep-2016
No. of pages: 69

Synopsis

Construction activity in Croatia was weak during the review period (2011-2015) following the economic recession, which resulted in a deteriorating business environment. Poor investor confidence reduced construction activity in the country. Consequently, the construction industry's output value in real terms contracted at a compound annual growth rate (CAGR) of 6.03% during the review period.

The industry's value is expected to pick up slightly over the forecast period (2016-2020), however, driven by a gradual revival in the economy and subsequent improvements in business confidence. This is expected to be driven by investments in the country's public infrastructure, commercial and energy projects over the forecast period.

The European Union's (EU) move to finance various infrastructure projects in the country through the Cohesion Fund (CF) and European Regional Development Fund (ERDF) will also support growth in the industry over the forecast period.

The industry's output value in real terms is expected to rise at a CAGR of 1.79% over the forecast period; up from -6.03% during the review period.

Over the forecast period, government efforts to develop the country's transport and commercial infrastructure will support growth in the industry. In addition, the government's aim to improve local energy resources is expected to support investments in energy infrastructure projects, which will fuel growth in the industry.

Summary

Timetric's Construction in Croatia - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the Croatian construction industry including:


  • Croatian construction industry's growth prospects by market, project type and construction activity

  • Analysis of equipment, material and service costs for each project type in Croatia

  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Croatian construction industry

  • Profiles of the leading operators in the Croatian construction industry

  • Data highlights of the largest construction projects in Croatia


Scope

This report provides a comprehensive analysis of the construction industry in Croatia. It provides:


  • Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Croatia using construction output and value-add methods

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing

  • Detailed profiles of the leading construction companies in Croatia


Reasons To Buy


  • Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.

  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.

  • Understand the latest industry and market trends.

  • Formulate and validate strategy using Timetric's critical and actionable insight.

  • Assess business risks, including cost, regulatory and competitive pressures.

  • Evaluate competitive risk and success factors.


Key Highlights


  • The Croatian construction industry has been in decline since 2009. In real terms, the construction industry's output contracted by 39.9% between 2009 and 2015. According to the Croatian Bureau of Statistics (CBS), the country's seasonally adjusted annual average construction work index declined by 0.9%, from 68.6 in 2014 to 68.0 in 2015. However, government efforts to restore economic growth through large-scale infrastructure investments are leading to improvement in the construction activity in the country. In addition, the EU's provision of financial aid to develop infrastructure projects across the country is also adding momentum to construction activity.

  • In a bid to promote economic growth in Europe, the EC launched the CEF program in 2014. Under this program, the EC made investments to develop various cross-border projects in the transport, energy and telecommunication sectors until 2020. Accordingly, in June 2016, the EC approved HRK2.3 billion (US$335.3 million) to finance 12 transport infrastructure projects in Croatia.

  • With an aim to develop the country's infrastructure, the government is seeking financial assistance from the EU. Accordingly, in March 2015, the European Investment Bank (EIB) granted a loan of HRK2.2 billion (US$320.8 million) as the initial disbursement of the total loan of HRK4.5 billion (US$656.2 million). This disbursement is a part of the EIB's move to co-finance HRK60.6 billion (US$8.8 billion) worth of priority infrastructure projects in various sectors, such as healthcare, energy and transport.

  • Tourism is a key sector in the Croatian economy, and constitutes over one-fifth of the country's GDP. The government is therefore making efforts to promote growth in the tourism sector. As a part of the move, in April 2016, the Croatian Tourism Ministry signed an agreement with Avenue Ulaganja, to develop the Kupari tourism project in Dubrovnik with an investment of over HRK1.0 billion (US$145.8 million).

  • In November 2015, the EC announced plans to implement five energy infrastructure projects in the country under the CEF program. These projects are categorized under the EC's list of Projects of Common Interest (PCIs), and aim to improve the share of renewable energy in the country's total energy mix, while reducing carbon emissions.

Construction in Croatia - Key Trends and Opportunities to 2020

Table of Contents

1 Executive Summary

2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction

3 Key Issues and Developments

4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type

5 Company Profile: Graditeljsko dionicko drustvo Viadukt
5.1 Graditeljsko dionicko drustvo Viadukt - Company Overview
5.2 Graditeljsko dionicko drustvo Viadukt - Main Services
5.3 Graditeljsko dionicko drustvo Viadukt - History
5.4 Graditeljsko dionicko drustvo Viadukt - Company Information
5.4.1 Graditeljsko dionicko drustvo Viadukt - key competitors
5.4.2 Graditeljsko dionicko drustvo Viadukt - key employees

6 Company Profile: Hidroelektra Niskogradnja dd
6.1 Hidroelektra Niskogradnja dd - Company Overview
6.2 Hidroelektra Niskogradnja dd - Main Products and Services
6.3 Hidroelektra Niskogradnja dd - History
6.4 Hidroelektra Niskogradnja dd - Company Information
6.4.1 Hidroelektra Niskogradnja dd - key competitors
6.4.2 Hidroelektra Niskogradnja dd - key employees

7 Company Profile: Ingra dd
7.1 Ingra dd - Company Overview
7.2 Ingra dd - Main Services
7.3 Ingra dd - History
7.4 Ingra dd - Company Information
7.4.1 Ingra dd - key competitors
7.4.2 Ingra dd - key employee

8 Company Profile: Strabag doo
8.1 Strabag doo - Company Overview
8.2 Strabag doo - Main Services
8.3 Strabag doo - Company Information
8.3.1 Strabag doo - key competitors
8.3.2 Strabag doo - key employees

9 Company Profile: Dalekovod dd
9.1 Dalekovod dd - Company Overview
9.2 Dalekovod dd - Business Description
9.3 Dalekovod dd - Main Products and Services
9.4 Dalekovod dd - History
9.5 Dalekovod dd - Company Information
9.5.1 Dalekovod dd - key competitors
9.5.2 Dalekovod dd - key employees

10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables

Table 1: Croatian Construction Output by Project Type (HRK Million), 2011-2015
Table 2: Croatian Construction Output by Project Type (HRK Million), 2015-2020
Table 3: Croatian Construction Output by Cost Type (HRK Million), 2011-2015
Table 4: Croatian Construction Output by Cost Type (HRK Million), 2015-2020
Table 5: Croatian Construction Output by Activity Type (HRK Million), 2011-2015
Table 6: Croatian Construction Output by Activity Type (HRK Million), 2015-2020
Table 7: Croatian Construction Value Add by Project Type (HRK Million), 2011-2015
Table 8: Croatian Construction Value Add by Project Type (HRK Million), 2015-2020
Table 9: Croatian Commercial Construction Output by Project Type (HRK Million), 2011-2015
Table 10: Croatian Commercial Construction Output by Project Type (HRK Million), 2015-2020
Table 11: Croatian Commercial Construction Output by Cost Type (HRK Million), 2011-2015
Table 12: Croatian Commercial Construction Output by Cost Type (HRK Million), 2015-2020
Table 13: Croatian Commercial Construction Output by Activity Type (HRK Million), 2011-2015
Table 14: Croatian Commercial Construction Output by Activity Type (HRK Million), 2015-2020
Table 15: Croatian Commercial Construction Value Add by Project Type (HRK Million), 2011-2015
Table 16: Croatian Commercial Construction Value Add by Project Type (HRK Million), 2015-2020
Table 17: Croatian Industrial Construction Output by Project Type (HRK Million), 2011-2015
Table 18: Croatian Industrial Construction Output by Project Type (HRK Million), 2015-2020
Table 19: Croatian Industrial Construction Output by Cost Type (HRK Million), 2011-2015
Table 20: Croatian Industrial Construction Output by Cost Type (HRK Million), 2015-2020
Table 21: Croatian Industrial Construction Output by Activity Type (HRK Million), 2011-2015
Table 22: Croatian Industrial Construction Output by Activity Type (HRK Million), 2015-2020
Table 23: Croatian Industrial Construction Value Add by Project Type (HRK Million), 2011-2015
Table 24: Croatian Industrial Construction Value Add by Project Type (HRK Million), 2015-2020
Table 25: Croatian Infrastructure Construction Output by Project Type (HRK Million), 2011-2015
Table 26: Croatian Infrastructure Construction Output by Project Type (HRK Million), 2015-2020
Table 27: Croatian Infrastructure Construction Output by Cost Type (HRK Million), 2011-2015
Table 28: Croatian Infrastructure Construction Output by Cost Type (HRK Million), 2015-2020
Table 29: Croatian Infrastructure Construction Output by Activity Type (HRK Million), 2011-2015
Table 30: Croatian Infrastructure Construction Output by Activity Type (HRK Million), 2015-2020
Table 31: Croatian Infrastructure Construction Value Add by Project Type (HRK Million), 2011-2015
Table 32: Croatian Infrastructure Construction Value Add by Project Type (HRK Million), 2015-2020
Table 33: Croatian Energy and Utilities Construction Output by Project Type (HRK Million), 2011-2015
Table 34: Croatian Energy and Utilities Construction Output by Project Type (HRK Million), 2015-2020
Table 35: Croatian Energy and Utilities Construction Output by Cost Type (HRK Million), 2011-2015
Table 36: Croatian Energy and Utilities Construction Output by Cost Type (HRK Million), 2015-2020
Table 37: Croatian Energy and Utilities Construction Output by Activity Type (HRK Million), 2011-2015
Table 38: Croatian Energy and Utilities Construction Output by Activity Type (HRK Million), 2015-2020
Table 39: Croatian Energy and Utilities Construction Value Add by Project Type (HRK Million), 2011-2015
Table 40: Croatian Energy and Utilities Construction Value Add by Project Type (HRK Million), 2015-2020
Table 41: Croatian Institutional Construction Output by Project Type (HRK Million), 2011-2015
Table 42: Croatian Institutional Construction Output by Project Type (HRK Million), 2015-2020
Table 43: Croatian Institutional Construction Output by Cost Type (HRK Million), 2011-2015
Table 44: Croatian Institutional Construction Output by Cost Type (HRK Million), 2015-2020
Table 45: Croatian Institutional Construction Output by Activity Type (HRK Million), 2011-2015
Table 46: Croatian Institutional Construction Output by Activity Type (HRK Million), 2015-2020
Table 47: Croatian Institutional Construction Value Add by Project Type (HRK Million), 2011-2015
Table 48: Croatian Institutional Construction Value Add by Project Type (HRK Million), 2015-2020
Table 49: Croatian Residential Construction Output by Project Type (HRK Million), 2011-2015
Table 50: Croatian Residential Construction Output by Project Type (HRK Million), 2015-2020
Table 51: Croatian Residential Construction Output by Cost Type (HRK Million), 2011-2015
Table 52: Croatian Residential Construction Output by Cost Type (HRK Million), 2015-2020
Table 53: Croatian Residential Construction Output by Activity Type (HRK Million), 2011-2015
Table 54: Croatian Residential Construction Output by Activity Type (HRK Million), 2015-2020
Table 55: Croatian Residential Construction Value Add by Project Type (HRK Million), 2011-2015
Table 56: Croatian Residential Construction Value Add by Project Type (HRK Million), 2015-2020
Table 57: Graditeljsko dionicko drustvo Viadukt, Key Facts
Table 58: Graditeljsko dionicko drustvo Viadukt, Main Services
Table 59: Graditeljsko dionicko drustvo Viadukt, History
Table 60: Graditeljsko dionicko drustvo Viadukt, Key Employees
Table 61: Hidroelektra Niskogradnja dd, Key Facts
Table 62: Hidroelektra Niskogradnja dd, Main Products and Services
Table 63: Hidroelektra Niskogradnja dd, History
Table 64: Hidroelektra Niskogradnja dd, Key Employees
Table 65: Ingra dd, Key Facts
Table 66: Ingra dd, Main Services
Table 67: Ingra dd, History
Table 68: Ingra dd, Key Employee
Table 69: Strabag doo, Key Facts
Table 70: Strabag doo, Main Services
Table 71: Strabag doo, Key Employees
Table 72: Dalekovod dd, Key Facts
Table 73: Dalekovod dd, Main Products and Services
Table 74: Dalekovod dd, History
Table 75: Dalekovod dd, Key Employees
Table 76: Timetric Construction Market Definitions

List of Figures

Figure 1: Croatian Construction Output (Real US$ 2010, Million), 2011-2020
Figure 2: Growth Matrix for Construction Output in Croatia (US$ Million), 2011-2020
Figure 3: Croatian Construction Output by Project Type (HRK Million), 2011-2020
Figure 4: Croatian Construction Output by Cost Type (HRK Million), 2011-2020
Figure 5: Croatian Construction Output by Activity Type (HRK Million), 2011-2020
Figure 6: Croatian Construction Value Add by Project Type (HRK Million), 2011-2020
Figure 7: Croatian Commercial Construction Output by Project Type (HRK Million), 2011-2020
Figure 8: Croatian Commercial Construction Output by Cost Type (HRK Million), 2011-2020
Figure 9: Croatian Commercial Construction Output by Activity Type (HRK Million), 2011-2020
Figure 10: Croatian Commercial Construction Value Add by Project Type (HRK Million), 2011-2020
Figure 11: Croatian Industrial Construction Output by Project Type (HRK Million), 2011-2020
Figure 12: Croatian Industrial Construction Output by Cost Type (HRK Million), 2011-2020
Figure 13: Croatian Industrial Construction Output by Activity Type (HRK Million), 2011-2020
Figure 14: Croatian Industrial Construction Value Add by Project Type (HRK Million), 2011-2020
Figure 15: Croatian Infrastructure Construction Output by Project Type (HRK Million), 2011-2020
Figure 16: Croatian Infrastructure Construction Output by Cost Type (HRK Million), 2011-2020
Figure 17: Croatian Infrastructure Construction Output by Activity Type (HRK Million), 2011-2020
Figure 18: Croatian Infrastructure Construction Value Add by Project Type (HRK Million), 2011-2020
Figure 19: Croatian Energy and Utilities Construction Output by Project Type (HRK Million), 2011-2020
Figure 20: Croatian Energy and Utilities Construction Output by Cost Type (HRK Million), 2011-2020
Figure 21: Croatian Energy and Utilities Construction Output by Activity Type (HRK Million), 2011-2020
Figure 22: Croatian Energy and Utilities Construction Value Add by Project Type (HRK Million), 2011-2020
Figure 23: Croatian Institutional Construction Output by Project Type (HRK Million), 2011-2020
Figure 24: Croatian Institutional Construction Output by Cost Type (HRK Million), 2011-2020
Figure 25: Croatian Institutional Construction Output by Activity Type (HRK Million), 2011-2020
Figure 26: Croatian Institutional Construction Value Add by Project Type (HRK Million), 2011-2020
Figure 27: Croatian Residential Construction Output by Project Type (HRK Million), 2011-2020
Figure 28: Croatian Residential Construction Output by Cost Type (HRK Million), 2011-2020
Figure 29: Croatian Residential Construction Output by Activity Type (HRK Million), 2011-2020
Figure 30: Croatian Residential Construction Value Add by Project Type (HRK Million), 2011-2020

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