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Croatia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Publisher GlobalData
Published Feb 21, 2023
Length 26 Pages
SKU # GBDT17840362

Description

Croatia Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Summary

The construction industry in Croatia is estimated to have expanded by 2.3% in real terms in 2022, supported by an improvement in consumer and investor confidence, coupled with government investments in the transport and renewable energy sectors. According to the Croatian Bureau of Statistics (CBS), the construction industry's value add grew by 9.9% year-on-year (YoY) in the first nine months of 2022. Similarly, the average construction production volume index grew by 4.2% YoY in the first eleven months of that year.

The construction industry is expected to rebound at an annual average growth rate of 3.2% from 2024-27, supported by investments in transport and electricity projects. In August 2022, the European Commission reported that Croatia will receive EUR9 billion ($9.2 billion), as part of the Cohesion Policy between 2021 and 2027, to promote the economic, social and territorial cohesion, and enhance green and digital transitions. Of the total, the country will receive EUR2.6 billion ($2.7 billion) to increase energy efficiency; EUR1.7 billion ($1.73 billion) to support the economic and innovative transition of the country; EUR1 billion ($1.02 billion) to enhance regional, local, and cross-border mobility in all sectors; and EUR182.7 million ($186.6 million) to decarbonise energy-intensive industries and strengthen entrepreneurship. According to the Croatian Transport Ministry, the country has plans to invest EUR3.5 billion ($3.6 billion) in railway infrastructure by 2030. Some of the key projects that will be implemented by 2030 include a project to renovate the 229km railway line connecting the capital Zagreb with Adriatic city of Rijeka, and the 44km railway line connecting Zagreb with Karlovac. Moreover, in September 2022, the Croatian Transmission System Operator (HOPS) announced that it will invest EUR213 million ($217.5 million) on the revitalization and construction of 673km of transmission lines in the country by mid-2026.

This report provides detailed market analysis, information, and insights into the Croatian construction industry, including -
  • The Croatian construction industry's growth prospects by market, project type, and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Croatian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Croatia.It provides -
  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Croatia, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

26 Pages
1. Construction Outlook
2. Construction Industry: At-a-Glance
3. Latest News and Developments
4. Project Analytics
5. Construction Market Data
6. Risk Profile
7. About GlobalData
7.1 Definitions
7.2 CRI Methodology
List of Tables
Table 1: Construction Industry Key Data
Table 2: Croatia, Construction Output Value (Real, $ Million)
Table 3: Croatia, Construction Output Value (Nominal, EUR Million)
Table 4: GlobalData Construction Market Definitions
Table 5: Risk Dimensions
Table 6: Ratings, Scores and Definitions
List of Figures
Figure 1: Croatia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018-27
Figure 1: Croatia, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 2: Croatia, Construction Output (Real % Change), 2021-27
Figure 3: Croatia, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 4: Croatia, Construction Value Add (EUR Million, 2015 Chained Linked Prices)
Figure 5: Croatia, Total Number of Construction Permits Issued
Figure 7: Croatia, Construction Production Value Index, Seasonally Adjusted (2015=100)
Figure 6: Croatia, Total Dwellings Building Permits Issued (Number)
Figure 9: Croatia, House Price Index (2015=100)
Figure 10: Croatia, Real estate value add (EUR Million, 2015 Chained Linked Prices)
Figure 11: Croatia, Total Export (US$ Million)
Figure 12: Croatia, Manufacturing value-add (EUR Million, 2015 Chained Linked Prices)
Figure 13: Croatia, Information and Communication Value-Add (EUR Million, 2015 Chained Linked Prices)
Figure 14: Croatia, Industrial and Manufacturing Production Indices, 2015=100, Seasonally and Calendar Adjusted
Figure 15: Croatia, Industrial and Manufacturing Turnover Indices, 2015=100, Seasonally and Calendar Adjusted
Figure 16: Croatia, Retail Trade Volume Turnover Index (2015=100)
Figure 17: Croatia, Total Foreign Visitors Arrivals, In Thousands
Figure 18: Croatia, Wholesale and Retail Trade, Transportation, Storage, Accommodation and Food Service Activities Value Add (EUR Million, 2015 Chained Linked Prices)
Figure 19: Croatia, Institutional value add (EUR Million, 2015 Chained Linked Prices)
Figure 19: Croatia, Total Number of Construction Permits Issued for Institutional Buildings
Figure 19: Croatia, Total Number of Construction Permits Issued for Commercial Buildings
Figure 7: Croatia, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Croatia, Risk Summary
Figure 22: Croatia, Risk Regional Comparison

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