Croatia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)
Description
Croatia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)
Summary
GlobalData estimates that the construction industry in Croatia to grow in real terms by 9.6% in 2024, supported by the government’s investment in transport infrastructure projects, coupled with an increase in new construction orders and total number of permits issued in the country. According to the Croatian Bureau of Statistics (CBS), the value of new construction orders rose by 14.9% year on year (YoY) in H1 2024, preceded by an annual growth of 25% YoY in 2023. Over the remainder of the forecast period, the construction industry in Croatia is expected to grow at an annual average rate of 2.4% in real terms from 2025 to 2028, supported by public and private sector investments in renewable energy, transport, hospitality and liquefied natural gas (LNG) infrastructure projects.
In June 2024, the Council of Europe Development Bank (CEB) approved EUR250 million ($265 million) program loan to support the export credit Bank of Croatia, Croatian Bank for Reconstruction and Development (HBOR), with a focus on Croatia’s less developed regions. The loan will be used to improve local and regional social infrastructure and foster economic development by creating jobs and enhancing the micro, small, and medium-sized enterprises (MSMEs). Furthermore, in July 2024, the European Investment Bank (EIB) announced an investment of EUR207 million ($219.4 million) for the upgradation of infrastructure within the City of Zagreb. This is the first loan agreement between the EIB and Zagreb, which is part of a larger EUR395 million ($418.7 million) framework loan planned for the next five years. The funding is expected to support projects in renewable energy, energy efficiency, affordable housing, schools, and public transport
GlobalData’s Construction in Croatia - Country Briefing (H2 2024) report provides detailed market analysis, information and insights into Croatia's construction industry, including -
- Croatia's 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 Croatia's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
This report provides a comprehensive analysis of the construction industry in Croatia. It provides -
- Historical (2019-2023) and forecast (2024-2028) 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
- Identify and evaluate market opportunities using our 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 business strategies 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
28 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Croatia, Top Construction Projects by Value
- Table 3: Croatia, Construction Output Value (Real, $ Million)
- Table 4: Croatia, Construction Output Value (Nominal, EUR Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Croatia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 2: Croatia, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 3: Eastern Europe, Construction Output (Real % Change), 2022-28
- Figure 4: Croatia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 5: Croatia, Construction Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 6: Croatia, Total Number of Construction Permits Issued
- Figure 7: Croatia, Construction Production Volume Index, Seasonally Adjusted (2021 = 100)
- Figure 8: Croatia, Value of New Construction Orders Index (% Change, YoY)
- Figure 9: Croatia, Total Dwellings Building Permits Issued (Number)
- Figure 10: Croatia, House Price Index (2015=100)
- Figure 11: Croatia, Real estate Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 12: Croatia, Institutional Total Number of Construction Permits Issued
- Figure 13: Croatia, Commercial Total Number of Construction Permits Issued
- Figure 14: Croatia, Total Export ($ Million)
- Figure 15: Croatia, Manufacturing Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 16: Croatia, Information and Communication Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 17: Croatia, Industrial and Manufacturing Production Indices, 2021=100, Seasonally and Calendar Adjusted
- Figure 18: Croatia, Retail Trade Volume Turnover Index (2021=100)
- Figure 19: Croatia, Total Foreign Visitors Arrivals, In Thousands
- Figure 20: Croatia, Wholesale and Retail Trade, Transportation, Storage, Accommodation and Food Service Activities Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 21: Croatia, Institutional Value Add (EUR Million, 2021 Chained Linked Prices)
- Figure 22: Croatia , Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Croatia, Risk Summary
- Figure 24: Croatia, Risk Regional Comparison
Pricing
Currency Rates
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