Summary
Prior to the Coronavirus (COVID-19) outbreak, the Croatian construction sector posted growth of 8% for 2019 in real terms. Although the disruptions caused by the COVID-19 outbreak and the subsequent lockdown measures have affected the industry, construction activity in Croatia has not been as severely affected as major markets across the region. According to the Croatian Bureau of Statistics (CBS), the Croatian construction industry’s growth decelerated to just 0.3% year on year (YoY) in the second quarter of 2020, but it recovered quickly in Q3 2020, with a Y-o-Y growth of 5.3% that period.
Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts the construction industry growth to decelerate to 3.9% in 2020. Following the second wave of the COVID-19 outbreak, the government re-imposed new lockdown restrictions, with the closure of non-essential businesses from November until 25th December. However, construction sites and factories were exempted from the new lockdown measures imposed in November.
Over the remaining part of the forecast period, the industry’s output will be supported by government measures to contain the impact of the outbreak on the manufacturing sector, and support for businesses to cope with the outbreak by providing guarantees on loans. On 1st December 2020, the government announced plans to spend HRK2.1 billion (US$317 million) to protect organisations impacted from the second wave of the COVID-19 outbreak.
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 (2015-2019) and forecast (2020-2024) 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.
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Table of Contents
1 Executive Summary
2 Construction Industry: At-a-glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 GlobalData Construction
List of Tables
Table 1: Construction Industry Key Data
Table 2: Croatia, Key Economic Indicators
Table 3: Croatia, Commercial Construction Output by Project Type (real % change), 2015-2024
Table 4: Croatia, Top Commercial Construction Projects by Value
Table 5: Croatia, Industrial Construction Output by Project Type (real % change), 2015-2024
Table 6: Croatia, Top Industrial Construction Projects by Value
Table 7: Croatia, Infrastructure Construction Output by Project Type (real % change), 2015-2024
Table 8: Croatia, Top Infrastructure Construction Projects by Value
Table 9: Croatia, Energy and Utilities Construction Output by Project Type (real % change), 2015-2024
Table 10: Croatia, Top Energy and Utilities Construction Projects by Value
Table 11: Croatia, Institutional Construction Output by Project Type (real % change), 2015-2024
Table 12: Croatia, Top Institutional Construction Projects by Value
Table 13: Croatia, Residential Construction Output by Project Type (real % change), 2015-2024
Table 14: Croatia, Top Residential Construction Projects by Value
Table 15: Croatia, Key Contractors
Table 16: Croatia, Key Consultants
Table 17: Croatia, Construction Output Value (Real, US$ Million)
Table 18: Croatia, Construction Output Value (Nominal, HRK Million)
Table 19: GlobalData Construction Market Definitions
List of Figures
Figure 1: Eastern Europe, Construction Output (real % change), 2020
Figure 2: Croatia, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Croatia, COVID-19 Confirmed Cases
Figure 4: Croatia, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate), 2015-2024
Figure 5: Croatia, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: Croatia, Total Building Permits (Unit, Number)
Figure 7: Croatia, Construction Value-Add (HRK Million, 2015 chained prices)
Figure 8: Croatia, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 9: Croatia, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 10: Croatia, Tourist Arrivals (Number, Thousand)
Figure 11: Croatia, Retail Turnover Trade Index (2015=100)
Figure 12: Croatia, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 13: Croatia, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 14: Croatia, Industrial Production Index (2015=100)
Figure 15: Croatia, Total Export Value (HRK Million)
Figure 16: Croatia, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 17: Croatia, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: Croatia, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 19: Croatia, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 20: Croatia, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 21: Croatia, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 22: Croatia, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 23: Croatia, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 24: Croatia, Number of Residential Permit Issued (Unit, Number)
Figure 25: Croatia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 26: Croatia, Headquarters of Key Consultants (% of Total Project Pipeline)
