Construction in Belarus - Key Trends and Opportunities to 2017

Construction in Belarus - Key Trends and Opportunities to 2017

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The Belarusian construction industry posted a compound annual growth rate (CAGR) of 30.93% during the review period (2008-2012). This growth was largely due to government efforts to liberalize the economy, develop an investment climate, modernize the country's transport and logistics infrastructure, meet the rising demand for commercial and retail space, and construct a large volume of new homes. Industry growth is expected to remain strong over the forecast period (2013-2017), as a result of the government's focus on infrastructure and residential construction. Consequently, the industry output is expected to post a CAGR of 21.15% over the forecast period.

Key Highlights
  • The Belarusian economy is expected to grow in the range of 2.5-3.3% during 2014-2016, constrained by high interest rates and weak investment growth on the back of a volatile exchange rate and limited exports. Over 2017-2018, the country's average GDP growth is projected to measure 3.7%, as domestic and external economic situations improve.
  • Construction is one of the most attractive and fastest-growing sectors in the Belarusian economy due to government initiatives to modernize infrastructure, build affordable homes and meet the demand for commercial space.
  • The Belarusian government is actively promoting the development of the construction industry in a move to support economic growth, maintain employment levels and help improve living conditions. Residential construction is being fostered in pursuit of these objectives, and, as a result, the total floor space of housing completed during the first nine months of 2013 stood at 3.7 million m2, compared to 3.4 million m2 during the same period in 2012, representing an annual increase of 8.8%.
  • In order to improve transport services during the 2014 IIHF World Championship, the Belarusian government is focusing on rail infrastructure development. The need for improved transport systems will lead to transport infrastructure improvements over the forecast period.
  • Belarusian President Alexander Lukashenko, announced in May 2013 that the government would be launching a mass construction of rental housing. However, while this initially appeared as the government's attempt to address the housing shortage problem, it was in fact aimed at generating further incomes for the regional government's budget. This, along with the government facing financing issues, helps to explain why most of the 2013 construction plans for rental housing will not be completed. Despite this, the government announced in December 2013 that it intends to construct 2.5 million m2 of affordable houses in 2014. Moreover, the government also proposed to increase its 2014 budget spending on the housing construction to BYR46.9 trillion, an increase of 25% over 2013's budget. Overall, the government's rental housing program is expected to contribute to the growth in residential construction over the forecast period.
Scope

This report provides a comprehensive analysis of the Construction industry in Belarus:
  • Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Belarus using the construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, 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
  • Assessment of the competitive environment using Porter's Five Forces
  • Detailed profiles of the leading construction companies in Belarus
Reasons to Purchase
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level via 600+ time series data forecasts
  • Understand the latest industry and market trends
  • Formulate & validate business strategies by leveraging our critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors


Table of Contents

1 Executive Summary
2 Market Overview
2.1 The Domestic Economy
2.2 Key Trends and Issues
2.3 Key Construction Indicators
2.4 Benchmarking by Market Size and Growth
2.5 Price Dynamics
2.5.1 Salaries
2.5.2 Equipment
2.5.3 Materials
2.5.4 Energy
2.6 Porter's Five Forces Analysis
2.6.1 Bargaining power of suppliers - high
2.6.2 Bargaining power of buyers - medium-to-high
2.6.3 Barriers to entry - medium-to-high
2.6.4 Intensity of rivalry - high
2.6.5 Threat of substitution - low
2.7 Demographic Profile
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutional Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Iterabelstroi LLC
8.1 Iterabelstroi LLC - Company Overview
8.2 Iterabelstroi LLC - Main Services
8.3 Iterabelstroi LLC - Company Information
8.3.1 Iterabelstroi LLC - key competitors
8.3.2 Iterabelstroi LLC - key employees
9 Company Profile: Triple LLC
9.1 Triple LLC - Company Overview
9.2 Triple LLC - Main Products and Services
9.3 Triple LLC - Company Information
9.3.1 Triple LLC - key competitors
9.3.2 Triple LLC - key employees
10 Company Profile: Belinte-Roba LLC
10.1 Belinte-Roba LLC - Company Overview
10.2 Belinte-Roba LLC - Main Services
10.3 Belinte-Roba LLC - Company Information
10.3.1 Belinte-Roba LLC - key competitors
11 Company Profile: BNK Holding
11.1 BNK Holding - Company Overview
11.2 BNK Holding - Main Services
11.3 BNK Holding - Company Information
11.3.1 BNK Holding - key competitors
12 Company Profile: ITC Engineering, LLC
12.1 ITC Engineering, LLC - Company Overview
12.2 ITC Engineering, LLC - Main Services
12.3 ITC Engineering, LLC - Company Information
12.3.1 ITC Engineering, LLC - key competitors
12.3.2 ITC Engineering, LLC - key employees
13 Market Data Analysis


Companies Mentioned:

Iterabelstroi LLC, Triple LLC, Belinte-Roba LLC, BNK Holding, ITC Engineering, LLC