Construction in Belarus - Key Trends and Opportunities to 2018

Published: Nov, 2014 | Pages: 60 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis
The Belarusian construction industry posted a compound annual growth rate (CAGR) of 56.10% during the review period (2009−2013). This growth was largely due to government initiatives to improve the investment climate, develop the country’s transport and logistics infrastructure, meet rising demand for new homes, and construct commercial and retail space. Industry growth is expected to remain strong over the forecast period (2014−2018), as a result of government focus on infrastructure and residential construction. Industry output is expected to post a forecast-period CAGR of 15.07%.

Summary
This report provides detailed market analysis, information and insights into the Belarusian construction industry including:

• The Belarusian construction industry's growth prospects by market, project type and type of construction activity
• Analysis of equipment, material and service costs across each project type in Belarus
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Belarusian construction industry
• Profiles of the leading operators in the Belarusian construction industry
• Data highlights of the largest construction projects in Belarus

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

• Historical (2009–2013) and forecast (2014–2018) valuations of the construction industry in Belarus using 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
• Detailed profiles of the leading construction companies in Belarus

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 business strategies 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 Belarusian construction industry has been growing strongly, and recorded growth of 65.2% in 2012 and 77.2% in 2013 in nominal terms. However, since late 2013, construction activity has been fairly limited, with the growth rate expected to moderate to 15.6% in nominal terms at the end of 2014. According to the National Statistical Committee of the Republic of Belarus (Belstat), the index of the number of construction projects increased from 91.4 in 2012 to 104.6 in 2013. This growth was supported by government investment to improve the country’s infrastructure and build affordable homes to meet the rising demand for housing. The forecast-period outlook for construction in Belarus remains optimistic due to low unemployment rates, increasing disposable incomes, a growing population and urbanization.

• Retail buildings construction is set to remain buoyant over the forecast period, prompted by strong retail turnover. According to Belstat, the country’s total retail turnover increased to BYR142.8 trillion (US$14.3 billion) during the first half of 2014, an increase of 10.9% as compared to the same period of 2013. Non-food goods accounted for 50.5%, and food goods accounted for 49.5% of retail turnover in the first-half of 2014. In terms of sector, retail trade organizations accounted for 81.1% of turnover, valuing BYR115.8 trillion (US$11.6 billion), while shopping centers accounted for 18.9%, valuing BYR27.0 trillion (US$2.7 billion). This trend will support the growth of retail buildings construction over the forecast period.

• In 2010, the government proposed the Energy Strategy to 2020 to develop the country’s energy potential by 2020. The strategy’s main purpose is to reduce dependence on Russia as an energy supplier. Through the current strategy (2011−2020), the government is aiming to provide environmentally friendly energy and has set a target to meet energy demand of 39.3 billion kilowatts per hour (kW/h) in 2015 and 41.8 billion kW/h in 2020 through electricity generation. 

• The government has allocated considerable sums for social spending as part of its 2014 national budget, amounting to BYR42.1 trillion (US$4.2 billion), which includes BYR18.2 trillion (US$1.8 billion) for education in the first half of 2014. As a result, the number of enrolments in secondary education rose from 928,200 in 2012−2013 to 931,300 in 2013−2014, while the number of specialized secondary institutions rose from 225 in 2012−2013 to 231 in 2013−2014. 

• The government is introducing various housing-construction measures to attract investors, developers and the wider population. In June 2014, the government signed Decree no. 270, which aims to optimize the cost of residential construction and determine fair prices for both the population and developers. Under the contract, the price of a housing unit and the size of a subsidized loan will be determined by taking into account the price of 1m2; municipal construction companies will be project owners.

 Table of Contents
1 Executive Summary

2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth

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: BNK Holding
8.1 BNK Holding – Company Overview
8.2 BNK Holding – Main Services
8.3 BNK Holding – Company Information
8.3.1 BNK Holding – key competitors
8.3.2 BNK Holding – key employee

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: ITC Engineering, LLC
10.1 ITC Engineering, LLC – Company Overview
10.2 ITC Engineering, LLC – Main Services
10.3 ITC Engineering, LLC – Company Information
10.3.1 ITC Engineering, LLC – key competitors
10.3.2 ITC Engineering, LLC – key employees

11 Company Profile: Belinte-Roba LLC
11.1 Belinte-Roba LLC – Company Overview
11.2 Belinte-Roba LLC – Main Services
11.3 Belinte-Roba LLC – Company Information
11.3.1 Belinte-Roba LLC – key competitors

12 Company Profile: Iterabelstroi LLC
12.1 Iterabelstroi LLC – Company Overview
12.2 Iterabelstroi LLC – Main Services
12.3 Iterabelstroi LLC – Company Information
12.3.1 Iterabelstroi LLC – key competitors

13 Market Data Analysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutional Construction
13.5.1 Institutional construction output by project type
13.5.2 Institutional construction output by cost type
13.5.3 Institutional construction output by activity type
13.5.4 Institutional construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type

14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric’s Services
14.8 Disclaimer

List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 – Patio – Mogilev Multifunctional Shopping Center – Belarus
Table 3: Commercial Construction Project 2 – Detskoselsky – Ezerische Logistics Center Development – Vitebsk
Table 4: Commercial Construction Project 3 – GAZP – Slonim Water Sports Complex – Belarus
Table 5: Industrial Construction Project 1 – Sinomach/GoB – Minsk Velikiy Kamen Industrial Park – Belarus
Table 6: Industrial Construction Project 2 – Slavkaly – Luban Potash Production Plant – Minsk
Table 7: Industrial Construction Project 3 – GMC – Lubanski Belarukali Potash Production Plant – Minsk Oblast
Table 8: Infrastructure Construction Project 1 – RUE Mogilevavtodor – M-5/E271 Minsk-Gomel Highway Upgrade – Belarus
Table 9: Infrastructure Construction Project 2 – MOTRF/MOTC – Minsk-Moscow High-Speed Train – Belarus
Table 10: Infrastructure Construction Project 3 – MoTC – Minsk National Airport Reconstruction – Belarus
Table 11: Institutional Construction Project 1 – GOB – Nursing Homes Development – Belarus
Table 12: Institutional Construction Project 2 – GCC – Gomel Regional Children Hospital – Belarus
Table 13: Residential Construction Project 1 – UnivestStroyInvest – Kolodishchi Nottingham Residential Complex – Minsk
Table 14: Residential Construction Project 2 – Triple – Masheroff-Park Residential Complex – Minsk
Table 15: Residential Construction Project 3 – Astra Invest – Vivaldi Residential and Business Complex – Minsk
Table 16: BNK Holding, Key Facts
Table 17: BNK Holding, Main Services
Table 18: BNK Holding, Key Employee
Table 19: Triple LLC, Key Facts
Table 20: Triple LLC, Main Products and Services
Table 21: Triple LLC, Key Employees
Table 22: ITC Engineering, LLC, Key Facts
Table 23: ITC Engineering, LLC, Main Services
Table 24: ITC Engineering, LLC, Key Employees
Table 25: Belinte-Roba LLC, Key Facts
Table 26: Belinte-Roba LLC, Main Services
Table 27: Iterabelstroi LLC, Key Facts
Table 28: Iterabelstroi LLC, Main Services
Table 29: Belarusian Construction Output by Project Type (BYR Million), 2009–2013
Table 30: Belarusian Construction Output by Project Type (BYR Million), 2013–2018
Table 31: Belarusian Construction Output by Cost Type (BYR Million), 2009–2013
Table 32: Belarusian Construction Output by Cost Type (BYR Million), 2013–2018
Table 33: Belarusian Construction Output by Activity Type (BYR Million), 2009–2013
Table 34: Belarusian Construction Output by Activity Type (BYR Million), 2013–2018
Table 35: Belarusian Construction Value Add by Project Type (BYR Million), 2009–2013
Table 36: Belarusian Construction Value Add by Project Type (BYR Million), 2013–2018
Table 37: Belarusian Commercial Construction Output by Project Type (BYR Million), 2009–2013
Table 38: Belarusian Commercial Construction Output by Project Type (BYR Million), 2013–2018
Table 39: Belarusian Commercial Construction Output by Cost Type (BYR Million), 2009–2013
Table 40: Belarusian Commercial Construction Output by Cost Type (BYR Million), 2013–2018
Table 41: Belarusian Commercial Construction Output by Activity Type (BYR Million), 2009–2013
Table 42: Belarusian Commercial Construction Output by Activity Type (BYR Million), 2013–2018
Table 43: Belarusian Commercial Construction Value Add by Project Type (BYR Million), 2009–2013
Table 44: Belarusian Commercial Construction Value Add by Project Type (BYR Million), 2013–2018
Table 45: Belarusian Industrial Construction Output by Project Type (BYR Million), 2009–2013
Table 46: Belarusian Industrial Construction Output by Project Type (BYR Million), 2013–2018
Table 47: Belarusian Industrial Construction Output by Cost Type (BYR Million), 2009–2013
Table 48: Belarusian Industrial Construction Output by Cost Type (BYR Million), 2013–2018
Table 49: Belarusian Industrial Construction Output by Activity Type (BYR Million), 2009–2013
Table 50: Belarusian Industrial Construction Output by Activity Type (BYR Million), 2013–2018
Table 51: Belarusian Industrial Construction Value Add by Project Type (BYR Million), 2009–2013
Table 52: Belarusian Industrial Construction Value Add by Project Type (BYR Million), 2013–2018
Table 53: Belarusian Infrastructure Construction Output by Project Type (BYR Million), 2009–2013
Table 54: Belarusian Infrastructure Construction Output by Project Type (BYR Million), 2013–2018
Table 55: Belarusian Infrastructure Construction Output by Cost Type (BYR Million), 2009–2013
Table 56: Belarusian Infrastructure Construction Output by Cost Type (BYR Million), 2013–2018
Table 57: Belarusian Infrastructure Construction Output by Activity Type (BYR Million), 2009–2013
Table 58: Belarusian Infrastructure Construction Output by Activity Type (BYR Million), 2013–2018
Table 59: Belarusian Infrastructure Construction Value Add by Project Type (BYR Million), 2009–2013
Table 60: Belarusian Infrastructure Construction Value Add by Project Type (BYR Million), 2013–2018
Table 61: Belarusian Institutional Construction Output by Project Type (BYR Million), 2009–2013
Table 62: Belarusian Institutional Construction Output by Project Type (BYR Million), 2013–2018
Table 63: Belarusian Institutional Construction Output by Cost Type (BYR Million), 2009–2013
Table 64: Belarusian Institutional Construction Output by Cost Type (BYR Million), 2013–2018
Table 65: Belarusian Institutional Construction Output by Activity Type (BYR Million), 2009–2013
Table 66: Belarusian Institutional Construction Output by Activity Type (BYR Million), 2013–2018
Table 67: Belarusian Institutional Construction Value Add by Project Type (BYR Million), 2009–2013
Table 68: Belarusian Institutional Construction Value Add by Project Type (BYR Million), 2013–2018
Table 69: Belarusian Residential Construction Output by Project Type (BYR Million), 2009–2013
Table 70: Belarusian Residential Construction Output by Project Type (BYR Million), 2013–2018
Table 71: Belarusian Residential Construction Output by Cost Type (BYR Million), 2009–2013
Table 72: Belarusian Residential Construction Output by Cost Type (BYR Million), 2013–2018
Table 73: Belarusian Residential Construction Output by Activity Type (BYR Million), 2009–2013
Table 74: Belarusian Residential Construction Output by Activity Type (BYR Million), 2013–2018
Table 75: Belarusian Residential Construction Value Add by Project Type (BYR Million), 2009–2013
Table 76: Belarusian Residential Construction Value Add by Project Type (BYR Million), 2013–2018
Table 77: Timetric Construction Market Definitions

List of Figures
Figure 1: Growth Matrix for Construction Output in Belarus (%), 2009–2018
Figure 2: Benchmarking with Other Major Construction Industries (%), 2009–2018
Figure 3: Belarusian Commercial Construction Output (US$ Million), 2009–2018
Figure 4: Belarusian Industrial Construction Output (US$ Million), 2009–2018
Figure 5: Belarusian Infrastructure Construction Output (US$ Million), 2009–2018
Figure 6: Belarusian Institutional Construction Output (US$ Million), 2009–2018
Figure 7: Belarusian Residential Construction Output (US$ Million), 2009–2018
Figure 8: Belarusian Construction Output by Project Type (BYR Million), 2009–2018
Figure 9: Belarusian Construction Output by Cost Type (BYR Million), 2009–2018
Figure 10: Belarusian Construction Output by Activity Type (BYR Million), 2009–2018
Figure 11: Belarusian Construction Value Add by Project Type (BYR Million), 2009–2018
Figure 12: Belarusian Commercial Construction Output by Project Type (BYR Million), 2009–2018
Figure 13: Belarusian Commercial Construction Output by Cost Type (BYR Million), 2009–2018
Figure 14: Belarusian Commercial Construction Output by Activity Type (BYR Million), 2009–2018
Figure 15: Belarusian Commercial Construction Value Add by Project Type (BYR Million), 2009–2018
Figure 16: Belarusian Industrial Construction Output by Project Type (BYR Million), 2009–2018
Figure 17: Belarusian Industrial Construction Output by Cost Type (BYR Million), 2009–2018
Figure 18: Belarusian Industrial Construction Output by Activity Type (BYR Million), 2009–2018
Figure 19: Belarusian Industrial Construction Value Add by Project Type (BYR Million), 2009–2018
Figure 20: Belarusian Infrastructure Construction Output by Project Type (BYR Million), 2009–2018
Figure 21: Belarusian Infrastructure Construction Output by Cost Type (BYR Million), 2009–2018
Figure 22: Belarusian Infrastructure Construction Output by Activity Type (BYR Million), 2009–2018
Figure 23: Belarusian Infrastructure Construction Value Add by Project Type (BYR Million), 2009–2018
Figure 24: Belarusian Institutional Construction Output by Project Type (BYR Million), 2009–2018
Figure 25: Belarusian Institutional Construction Output by Cost Type (BYR Million), 2009–2018
Figure 26: Belarusian Institutional Construction Output by Activity Type (BYR Million), 2009–2018
Figure 27: Belarusian Institutional Construction Value Add by Project Type (BYR Million), 2009–2018
Figure 28: Belarusian Residential Construction Output by Project Type (BYR Million), 2009–2018
Figure 29: Belarusian Residential Construction Output by Cost Type (BYR Million), 2009–2018
Figure 30: Belarusian Residential Construction Output by Activity Type (BYR Million), 2009–2018
Figure 31: Belarusian Residential Construction Value Add by Project Type (BYR Million), 2009–2018