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

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

Summary

GlobalData has revised down its forecast for the Belarusian construction industry in 2023 - with the industry now expected to contract by 1.1% in real terms in 2023, compared to an earlier estimate of marginal 0.5% growth. This downward revision is attributed to the continued weakness in the industry in the first three quarters of 2022, amid rising inflation and construction costs. Moreover, the continued sanctions imposed by the European Union (EU) and major developed countries as a result of supporting Russia's invasion of Ukraine and facilitating human rights violations will also weigh on the industry's output over the short to medium term.

Over the remainder of the forecast period, the construction industry is expected to expand by an annual average rate of 4.8% during 2024-27, supported by government investments in road networks, housing, and renewable energy projects, coupled with the development of regional infrastructure projects. The industry's output is also expected to be supported by the government's plans to invest in the country's infrastructure under the National Infrastructure Plan for 2016-30. The plan entails an investment of BYN46.7 billion ($17.5 billion) in housing and utilities infrastructure, BYN46.5 billion ($17.4 billion) in transport infrastructure, and BYN6.9 billion ($2.6 billion) in energy infrastructure between 2021-30.

The 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 construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Belarusian 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 Belarus. It provides -

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Belarus, 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.