Construction in Ukraine - Key Trends and Opportunities to 2023
Summary
The Ukrainian construction industry registered an annual growth of 17.5% in real terms during 2016-2018, following an average annual contraction of 16.4% during 2014-2015. The industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$10.2 billion in 2016 to US$14.0 billion in 2018; this was due to positive developments in economic conditions, and investments in transport infrastructure and energy and industrial construction projects. The industry’s output value is expected to continue to expand over the forecast period (2019-2023), with investments in infrastructure, health, education and manufacturing continuing to drive growth.
In 2018, the government approved the Drive Ukraine 2030 program in order to develop road, rail, airports and ports infrastructure across the country. For this, the government plans to invest UAH1.7 trillion (US$60.0 billion) through the public-private partnership (PPP) model. Moreover, the government plans to invest UAH310.2 billion (US$11.4 billion) to develop the country’s road infrastructure during the period of 2018-2023. The industry’s output value is expected to rise at a compound annual growth rate (CAGR) of 7.67% in real terms over the forecast period. Consequently, the industry is expected to increase from US$14.0 billion in 2018 to US$20.3 billion in 2023, measured at constant 2017 US dollar exchange rates.
The total construction project pipeline in Ukraine including all mega projects with a value above US$25 million - stands at UAH1.6 trillion (US$57.4 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 59.1% of the pipeline value being in projects in the pre-execution and execution stages as of April 2019.
Accounting for 37.3% of its total value in 2018, infrastructure construction was the largest market in the Ukrainian construction industry during the review period. The market is expected to increase in importance over the forecast period, to account for 41.6% of the industry’s total value in 2023. Residential construction accounted for 21.0% of the industry’s total output in 2018, followed by energy and utility construction with 15.2%, commercial construction with 13.1%, industrial construction with 8.3% and institutional construction with 5.0%.
Scope
Reasons to Buy
Summary
The Ukrainian construction industry registered an annual growth of 17.5% in real terms during 2016-2018, following an average annual contraction of 16.4% during 2014-2015. The industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$10.2 billion in 2016 to US$14.0 billion in 2018; this was due to positive developments in economic conditions, and investments in transport infrastructure and energy and industrial construction projects. The industry’s output value is expected to continue to expand over the forecast period (2019-2023), with investments in infrastructure, health, education and manufacturing continuing to drive growth.
In 2018, the government approved the Drive Ukraine 2030 program in order to develop road, rail, airports and ports infrastructure across the country. For this, the government plans to invest UAH1.7 trillion (US$60.0 billion) through the public-private partnership (PPP) model. Moreover, the government plans to invest UAH310.2 billion (US$11.4 billion) to develop the country’s road infrastructure during the period of 2018-2023. The industry’s output value is expected to rise at a compound annual growth rate (CAGR) of 7.67% in real terms over the forecast period. Consequently, the industry is expected to increase from US$14.0 billion in 2018 to US$20.3 billion in 2023, measured at constant 2017 US dollar exchange rates.
The total construction project pipeline in Ukraine including all mega projects with a value above US$25 million - stands at UAH1.6 trillion (US$57.4 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 59.1% of the pipeline value being in projects in the pre-execution and execution stages as of April 2019.
Accounting for 37.3% of its total value in 2018, infrastructure construction was the largest market in the Ukrainian construction industry during the review period. The market is expected to increase in importance over the forecast period, to account for 41.6% of the industry’s total value in 2023. Residential construction accounted for 21.0% of the industry’s total output in 2018, followed by energy and utility construction with 15.2%, commercial construction with 13.1%, industrial construction with 8.3% and institutional construction with 5.0%.
Scope
- This report provides a comprehensive analysis of the construction industry in Ukraine.
- Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Ukraine, 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.
Reasons to Buy
- Identify and evaluate market opportunities using 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1. EXECUTIVE SUMMARY2. CONSTRUCTION OUTLOOK: AT-A-GLANCE
3. LATEST NEWS AND INDICATORS
4. KEY DRIVERS AND RISKS
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5. CONSTRUCTION OUTLOOK
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics
6. KEY INDUSTRY PARTICIPANTS
6.1. Contractors
6.2. Consultants
7. APPENDIX
7.1. What is this Report About?
7.2. Definitions
8. ABOUT THE AUTHOR
8.1. At a Glance
8.2. Construction
8.3. Disclaimer
8.4. Contact Us
List of Tables
- Table 1: Construction Outlook
- Table 2: Ukraine, Key Economic Indicators
- Table 3: Ukraine, Construction Output Value (nominal, UAH Million)
- Table 4: Ukraine, Construction Output Value (nominal, US$ Million)
- Table 5: Ukraine, Top Commercial Construction Projects by Value
- Table 6: Ukraine, Top Industrial Construction Projects by Value
- Table 7: Ukraine, Top Infrastructure Construction Projects by Value
- Table 8: Ukraine, Top Energy and Utilities Construction Projects by Value
- Table 9: Ukraine, Top Institutional Construction Projects by Value
- Table 10: Ukraine, Top Residential and Mixed-Use Construction Projects by Value
- Table 11: Ukraine, Key Contractors
- Table 12: Ukraine, Key Consultants
- Table 13: Construction Market Definitions
- Table 14: Construction Risk Index Ratings and Scores
List of Figures
- Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
- Figure 2: Ukraine, Construction Projects Pipeline by Sector (UAH Billion)
- Figure 3: Ukraine, Residential Construction Put in Place (UAH, Million)
- Figure 4: Ukraine, Risk Profile
- Figure 5: Ukraine, Risk Comparison
- Figure 6: Ukraine, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
- Figure 7: Ukraine, Construction Output Value, Growth Matrix
- Figure 8: Ukraine, Construction Output Value, by Sector (UAH Million), 2014-2023
- Figure 9: Ukraine, Construction Projects Pipeline, Projected Annual Spending by Stage (UAH Million), 2018-2023
- Figure 10: Ukraine, Construction Projects Pipeline, Value by Stage (UAH Million)
- Figure 11: Ukraine, Commercial Construction Output by Project Type (UAH Million), 2014-2023
- Figure 12: Ukraine, Commercial Construction Projects Pipeline, Value by Stage (UAH Million)
- Figure 13: Ukraine, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (UAH Million), 2018-2023
- Figure 14: Ukraine, Industrial Construction Output by Project Type (UAH Million), 2014-2023
- Figure 15: Ukraine, Industrial Construction Projects Pipeline, Value by Stage (UAH Million)
- Figure 16: Ukraine, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (UAH Million), 2018-2023
- Figure 17: Ukraine, Infrastructure Construction Output by Project Type (UAH Million), 2014-2023
- Figure 18: Ukraine, Infrastructure Construction Projects Pipeline, Value by Stage (UAH Million)
- Figure 19: Ukraine, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (UAH Million), 2018-2023
- Figure 20: Ukraine, Energy and Utilities Construction Output by Project Type (UAH Million), 2014-2023
- Figure 21: Ukraine, Energy and Utilities Construction Projects Pipeline, Value by Stage (UAH Million)
- Figure 22: Ukraine, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (UAH Million), 2018-2023
- Figure 23: Ukraine, Institutional Construction Output by Project Type (UAH Million), 2014-2023
- Figure 24: Ukraine, Institutional Construction Projects Pipeline, Value by Stage (UAH Million)
- Figure 25: Ukraine, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (UAH Million), 2018-2023
- Figure 26: Ukraine, Residential Construction Output by Project Type (UAH Million), 2014-2023
- Figure 27: Ukraine, Residential Construction Projects Pipeline, Value by Stage (UAH Million)
- Figure 28: Ukraine, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (UAH Million), 2018-2023
- Figure 29: Ukraine, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 30: Ukraine, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
- Figure 31: Ukraine, Headquarters of Key Consultants (% of Total Project Pipeline)
- Figure 32: Ukraine, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
