Slovenia Construction Market Analysis, Trends and Forecast Report 2022: Outlook in 2022 Faces Significant Downside Risks from Russia’s Invasion of Ukraine – Forecasts through 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Slovenia Construction Market Size, Trends and Forecast by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to from ResearchAndMarkets.com offer.
The Slovenian construction industry grew by 2.8% in real terms in 2021, following an annual decline of 2% in 2020, supported by improving broader economic activity, favorable external demand, increased investor confidence and an increase in building permits.
Although it remained stable during the first three quarters of last year, construction activity slowed in the last quarter of 2021, due to the impact of restrictions imposed amid a severe epidemic of the Omicron variant of the coronavirus (COVID-19) at the end of October 2021. According to the National Statistical Office of Slovenia (SURS), the construction sector grew slightly by 0.4% year-on-year (YoY) in the fourth quarter of 2021, preceded by year-on-year growth rates of 2.5% in Q3 and 8.7% in Q2 2021.
The editor expects the construction sector to register an expansion of 1.9% in 2022, before registering an average annual growth rate of 2.8% between 2023 and 2026, supported by investments in transport and energy projects. Under the Recovery and Resilience Facility (RRF), the country will receive financial support of 2.5 billion euros ($3 billion) until 2026.
Slovenia plans to use 230 million euros ($274.8 million) to fund large-scale renovation programs aimed at increasing the energy efficiency of public buildings, including schools. The government also plans to allocate 292 million euros ($348.8 million) to the country’s rail transport sector to modernize congested rail lines, digitize rail infrastructure and renovate stations, to increase capacity. , speed and safety of rail transport.
The outlook for the industry in 2022, however, faces significant downside risks due to Russia’s invasion of Ukraine, which is exacerbating cost inflation and undermining improving investor confidence. Soaring commodity prices and shortages are likely to cause project delays as procurement becomes more difficult and costly, while higher overall project costs, coupled with rising consumer inflation, should dampen new investment in the industry in the short term.
In the longer term, the industry’s growth will also be supported by a recovery in economic conditions, coupled with investments in residential, institutional and water infrastructure projects. In its 2022-23 budget, the government has allocated 352 million euros ($420.5 million) for transport and transport infrastructure, while 115 million euros ($137.4 million) is to be allocated to health and education.
Additionally, in September 2021, the National Assembly approved an investment of 1.9 billion euros ($2.3 billion) in healthcare facilities from 2021 to 2031. To support improved living conditions in urban and rural areas, in November 2021, the Council of Europe Bank (CEB) approved a €50 million ($59.7 million) loan to the Slovenian Export and Development Bank ( SID Banka).
This loan will be used to develop urban and rural public infrastructure, improve public services, provide access to social and affordable housing and promote energy efficiency initiatives
Historical (2017-2021) and forecast (2022-2026) assessments of the construction sector in Slovenia, with details on the main growth drivers.
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Megaproject pipeline analysis, including development stage breakdowns across all sectors, and projected spending for projects in the existing pipeline.
Lists of major projects, plus details of major contractors and consultants
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Identify and evaluate market opportunities using the publisher’s standardized valuation and forecasting methodologies.
Evaluate market growth potential at the micro level with over 600 time series data forecasts.
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Formulate and validate strategy using critical and actionable insights from the publisher.
Assess business risks, including costs, regulatory and competitive pressures.
Assess competitive risks and success factors.
Main topics covered:
1. Construction prospects
2. Construction industry: at a glance
3. Latest news and developments
4. Project analysis
5. Construction market data
6. Risk profile
For more information on this report, visit https://www.researchandmarkets.com/r/y902w6