Estonia Infrastructure Report

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Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Estonia Infrastructure Report
Product Price
$1,295.00

BMI View: A return to positive growth in Estonia's construction and infrastructure industry is forecast for 2016, before holding fairly robust momentum over the next decade. Hot spots can be found in residential building, al though a housing bubble may be on the horizon, while EU transport and energy interconnectivity projects are seeing focused investment across the Baltics. Financing may be an issue given the small size of the market and the only tentative recovery in Estonia's external demand picture, al though private consumption will remain resilient in the short term .

Latest Updates And Structural Trends

  • Positive growth will return to the Estonian construction industry in 2016, with a confident 4.7% rebound after three years of recession.

  • We see the residential and non-residential sector only growing in dominance as a percentage of total construction value over our forecast period, rising from 63.9% in 2015 to 73.7% in 2024.

  • Despite projects gaining momentum, Estonia's energy infrastructure sector will grow only moderately over the next decade, averaging 1.8% growth annually to 2024, when its value will amount to EUR300mn (USD406mn).

  • Transport infrastructure will contribute 47% to total infrastructure value in 2016 at EUR210mn (USD215mn), before falling to 45.2% in 2024 and a total of EUR280mn (USD330mn).

Infrastructure - Construction Industry Forecasts (Estonia 2015-2021)
2015f 2016f 2017f 2018f 2019f 2020f 2021f
f = BMI forecast. Source: Statistics Estonia, BMI
Construction Industry Value, Real Growth, % y-o-y 3.54 4.74 4.82 4.09 3.23 2.96 2.93
Construction Industry Value, % of GDP 6.4 6.5 6.6 6.7 6.7 6.7 6.7
Construction industry value, EURbn 1.26 1.35 1.45 1.55 1.65 1.75 1.85

Risk/Reward Index

Estonia, a low risk, high reward country in our Central and Eastern European RRI, has moved to the top of the table, although this has more to do with the movements of other nations and its rating is flattered by the high ratio of government spending as a percentage of GDP and the strong macro-fundamentals. However, in view of the country's small size, scope for further growth is also relatively limited, which has prompted local companies to shift focus abroad.

Infrastructure Risk Reward Index (Estonia 2015-2015)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
65.7 62.7 55.0 77.1 72.7 75.0 71.2
BMI Industry View
7
SWOT
9
Industry Forecast
10
Infrastructure And Construction Forecast Scenario
10
Industry Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Estonia 2013-2018)
10
Table: Construction And Infrastructure Industry Data (Estonia 2019-2024)
11
Transport Infrastructure - Outlook And Overview
15
Table: Transport Infrastructure Industry Data (Estonia 2013-2018)
15
Table: Transport Infrastructure Industry Data (Estonia 2019-2024)
16
Transport Infrastructure Outlook And Overview
17
Major Projects Table - Transport
23
Table: Major Projects - Transport
23
Energy And Utilities - Outlook And Overview
23
Table: Energy And Utilities Infrastructure Data (Estonia 2013-2018)
23
Table: Energy And Utilities Infrastructure Data (Estonia 2019-2024)
25
Energy and Utilities Infrastructure Outlook and Overview
25
Major Projects Table - Energy & Utilities
30
Table: Major Projects - Energy and Utilities
30
Residential/Non-Residential Building - Outlook And Overview
31
Table: Residential And Non-Residential Building Industry Data (Estonia 2013-2018)
31
Table: Residential And Non-Residential Building Industry Data (Estonia 2019-2024)
31
Residential/Non-Residential Construction Forecast Scenario
32
Industry Risk Reward Ratings
34
Estonia Infrastructure Risk Reward Index
34
Risk/Rewards Index
34
Rewards
34
Risks
34
Central And Eastern Europe - Infrastructure Risk/Reward Index
35
Limited Access To Funding
39
Table: Central And Eastern Europe Risk Reward Index
40
Market Overview
41
Company Profile
42
Merko
42
Global Infrastructure Overview
44
Global Industry Overview
44
Table: Construction Industry Value, Real Terms, % Change
45
Table: BMI's Top 5 Markets
49
Methodology
51
Industry Forecast Methodology
51
Sector-Specific Methodology
52
Risk/Reward Index Methodology
56
Sector-Specific Methodology
57
Table: Infrastructure Risk/Reward Index Indicators
57
Table: Weighting Of Indicators
58

The Estonia Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Estonia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Estonian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Estonia to test other views - a key input for successful budgetary and planning in the Estonian infrastructure market.
  • Target business opportunities and risks in the Estonian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Estonia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.