Latvia Infrastructure Report

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
×

Sign up to download the Latvia Infrastructure Report

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.

Latvia Infrastructure Report
Product Price
$1,295.00

BMI View: D eteriorating relations between the EU and Russia, and Russia's subsequent recession, had a sharp knock-on effect in Latvia's construction industry, which had been performing strongly until 2015 . The next decade will be characterised by muted , but steady growth, unlike the previous decade, as slowly improving economic fundamentals drive fuel investment, alongside EU funding for regional energy and transport interconnectivity projects.

Latest Updates And Structural Trends

  • We see industry growth falling significantly off pace to 5.4% in 2015, before rebounding softly to 6.0% in 2016, then averaging over 4% between 2015-2024, ending with a value of EUR2.4bn.

  • On November 24 2015, three grant agreements for the Rail Baltica project worth EUR734mn were signed by the EU's Innovation & Networks Executive Agency in Tallinn. The grants were awarded under the CEF and cover planning and construction works to be completed by 2020.

  • The energy infrastructure sector faces a period of muted growth y-o-y between 2015 and 2024 as pressure on investments remains intense.

Infrastructure - Construction Industry Forecasts (Latvia 2015-2021)
2015f 2016f 2017f 2018f 2019f 2020f 2021f
f = BMI forecast. Source: Latvia Statistics, BMI
Construction Industry Value, Real Growth, % y-o-y 5.48 6.05 6.08 4.86 4.77 4.70 4.66
Construction Industry Value, % of GDP 6.5 6.6 6.7 6.8 6.9 7.0 7.1
Construction industry value, EURbn 1.56 1.69 1.84 1.99 2.13 2.29 2.45

Risk/Reward Index

Latvia remains fifth place in our Risk/Reward Index (RRI) for Central and Eastern Europe (CEE). Its overall score of 60.0 points makes it a regional outperformer, with the CEE average only 54.0. However, we believe much of its favourable ranking is indicative of the weaknesses in Europe's construction sector, rather than a reflection of its growth potential.

Infrastructure Risk Reward Index (Latvia 2015-2015)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
60.0 58.8 52.5 70.4 62.8 70.0 58.1
BMI Industry View
7
Latest Updates And Structural Trends
7
Table: Infrastructure - Construction Industry Forecasts (Latvia 2015-2021)
7
Table: Infrastructure Risk Reward Index (Latvia 2015-2015)
8
SWOT
9
Infrastructure SWOT
9
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Latest Updates
10
Table: Construction And Infrastructure Industry Data (Latvia 2015-2025)
10
Structural Trends
10
Transport Infrastructure - Outlook And Overview
13
Industry Forecast Scenario
13
Latest Updates
13
Table: Transport Infrastructure Industry Data (Latvia 2020-2025)
13
Structural Trends
13
Sea And River
18
Table: Major Projects - Transport
20
Energy And Utilities Infrastructure - Outlook And Overview
21
Industry Forecast Scenario
21
Latest Updates
21
Table: Energy And Utilities Infrastructure Data (Latvia 2020-2025)
21
Structural Trends
21
Table: Major Projects - Energy And Utilities
25
Residential/Non-Residential Building - Outlook And Overview
26
Industry Forecast Scenario
26
Latest Updates
26
Table: Residential And Non-Residential Building Industry Data (Latvia 2020-2025)
26
Structural Trends
26
Industry Risk Reward Ratings
29
Latvia - Infrastructure Risk/Reward Index
29
Rewards
29
Risks
29
CEE - Infrastructure Risk/Reward Index
31
Table: Election Timetable*, Q4 2015 - Q1 2016
33
Table: Infrastructure Risk/Reward Index
37
Market Overview
38
Competitive Landscape
38
Company Profile
39
BMGS
39
Merko Ehitus
41
LEC
43
Methodology
44
Industry Forecast Methodology
44
Sector-Specific Methodology
45
Risk/Reward Index Methodology
49
Sector-Specific Methodology
50
Table: Infrastructure Risk/Reward Index Indicators
50
Table: Weighting Of Indicators
51

The Latvia 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 Latvia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Latvian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Latvia to test other views - a key input for successful budgetary and planning in the Latvian infrastructure market.
  • Target business opportunities and risks in the Latvian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Latvia.
  • 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.