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Construction sector in Russia, H2 2011Development forecasts for 2011-2014
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The report updates readers on market activity while providing a comprehensive view of Russian construction overall, and of its residential infrastructure and non residential segments. The report highlights regions within this huge market that present the greatest likelihood for growth, and describes current trends affecting the market and how they will influence development over the coming years.
Report highlights
- unique data on the Russian construction market shares: residential construction, non-residential construction and infrastructure
- current trends and forecasts for the Russian construction market as a whole and for its individual segments
- profiles of the largest market players including the latest information on their financial results and contracts won within the last few months
- forecasts for the value of construction and assembly production until 2014, broken down into residential, non-residential and civil engineering construction
- forecasts for the number of completed apartments until 2014.
Key topics covered in the report include:
Did you know...
“In Jan-Jul 2011 more than two-thirds of all Russian regions saw growth in construction activity.”
“More than 97% of construction companies in Russia are privately owned, up from 89% in 2000.”
“Russia's GDP grew by 3.8% in January-July 2011.”
“Moscow and St. Petersburg account for around a fifth of the total number of people employed in construction in Russia.”
“The ten leading federal subjects of the Russian Federation accounted for more than 55% of the total construction output.”
“Russia's road network comprises 821,000 km of public Road.”
- analysis of the construction market as a whole and interpretation of trends in salaries, volume of employment, prices, financial standing and number of construction companies
- in-depth analysis of factors with a bearing on the forecasts for the Russian construction market: macroeconomic factors, foreign investment, investments by domestic companies, cement production, government programmes, etc.
- analysis of the civil engineering market and its individual segments, plus forecasts until 2014
- analysis of the non-residential construction market and its individual segments, plus forecasts until 2014
- analysis of the residential construction market and its individual segments, plus forecasts until 2014
- overview of the largest players on the Russian construction market, along with their latest financial figures, current trends in market strategies and the newest contracts signed.
Questions answered in the report
- What is the current and future value of the Russian construction market and its individual segments?
- What is the total area of apartments to be placed in use between 2011 and 2014?
- Which regions are going to see the largest increase in the number of new construction projects in the coming years?
- What are the road construction plans until 2015?
- What is the financial standing of the biggest construction companies in Russia and what new contracts have the companies signed recently?
- How have the prices of construction materials changed recently?
- How has the number of construction companies operating on the Russian market changed recently?
- What key legal changes affecting the construction market were introduced over the last few months?
- What are the most important indicators and what are the current trends in the sub-segments of non-residential construction?
The report is most useful when...
- starting operations on the Russian construction market
- breaking into a new segment of the construction market
- effecting a merger or acquisition on the construction market
- developing corporate strategy
- analysing investment opportunities on the construction market in Russia
- monitoring competitors on the construction market
- estimating your share in the construction market
- making forecasts about the demand for construction materials
- making in-house analyses for the management or shareholders
The publication is an essential read for manufacturers and distributors of construction materials and equipment, contractors operating in Russia and foreign construction companies that make or plan to make investments in Russia. It is a great tool for consulting, research and analysis firms ad well as government institutions, embassies, universities and research institutes, chambers of commerce, trade and industry organisations, financial institutions.
Companies mentioned in this report:
Mostotrest, Transstroy, Globalstroy Engineering, Stroytransgaz, E4 Group, Mosinzhstroy, Mosmetrostroy, Mospromstroy, Engeocom, DSK Avtoban, LSR Group, Glavstroy, HeidelbergCement, Saint-Gobain, Inteco, Lafarge, PIK, Group, Gazprom Invest, Lemminkainen, Lipsanen, YIT, Renova-Stroygroup, Leader, Etalon-LenSpetsSMU
Extract from this report
- The performance of different segments of the Russian construction industry varied recently. Whereas the residential sector remains subdued, in civil engineering the projects related to the 2012 APEC Summit in Vladivostok and the 2014 Winter Olympics in Sochi have continued to be the major drivers.
- Cement consumption in Russia reached 48.8 million tonnes in 2010, an increase of approximately 13% in comparison with 2009. The positive trend is expected to continue in 2011, and cement consumption should be around 55 million tonnes.
- In H1 2011 only 153.9 km of paved roads were completed in Russia, including 100 km as new construction.
Market commentary by expert
Just as we had predicted in the previous edition of the report, the Russian construction industry has recently resumed growth, with the value of construction output up by 17.6% in July. Such vibrant growth was last seen more than three years ago during the construction boom. The upcoming months will show whether this positive trend is sustainable. However, another optimistic development has been the long-awaited recovery in residential construction, where a 19% growth was reported in July. Construction activity in the country is also being boosted by infrastructure development, particularly in the area of transport infrastructure.Robert Obetkon, Senior Construction Analyst
Request sample pages/interactive screenshare
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Methodology p. 9
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Executive summary p. 11
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Macroeconomic overview p. 19
- Gross domestic product p. 19
- Gross value added in construction p. 20
- Gross fixed capital investment p. 21
- Foreign direct investment p. 21
- Inflation p. 22
- Economic outlook p. 23
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Construction overview p. 25
- Construction output p. 25
- Construction companies p. 29
- Financial condition of construction companies p. 30
- Employment and wages p. 31
- Construction prices p. 33
- Business confidence within the construction industry p. 34
- Building materials industry overview p. 35
- Legal changes relevant to the construction market p. 38
- Forecast p. 39
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Civil engineering p. 43
- Introduction p. 43
- Roads p. 48
- Railways p. 55
- Airports p. 59
- Ports and internal waterways p. 61
- Investments in heavy industry p. 62
- Forecast p. 63
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Non-residential construction p. 65
- Introduction p. 65
- Office p. 66
- Shopping centres p. 69
- Logistics centres p. 72
- Hotels p. 74
- Forecast p. 82
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Residential construction p. 83
- Housing stock p. 83
- Housing completion p. 85
- Residential construction in the regions p. 87
- Individual residential construction p. 90
- Overview of major residential projects p. 92
- Residential construction development programme p. 96
- Housing prices p. 98
- Mortgage market p. 99
- Forecast p. 100
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Profiles of the largest contractors p. 103
- Mostotrest p. 103
- Transstroy p. 105
- Stroytransgaz p. 107
- Globalstroy Engineering p. 109
- E4 Group p. 111
- Mospromstroy p. 113
- Mosmetrostroy p. 114
- DSK Avtoban p. 115
- Mosinzhstroy p. 117
- Engeocom p. 118
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List of graphs p. 121
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List of tables p. 125
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About PMR p. 127
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Contact PMR p. 128
List of graphs
- GDP growth in Russia (%), 2005-2014 11
- Construction output in Russia (RUB bn) and real y-o-y change (%), 2005-2011 12
- Construction output in Russia (RUB bn) and real y-o-y change (%), 2007-2014 13
- Civil engineering construction output in Russia (RUB bn) and y-o-y changes (%), 2007-2014 15
- Non-residential construction output in Russia (RUB bn) and y-o-y changes (%), 2007-2014 16
- Total number of dwellings completed in Russia (’000 units) and y-o-y change (%), 2005-2011 16
- Residential construction output in Russia (RUB bn) and y-o-y changes (%), 2007-2014 18
- GDP growth in Russia (%), 2005-2014 20
- Share of GVA in construction in total GVA for all industries and in GDP in Russia, 2005-2011 20
- Gross fixed capital formation in Russia (%, y-o-y), 2005-2014 21
- Foreign direct investment in Russia ($ bn), 2005-2011 22
- Consumer price index in Russia (%, December to December), 2000-2011 22
- Construction output in Russia (RUB bn) and real y-o-y change (%), 2005-2011 26
- Value of construction work contracts signed and other construction orders in Russia (RUB bn), 2008-2011 26
- Construction output in Russia, by leading regions, January-July 2011 27
- Number of employed in the construction industry in Russia (’000), 2000-2010 31
- Average gross monthly wage in the construction industry in Russia (RUB) and y-o-y nominal change (%), 2005-2011 32
- Producer price indices in construction in Russia (%, December to December), 2005-2011 33
- Average capacity use rate in the Russian construction industry (%), 2000-2011 34
- Main barriers to doing business in the Russian construction sector (% of all construction enterprises), Q4/2008-Q2/2011 35
- Production of cement in Russia (million tonnes) and y-o-y change (%), 2005-2011 36
- Change in production of basic building materials in Russia (%, y-o-y), 2007-2011 36
- Inflation in building materials in Russia (%, y-o-y), 2007-2011 37
- Construction market breakdown in Russia, 2007-2014 41
- Construction output in Russia (RUB bn) and real y-o-y change (%), 2007-2014 42
- Completion of hard-surfaced roads in Russia (km), 2000-2011 49
- Bridge completion in Russia (running metres), 2000-2011 50
- Railway construction in Russia (km), 2000-2011 56
- Railway infrastructure planned development in Russia, 2010-2030 58
- Completion of paved airport runways in Russia (’000 m2), 2000-2011 60
- Civil engineering construction output in Russia (RUB bn) and y-o-y changes (%), 2007-2014 64
- Shopping centres distribution in Russia, by number, Q2 2011 71
- Shopping centre stock distribution in Russia, by space, Q2 2011 72
- Non-residential construction output in Russia (RUB bn) and y-o-y changes (%), 2007-2014 82
- Total housing stock in Russia (million m2, year-end), 2005-2010 83
- Old and dilapidated housing in Russia (million m2), 1996-2010 84
- Total number of dwellings completed in Russia (’000 units) and y-o-y change (%), 2005-2011 86
- Total floor space of dwellings completed in Russia (million m2) and y-o-y change (%), 2005-2011 86
- Average size of dwellings built in Russia (m2), 2000 and 2005-2010 87
- Construction of residential floor space in Russia, by leading regions, January-July 2011 88
- Individual construction of housing space as a proportion of total housing space completed in Russia, 2005-2011 91
- Total number of detached houses built by individuals in Russia (’000 units) and y-o-y change (%), 2005-2011 91
- Total floor space of detached houses completed by individual builders in Russia (million m2) and y-o-y change (%), 2005-2011 92
- Planned residential construction levels in Russia according to the Housing programme (million m2), 2011-2015 96
- Change in average prices of dwellings on the primary and secondary market in Russia (%, end of period to the end of the preceding year), 2005-2011 98
- Average prices of dwellings on the primary and secondary market in Russia (RUB, at end of year/quarter), 2005-2011 98
- Average construction cost of 1 m2 of housing in Russia (RUB), 2005-2011 99
- Value of mortgage loans granted in Russia (RUB bn), 2005-2012 100
- Total number of dwellings completed in Russia (’000 units) and y-o-y change (%), 2007-2014 101
- Residential construction output in Russia (RUB bn) and y-o-y changes (%), 2007-2014 102
List of tables
- Forecasts for the main economic indicators in Russia for 2011-2014 23
- Construction output in federal subjects of the Russian Federation, 2009-2011 28-29
- Financial results of companies active in the construction and property industries in Russia, H1 2011 31
- Prices for selected materials procured by contractors in Russia, July 2011 38
- Total length of motor roads in Russia (‘000 km, at end-year), 1992, 1995, 2000 and 2004-2010 49
- Major Sochi road projects within the FTP (RUB m), 2011-2015 52
- Spending for toll road construction projects in Russia (RUB m), 2011-2015 52
- Largest railway construction projects within the FTP in Russia, by investment (RUB m), 2011-2015 56
- Largest airport construction projects planned in Russia (RUB m), 2011-2015 60
- Seaport construction and internal waterway projects in Russia (RUB m), 2011-2015 62
- Non-residential buildings completed in Russia, 2005-H1 2011 66
- Basic indicators for Moscow office property market, H1 2011 67
- Basic indicators for St. Petersburg office property market, H1 2011 68
- Planned business centre launches in St. Petersburg in H2 2011 68
- Basic indicators for Moscow retail property market, H1 2011 69
- Basic indicators for St. Petersburg retail property market, H1 2011 70
- St. Petersburg shopping centres whose development was announced in H1 2011 70
- Basic indicators for Moscow warehouse property market, H1 2011 73
- Basic indicators for the St. Petersburg warehouse property market, H1 2011 73
- Basic indicators for the Moscow market for three-to-five star hotels, H1 2011 74
- Expected hotel launches in Moscow in H2 2011 74
- Basic indicators on St. Petersburg hotel market, H1 2011 75
- Number of floors in residential buildings completed in Russia (% of total), 2010 87
- Total floor space of housing units completed in federal subjects of the Russian Federation, 2009-2011 89-90
- Key financial data for the Mostotrest Group, 2008-2010 103
- Key financial data for the Transstroy Group, 2008-2010 105
- Key financial data for Stroytransgaz, 2008-2010 107
- Key financial data for Globalstroy Engineering, 2008-2010 109
- Key financial data for E4 Group, 2008-2010 111
- Key financial data for Mospromstroy, 2008-2010 113
- Key financial data for Mosmetrostroy, 2008-2010 114
- Key financial data for Avtoban, 2005-2010 115
- Key financial data for Mosinzhstroy, 2008-2010 117
- Key financial data for Engeocom, 2008-2010 118
Construction sector in Russia, H2 2011
Development forecasts for 2011-2014
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