leaflet b construction sector in poland h2 2009

Construction sector in Poland, H2 2009Comparative regional analysis and development forecasts for 2009-2012

Publication date: October 2009Languages: English, Polish

18 th edition!

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Word from the author:

The global economic crisis has affected the Polish economy, including the construction industry, to a much lesser extent than other CEE countries. Even though the first half of the year was very difficult, the construction and assembly output grew and is expected to go up even more sharply in H2 2009. Civil engineering will continue as the main driving force for the construction industry in Poland, mainly thanks to execution of EU-funded projects and preparations to Euro 2012. We will see the progress of large transport and environmental projects, as well as numerous works in the power sector and at large sports facilities.

Deflation in the construction sector is the reason why contractors record higher than average margins on contracts signed in 2007 and 2008, when the prices reached their highest level. Therefore, the financial standing of large construction companies is not likely to worsen over the next months. However, in 2011 and 2012 execution of contracts awarded at a time when the prices were very low may pose a problem, because the forecast recovery of the building construction sector and intensified work on engineering projects will finally boost prices.

Bartlomiej Sosna, Senior Construction Market Analyst

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About the report

PMR presents the 18th edition of the complete construction sector in Poland analysis supplemented newest findings of PMR’s cyclical sector climate survey conducted in September 2009 among the management of the 250 largest construction companies in Poland. Construction sector in Poland, H2 2009 is a source of unique data and analysis of the market with consideration of global crisis influence.

This report analyses also the development and the potential of the construction industry of every Polish voivodship. It identifies regions with the most developed construction markets as well as those with the best prospects for development in the upcoming future.

Benefit from sector development forecasts for 2009-2012, presented by the individual types of construction work for the whole country and for individual voivodships, prepared using time series analysis augmented by macroeconomic projections and knowledge of our experts.



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Results of survey conducted among Poland’s largest construction companies

For this report, PMR Research – PMR’s custom research unit – surveyed Poland’s largest construction companies in September 2009. The survey was conducted among 250 largest construction companies active on the Polish market, using the computer-assisted telephone interview (CATI) technique. This was the ninth cyclical survey of the sector (findings of previous surveys – carried out in July 2004 to March 2009 – were published in previous report editions).

As earlier, the objective of the survey was to gather information on the current situation on the Polish construction market and on the development prospects before the industry and its individual segments. PMR also questioned respondents about factors, both positive and negative, with a bearing on the industry and garnered expert views on the impact of EU membership on sector companies and on the key factors material to success on the construction market. The latest edition of the survey includes an overview of trends and changes that have taken shape over the past three years, as illustrated by the findings of subsequent survey editions.



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The 18th edition of the report Construction sector in Poland, H2 2009 comprises unique data in comparison to previous editions. There are new graphs and tables appearing:

Total construction and assembly output in Poland comprising sport and recreations constructions, �2000-2012Stadium construction projects in Poland (under construction and planned), 2009-2012 �Building permits and projects completed in Poland, number of buildings, 2005 – H1 2009 � (data available for categories: non-residential construction total, industrial and warehouses construction, commercial and services buildings, offices, hotels and tourist accommodation buildings, cultural, educational, sports, healthcare buildings and hospitals)

Building permits and projects completed in Poland, the floor area of buildings, 2005 – H1 2009 � (data available for categories: non-residential construction total, industrial and warehouses construction, commercial and services buildings, offices, hotels and tourist accommodation buildings, cultural, educational, sports, healthcare buildings and hospitals)

New questions in PMR research conducted among over 200 sector leaders � : What areas of your business were most affected by the construction crisis? What are the signs that there is no recovery in the construction industry?

Major environmental protection projects in Poland (planned and underway), 2009-2015 �Building permits in Poland by voivodship (number of buildings and the floor), 2005 – H1 2009 � (data available for categories: industrial and warehouses construction, commercial and services buildings, offices, hotels and tourist accommodation buildings, cultural, educational, sports, healthcare buildings and hospitals)

Projects completed in Poland by voivodship (number of buildings and the floor), 2005-2008 � (data available for categories: industrial and warehouses construction, commercial and services buildings, offices, hotels and tourist accommodation buildings, cultural, educational, sports, healthcare buildings and hospitals)



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If you are looking for:

overview and analysis of the construction and assembly sector in Poland �

results of the survey conducted among market leaders �

information on civil engineering together with forecast �

non-residential construction sector data and analysis �

up-to-date residential segment overview �

characteristics of individual voivodships �

13 largest construction companies in Poland profiled �

.... this is the report for you!



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Construction sector in Poland, H2 2009 – Comparative regional analysis and development forecasts for 2009-2012

Assessment of the Polish construction market situation

As its previous editions, this survey included a series of questions on the current situation of the Polish construction industry. Respondents were asked for their opinions on both the condition of the sector as a whole as well as on the market standing of their own companies. They were also asked to provide their views on current events relevant to the construction market.

The answers provided by the respondents to the question about their view of the construction industry’s situation showed a higher level of confidence compared with our last survey of March 2009 – 21% of respondents expressed a positive view (compared with 9% six months earlier and 64% in September 2008), while 40% believed that the situation was quite the opposite, while six months ago 46% of respondents shared this view (and a mere 7% of the respondents gave this answer twelve months ago). 38% of all the respondents claimed that the construction industry situation in Poland was neither good nor bad (a fall relative to March but a rise from September 2008 as the respective shares were 45% and 29%). The results we obtained indicate steady improvement in the construction market.

Based on responses of 130 respondents.

Source: PMR Research, September 2009

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Assessment of the current situation in the Polish construction industry

SBP033

5%

21%

1%

38%

35%

Positive opinion Negative opinion

Very bad

Rather good

Very good

Neither good, nor bad

Rather bad

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Road transportIn 2008, road construction projects represented less than 40% of revenue generated

by civil engineering companies; bridges and viaducts contributed an additional 6.2% of total revenue in this segment. According to the 2008 data, the civil engineering sector reported output worth PLN 14.8bn (€4.2bn); bridge construction projects added revenue of PLN 2.6bn (€0.7bn). However, in 2008, the segment suffered a significant slowdown; nominal growth in road construction was less than 9%.

The first six months of 2009 was a considerably better period for the road and bridge construction segment – road construction output rose by 20.7% to PLN 5.7bn (€1.3bn), with works related to road engineering structures increasing by 19.5% to PLN 1.1bn (€0.2bn). We expect that the second half of the year will see continued or even better increases.

Source: GUS, 2009


Construction and assembly output comprising roads and motorways

in Poland (PLN bn), 2000 - H1 2009

SBP072

5.8

5.4

6.5

6.1

7.3

8.3

11.6

13.6

14.8

5.7

2000 2001 2002 2003 2004 2005 2006 2007 2008 H1 2009

Source: GUS, 2009


Construction and assembly output comprising bridges, viaducts, flyovers,

tunnels, subways and pedestrian bridges (PLN m), 2000 - H1 2009

SBP073

1,047

1,425

1,377

1,180

1,067

1,103

1,628

2,184

2,634

1,106

2000 2001 2002 2003 2004 2005 2006 2007 2008 H1 2009

11�www.pmrpublications.com


Compared to the corresponding period of 2008, hotel investors showed diminished activity in Q1-Q2 2009. They acquired permits to build 957 buildings (down by 11%) with a floor area of 426,000 m2 (a 16% decline). In H1 2009, the majority of tourist accommodation building permits were granted, unsurprisingly, to investors in Zachodniopomorskie (255 buildings), Pomorskie (108) and Malopolskie (84).

Source: PMR Publications based on GUS data, 2009


Building permits and projects completed in Poland – hotels and touristaccommodation buildings, the number of buildings, 2000 - H1 2009

SBP113

2,186

1,897

1,551

1,894

1,873

1,853

1,686

1,545

1,939

1,078

957

1,419

647

788

871

687

1,012

807

879

756

310

299

246

313

249

297

316

352

245

2000 2001 2002 2003 2004 2005 2006 2007 2008 H1

2008

H1

2009

Building permits (number of buildings)

Buildings completed (number of buildings)

Including: hotels completed (number of buildings)



Building permits and projects completed in Poland - hotels and touristaccommodation buildings, the floor area of buildings, 2004 – H1 2009

SBP114

426

508

1,017

909

582

650

539

223

342 344

473

447

184

278

296

413

351

2004 2005 2006 2007 2008 H1 2008 H1 2009

Building permits ('000 m )

2

Buildings completed ('000 m )

2

Including: hotels completed ('000 m )

2

Excerpts from the report:






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PMR MarketInsight Methodology:This report was prepared using PMR MarketInsight methodology developed by PMR which assists in the complex preparation of industry reports. It defines the ways in which data should be collected for such reports and outlines the methods to be used in analysing the information collected in order to obtain a true picture of the market in question. It also contains special procedures to follow in the case of incomplete market. PMR MarketInsight precisely defines report content and structure. Industry reports prepared using PMR MarketInsight are based on information from a variety of available statistical, industry, general and official sources as well as information from PMR’s own database and primary research independently carried out by PMR. The sources we use are individually tailored to each project.

Selected PMR clients:



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About PMR:PMR www.pmrcorporate.com a British-American company providing market information, advice and services to international businesses interested in Central and Eastern European countries as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research).

PMR Publications www.pmrpublications.comprovides reliable market intelligence for business professionals interested in Central and Eastern European countries as well as other emerging markets. Publications by PMR analyse the business climate in the region, in particular in the construction, retail, IT, telecommunications and pharmaceutical sectors. The offer includes both free and paid reports, newsletters, online news services.

PMR Research www.research-pmr.comoffers a full array of qualitative and quantitative research methodologies, providing services such as customer satisfaction studies, brand awareness and brand image research, distribution and competition studies, segmentation analyses, fieldwork, online surveys and customised analyses of selected branches of the economy.

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Assessment of the Polish construction market situation

As its previous editions, this survey included a series of questions on the current situation of the Polish construction industry. Respondents were asked for their opinions on both the condition of the sector as a whole as well as on the market standing of their own companies. They were also asked to provide their views on current events relevant to the construction market.

The answers provided by the respondents to the question about their view of the construction industry’s situation showed a higher level of confidence compared with our last survey of March 2009 – 21% of respondents expressed a positive view (compared with 9% six months earlier and 64% in September 2008), while 40% believed that the situation was quite the opposite, while six months ago 46% of respondents shared this view (and a mere 7% of the respondents gave this answer twelve months ago). 38% of all the respondents claimed that the construction industry situation in Poland was neither good nor bad (a fall relative to March but a rise from September 2008 as the respective shares were 45% and 29%). The results we obtained indicate steady improvement in the construction market.

Based on responses of 130 respondents.

Source: PMR Research, September 2009


Assessment of the current situation in the Polish construction industry

SBP033

5%

21%

1%

38%

35%

Positive opinion Negative opinion

Very bad

Rather good

Very good

Neither good, nor bad

Rather bad

��www.pmrpublications.com


Road transportIn 2008, road construction projects represented less than 40% of revenue generated

by civil engineering companies; bridges and viaducts contributed an additional 6.2% of total revenue in this segment. According to the 2008 data, the civil engineering sector reported output worth PLN 14.8bn (€4.2bn); bridge construction projects added revenue of PLN 2.6bn (€0.7bn). However, in 2008, the segment suffered a significant slowdown; nominal growth in road construction was less than 9%.

The first six months of 2009 was a considerably better period for the road and bridge construction segment – road construction output rose by 20.7% to PLN 5.7bn (€1.3bn), with works related to road engineering structures increasing by 19.5% to PLN 1.1bn (€0.2bn). We expect that the second half of the year will see continued or even better increases.

Source: GUS, 2009


Construction and assembly output comprising roads and motorways

in Poland (PLN bn), 2000 - H1 2009

SBP072

5.8

5.4

6.5

6.1

7.3

8.3

11.6

13.6

14.8

5.7

2000 2001 2002 2003 2004 2005 2006 2007 2008 H1 2009

Source: GUS, 2009


Construction and assembly output comprising bridges, viaducts, flyovers,

tunnels, subways and pedestrian bridges (PLN m), 2000 - H1 2009

SBP073

1,047

1,425

1,377

1,180

1,067

1,103

1,628

2,184

2,634

1,106

2000 2001 2002 2003 2004 2005 2006 2007 2008 H1 2009

11�www.pmrpublications.com


Compared to the corresponding period of 2008, hotel investors showed diminished activity in Q1-Q2 2009. They acquired permits to build 957 buildings (down by 11%) with a floor area of 426,000 m2 (a 16% decline). In H1 2009, the majority of tourist accommodation building permits were granted, unsurprisingly, to investors in Zachodniopomorskie (255 buildings), Pomorskie (108) and Malopolskie (84).



Building permits and projects completed in Poland – hotels and touristaccommodation buildings, the number of buildings, 2000 - H1 2009

SBP113

2,186

1,897

1,551

1,894

1,873

1,853

1,686

1,545

1,939

1,078

957

1,419

647

788

871

687

1,012

807

879

756

310

299

246

313

249

297

316

352

245

2000 2001 2002 2003 2004 2005 2006 2007 2008 H1

2008

H1

2009

Building permits (number of buildings)

Buildings completed (number of buildings)

Including: hotels completed (number of buildings)



Building permits and projects completed in Poland - hotels and touristaccommodation buildings, the floor area of buildings, 2004 – H1 2009

SBP114

426

508

1,017

909

582

650

539

223

342 344

473

447

184

278

296

413

351

2004 2005 2006 2007 2008 H1 2008 H1 2009

Building permits ('000 m )

2

Buildings completed ('000 m )

2

Including: hotels completed ('000 m )

2

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Construction sector in Poland, H2 2009Comparative regional analysis and development forecasts for 2009-2012Publication date: October 2009Language: English, Polish

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leaflet b construction sector in poland h2 2009

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