1. Construction in Finland – Key Trends and
Opportunities to 2018
by
Timetric
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“Construction”
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2. Construction in Finland – Key Trends and
Opportunities to 2018
Summary
The Finnish construction industry recorded a compound annual growth rate (CAGR) of
2.34% during the review period (2009-2013). The industry will be primarily supported by
the commercial and infrastructure markets, due to government efforts to support the
country’s growth and competitiveness. According to Invest in Finland, the government
agency that promotes foreign investment in the country, foreign direct investment (FDI)
rose from 153 new investments in 2012 to 213 in 2013. However, slow economic growth
and limited government spending will affect investments in the institutional market.
Consequently, the construction industry’s output is expected to record a CAGR of 1.50%
over the forecast period (2014?2018), driven by increased FDI and government’s focus on
strengthening the country’s urban infrastructure.
Scope
This report provides a comprehensive analysis of the construction industry in Finland. It
provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in
Finland using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and
residential) and by project type
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3. Construction in Finland – Key Trends and
Opportunities to 2018
Key highlights
Due to slow economic growth, the construction industry declined in 2013. According to
Statistics Finland, construction companies’ turnover declined by 1.9% as compared to
2012, and the value add in the construction industry fell by 2.3% in 2013. In the last
quarter of 2013, the turnover of the construction industry declined by 1.5% as compared
to the same period of 2012. In the last quarter of 2013, the turnover of specialized
construction activities dropped by 2.2%, and building construction decreased by 1.4%
over the corresponding period of 2012. However, as a sign of future growth, in the last
quarter of 2013 the area covered under building permits reached 8.9 million m2, 13.3%
more than in the last quarter of 2012.
In 2012, the government proposed to increase the standard VAT rate by 1 percentage
point. However, according to shopping tourism company Global Blue, tax-free sales in
2013 increased by 27% in Kouvola and 25% in Imatra, as compared to 2012. The growth
in tax-free sales in Finland was primarily contributed by the rising number of Russian
visitors, and is likely to attract investments in the retail buildings category over the
forecast period.
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4. Construction in Finland – Key Trends and
Opportunities to 2018
Reasons to buy
Identify and evaluate market opportunities using our standardized valuation and forecasting
methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors
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5. Construction in Finland – Key Trends and
Opportunities to 2018
For more details contact Mr. Ritesh Tiwari:For more details contact Mr. Ritesh Tiwari: sales@marketreportsstore.comsales@marketreportsstore.com //
+18883915441+18883915441
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25+ categories and their sub-sectors. We bring to you to the latest in market research across25+ categories and their sub-sectors. We bring to you to the latest in market research across
multiple industries and geographies from leading research publishers across the globe.multiple industries and geographies from leading research publishers across the globe.
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6. Construction in Finland – Key Trends and
Opportunities to 2018
For more details contact Mr. Ritesh Tiwari:For more details contact Mr. Ritesh Tiwari: sales@marketreportsstore.comsales@marketreportsstore.com //
+18883915441+18883915441
Market Reports Store
Market Reports Store is your one-stop online shop for syndicated industry research reports onMarket Reports Store is your one-stop online shop for syndicated industry research reports on
25+ categories and their sub-sectors. We bring to you to the latest in market research across25+ categories and their sub-sectors. We bring to you to the latest in market research across
multiple industries and geographies from leading research publishers across the globe.multiple industries and geographies from leading research publishers across the globe.
© Market Reports Store / Contact sales@marketreportsstore.com
