Storage Tank Construction in Lithuania Market Snapshot to 2014 by WMIntelligence

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									Storage Tank Construction in Lithuania:
Market Snapshot to 2014

Reference code: WMCN9101MS
Published: May-2010




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Storage Tank Construction in Lithuania: Market Snapshot to 2014                                               Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 1
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1     SECTOR OVERVIEW ............................................................................................................. 4
2     MARKET DATA ...................................................................................................................... 5
2.1     Market Value 2005-2009 ...................................................................................................................................... 5
2.2     Market Segmentation, By Project Type, 2009 ..................................................................................................... 6
2.3     Market Value Forecast, 2009-2014 ...................................................................................................................... 7
2.4     Future Market Segmentation, By Project Type, 2009-2014................................................................................. 8
3     APPENDIX .............................................................................................................................. 9
3.1     Research Methodology ........................................................................................................................................ 9
3.2     Definitions ............................................................................................................................................................ 9
      3.2.1     Additional Notes ........................................................................................................................................ 10
3.3     About World Market Intelligence ........................................................................................................................ 10




Storage Tank Construction in Lithuania: Market Snapshot to 2014                                                                                        Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                                                Page 2
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List of Tables

Table 1: Storage Tank Construction in Lithuania, Market Value - US$ Million, 2005-2009 ................................................. 5

Table 2: Storage Tank Construction in Lithuania, Market Segmentation by Project Type, US$ Million, 2009 .................... 6

Table 3: Storage Tank Construction in Lithuania, Market Forecast - US$ Million, 2009-2014 ............................................ 7

Table 4: Storage Tank Construction in Lithuania, Market Segmentation by Project, US$ Million, 2014 ............................. 8



List of Figures

Figure 1: Storage Tank Construction in Lithuania, Market Value - US$ Million, 2005-2009 ............................................... 5

Figure 2: Storage Tank Construction in Lithuania, Market Segmentation by Project Type, % Share, 2009 ....................... 6

Figure 3: Storage Tank Construction in Lithuania, Market Forecast - US$ Million, 2009-2014 ........................................... 7

Figure 4: Storage Tank Construction in Lithuania, Market Segmentation by Project, % Share, 2014 ................................ 8




Storage Tank Construction in Lithuania: Market Snapshot to 2014                                                   Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                      Page 3
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1 SECTOR OVERVIEW
Following expansion at a compound annual rate of change 19.90% between 2005-2009, the storage tanks construction
sector in Lithuania reached a value of US$3.14 million in 2009, which represented an decrease of 61.79% in 2008. The
market achieved its strongest performance in 2006 when it expanded by 30.31% and its weakest performance in 2009,
when it fell by 61.79%.

In comparison, the fastest growing construction sector of the industrial construction market between 2005-2009 was
refinery buildings which achieved a CAGR of 2.89%. The storage tanks construction sector was the weakest in the
industrial construction market between 2005-2009 and observed a CARC of 19.90%.

By 2009, the storage tanks accounted for 1.98% of the industrial construction. In comparison, manufacturing plants
represented 22.00% while chemical & pharmaceutical plants generated a further 18.06% of the market's 2009 share.

Looking ahead, the storage tanks market is expected to decline at a CARC of 8.93% between 2009-2014, reaching a
value of US$ 1.97 million in 2014. This represents total decline of 74.20% since 2005 and 37.34% since 2009.

In comparison, the fastest growing construction sector of the industrial construction market between 2009-2014 is
forecast to be electricity generation plants, which is expected to achieve a CAGR of 3.14%. The refinery buildings
construction sector is expected to be the weakest in the industrial construction market between 2009-2014 and achieve
a CAGR of 2.15%.

By 2014, the storage tanks is forecast to account for 1.49% of the industrial construction. In comparison, electricity
generation plants is predicted to account for 24.33% , while waste processing plants is expected to generate a further
18.56% of the market's 2014 share.




Storage Tank Construction in Lithuania: Market Snapshot to 2014                                               Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 4
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2 MARKET DATA
2.1 Market Value 2005-2009

Storage tanks sector in Lithuania was valued at US$ 3.14 million in 2009; a decrease of 61.79% in 2008. The sector
observed a CARC of 19.9%.


Table 1: Storage Tank Construction in Lithuania, Market Value - US$ Million, 2005-2009

Year                                                                                            US$ Million                                 % Growth
2005                                                                                                7.64
2006                                                                                                9.95                                      30.31%
2007                                                                                              10.86                                        9.07%
2008                                                                                                8.23                                     -24.18%
2009                                                                                                3.14                                     -61.79%
                                                                                         CAGR 2005-2009                                      -19.90%
Source: World Market Intelligence Analysis                                                                     © World Market Intelligence



Figure 1: Storage Tank Construction in Lithuania, Market Value - US$ Million, 2005-2009

                                  
								
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