Storage Tank Construction in Bulgaria: Market Snapshot to 2014 by WMIntelligence

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									       Storage Tank Construction in Bulgaria:
       Market Snapshot to 2014

       Reference code: WMCN9083MS
       Published: Aug 2010




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Storage Tank Construction in Bulgaria: Market Snapshot to 2014                                                Published Aug 2010

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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 Bulgaria: Market Snapshot to 2014                                                                                        Published Aug 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 Bulgaria, Market Value - US$ Million, 2005-2009 ...................................... 5
       Table 2: Storage Tank Construction in Bulgaria, Market Segmentation by Project Type, US$ Million, 2009........... 6
       Table 3: Storage Tank Construction in Bulgaria, Market Forecast - US$ Million, 2009-2014 ................................. 7
       Table 4: Storage Tank Construction in Bulgaria, Market Segmentation by Project, US$ Million, 2014 ................... 8


List of Figures

       Figure 1: Storage Tank Construction in Bulgaria, Market Value - US$ Million, 2005-2009 ..................................... 5
       Figure 2: Storage Tank Construction in Bulgaria, Market Segmentation by Project Type, % Share, 2009.............. 6

       Figure 3: Storage Tank Construction in Bulgaria, Market Forecast - US$ Million, 2009-2014 ................................ 7
       Figure 4: Storage Tank Construction in Bulgaria, Market Segmentation by Project, % Share, 2014 ...................... 8




Storage Tank Construction in Bulgaria: Market Snapshot to 2014                                                    Published Aug 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 growth rate -4.38% of between 2005-2009, the Storage Tanks construction
sector in Bulgaria reached a value of US$33.52 million in 2009, which represented a decrease of 14.50% on 2008. The
market achieved its strongest performance in 2007 when it expanded by 6.23% and its weakest performance in 2009,
when it fell by 14.50%.

In comparison, the fastest growing construction sector of the industrial construction market between 2005-2009 was
refinery buildings which achieved a CAGR of 21.00%. The storage tanks construction sector was the weakest in the
industrial construction market between 2005-2009 and observed a CARC of 4.38%.

By 2009, the Storage Tanks accounted for 1.72% of the industrial construction. In comparison, manufacturing plants
represented 21.96% while electricity generation plants generated a further 20.44% of the market's 2009 share.

Looking ahead, the Storage Tanks market is expected to decline at a CARC of 15.24% between 2009-2014, reaching a
value of US$ 14.66 million in 2014. This represents total decline of 63.43% since 2005 and 56.25% since 2009.

In comparison, the fastest growing construction sector of the industrial construction market between 2009-2014 is
forecast to be refinery buildings, which is expected to observe a CARC of 3.11%. The electricity generation plants
construction sector is expected to be the weakest in the industrial construction market between 2009-2014 and observe
a CARC of 6.42%.

By 2014, the Storage Tanks is forecast to account for 1.20% of the industrial construction. In comparison, electricity
generation plants is predicted to account for 23.43%, while manufacturing plants is expected to generate a further
20.25% of the market's 2014 share.




Storage Tank Construction in Bulgaria: Market Snapshot to 2014                                                Published Aug 2010

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2 MARKET DATA
2.1 Market Value 2005-2009

Storage Tanks sector in Bulgaria was valued at US$ 33.52 million in 2009; a decrease of 14.5% in 2008. The sector
observed a CARC of 4.38%.


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

Year                                                                                            US$ Million                                 % Growth
2005                                                                                              40.09
2006                                                                                              37.07                                       -7.54%
2007                                                                                              39.38                                        6.23%
2008                                                                                              39.20                                       -0.44%
2009                                                                                              33.52                                      -14.50%
                                                                                         CARC 2005-2009                                       -4.38%
Source: World Market Intelligence Analysis                                                                    © World Market Intelligence



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

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