Key Market Indicators
Revenue from Macedonian Civil Engineering is expected to reach €454.5 million by 2026, compared to €403 million in 2021. Average annual growth rate is projected at 1.1%. Since 2016, the market has decreased by nearly 5%. In 2021, Macedonia ranked 31st, while Bosnia and Herzegovina was placed ahead with €403 million. Germany, France and Italy followed as the second, third and fourth ranked countries respectively. Meanwhile, production of civil engineering in Macedonia is forecasted to reach €413 million by 2026, up from €364 million in 2021. Average annual growth is estimated at 0.9%. Since 2016, the industry has decreased by 5.6%. In 2021, Macedonia was positioned 31st, with Bosnia and Herzegovina ahead with €364 million. Germany, France and Italy followed as the second, third and fourth ranked countries respectively.