Between 2013 and 2023, the production in the civil engineering sector in Poland experienced significant variability. From 2013 to 2014, production surged by nearly 38%, but saw a brief dip in 2015. The sector faced another slowdown in 2016 with nearly 14% reduction. Strong recovery followed, with consistent growth, peaking at 99.91 Billion Zloty in 2023. The average growth rate over the last five years was approximately 6%, highlighting steady expansion. Notably, this figure in 2023 showcases the sector's resilience amid economic fluctuations.
Key observations:
- Post-2016, the sector rebounded with strong growth.
- As of 2023, production stood at 99.91 Billion Zloty.
- The five-year CAGR until 2023 was 5.91%, reflecting robust and steady growth.
Looking ahead, the sector is forecasted to grow at a more moderate CAGR of 2.95% over the next five years, reaching 120.38 Billion Zloty by 2028. Key factors to watch include advancements in construction technology, government infrastructure investments, and economic policies impacting the broader market.