One of the sectors that is set to drive Iran's economy is construction, which closed at $154 billion at the end of 2016 and is expected to grow at an annual compound growth rate of 6.1% over the next four years to reach $196 billion in 2020.
Based on preliminary figures published by the Acimac Research Department, the sector’s turnover has risen by 3.9% to a record high of 2.06 billion euros.
The recovery in the Italian construction industry that began to emerge at the end of 2015 failed to live up to expectations in the first half of the current year.
According to the report published at the end of the 81st Euroconstruct Conference held in Dublin on June this year, construction output in 2016 is expected to improve by 2.6% and will continue to grow with the same pace in the period 2016-2018.
Acimac Research Dept. anticipates to Ceramic World Review a preview of the key figures of its new study “World production and consumption of ceramic tiles”.
According to the 24th National Statistical Survey conducted by Acimac, the industry reported the highest turnover in its history in 2015 at 1,982 million euros. This included growth in both exports (+9.1%) and the domestic market (+4.3%).
2016 may see further consolidation of the growth reported in 2015, with domestic sales returning to positive territory (+2.7%) and exports showing a further increase (+3.6%). Domestic output is also expected to grow by 3.8%.
According to the report of the 80th Euroconstruct conference, total construction output in 19 member states set a positive trend, with growth of 1.6% compared with the previous year.
In 2015 U.S. ceramic tile consumption grew by 10% on 2014 to reach 2.74 billion sq.ft. (254.6 million sq.m), bringing consumption back to its highest level since 2006. Imports growth was +9,8%.
After a sharp and sudden decline of the sector in 2014, preliminary figures for 2015 show a further decline in output volumes and domestic consumption. A recovery in exports is likely.
