The construction sector in Lithuania is growing rapidly.  Economic growth, growing wages, and the wide availability of credit boosted construction sector growth as opportunities for real estate developers and investors expanded.  For almost a decade, real estate prices increased at an annual rate of approximately 10%. The construction industry experienced marginal declines of 0.7% in 2020 and 0.2% in 2021, largely due to COVID-19 pandemic disruptions.  The Lithuanian construction industry is projected to expand by 3.2% in real terms in 2022, driven largely by government spending and continuation of residential projects started in 2021.

EU development funds provide additional impetus for the development and expansion of this sector.  EU funds will pay for the reconstruction of railways, the renovation of regional roads, seaports, and airports, and the construction of new nature preservation facilities. 

Leading Sub-Sectors

• Machinery, equipment, tools
• Building materials, insulation materials
• Automation equipment/systems

Opportunities

Virtually all products associated with building renovation and construction are in high demand, including paints, doors, windows, plumbing equipment, lighting, insulation materials, heating systems, tools, and machinery.

Resources

Lithuanian Construction  Association  (http://www.statybininkai.lt/en/)