Russia Plant Construction Cost Index
Subscribe & Adjust Industrial Plant Capital Costs in Russia over Time
Plant Construction Indexes (IC Indexes) are unbiased multipliers for instantaneously adjusting construction costs of industrial plants over time. These monthly series measure the changes in the average cost of constructing a manufacturing plant, with historical data and short-term forecasts available to predict trends.
IC indexes and key manufacturing cost factors in Russia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Chart Description. The IC Index for Russia experienced a 5% increase in August 2019, up from the previous year's index value of 130, reaching a value of 136. This means that the average cost of constructing an industrial plant in Russia has risen by 5% during this period. For example, if the cost of building a plant in Russia was USD 100 million in August 2018, the 5% increase in the IC Index suggests that the same plant would cost approximately USD 105 million in August 2019.
Data Use. The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in Russia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide. To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. IC Indexes are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
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About IC Indexes. IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About Russia Manufacturing Industry. Russia's economy is one of the largest in the world, characterized by a vast and diverse industrial base that plays a critical role in both national and global markets. Known for its rich natural resources, particularly in energy, the country excels in various sectors, including oil and gas, manufacturing, mining, and defense. The manufacturing sector is a significant contributor to Russia’s GDP, providing substantial employment opportunities and supporting economic development.
The Russian manufacturing industry is recognized for its focus on heavy industry and engineering. With a skilled workforce and extensive infrastructure, Russia has established itself as a key player in producing machinery, automotive components, and defense products. The energy sector, in particular, is vital to the economy, driving export revenues and influencing global energy markets.
As Russia navigates global economic challenges, including sanctions and shifts in trade relationships, its manufacturing sector remains essential to economic stability. The country is increasingly investing in technological advancements and efforts to diversify its industrial base. With a focus on enhancing domestic production capabilities and fostering innovation, Russia is positioned to maintain its role as a significant player in the global manufacturing landscape for years to come.
