Construction in Chile – Key Trends and Opportunities to 2023

2019-11-04
Price :
Published : Nov-2019
No. of Pages : 46

Construction in Chile – Key Trends and Opportunities to 2023

Summary

The Chilean construction industry recovered in 2018, with output value expanding by 3.2% in real terms, compared to -3.2% in 2017; this growth was supported by higher consumer spending, coupled with recovery in copper prices and global commodity demand, which in turn increased the government’s ability to spend within the country’s infrastructure. In addition, in 2018, foreign direct investment (FDI) in the country increased by 206%, due to the government’s introduction of a new FDI policy. Growth during the review period (2014-2018) averaged 1.2% a year, and was supported by public and private sector investment in energy and utilities, infrastructure and residential construction projects, leading to an increase in demand for the Chilean construction industry.

The industry’s output value is expected to continue to expand over the forecast period (2019-2023), due to increasing investments in transport infrastructure, energy, commercial and industrial projects, as well as improvement in consumer and investor confidence. The government plans to invest CLP9.3 trillion (US$14 billion) to develop the country’s roads, railways, hospitals and other social infrastructure during the period of 2019-2023. According to Cámara Chilena de la Construcción (the Chilean Chamber of Construction – CChC), the total investment in construction grew by 2.7% in 2018; this was preceded by annual contractions of 4.6% in 2017 and 0.7% in 2016.

The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.07% over the forecast period.

Key Highlights

– GlobalData expects the infrastructure construction market to increase by an annual average of 7.52% over the forecast period, driven by the government’s focus on the development of airport infrastructure in the wake of rising freight and passengers at airports. In June 2019, the government announced a plan to invest CLP927.7 billion (US$1.4 billion) to increase the capacity of airports across the country. Through this, the government aims to modernize 17 airports of the country with an aim to increase the area of national airports from 214,000m2 in 2019 to 537,000m2 by 2039.

– Forecast-period growth in the residential construction market will be driven by the government’s efforts to reduce the country’s housing deficit. In 2018, the government announced plans to build 5,664 housing units in the Ñuble region during the period of 2018-2021. Moreover, in August 2019, the government announced plans to spend CLP200 billion (US$301.8 million) to provide subsidies to low- and middle-income citizens, with an aim to build 3,174 housing units across the country.

– GlobalData expects the energy and utilities construction market to record a forecast-period CAGR of 7.36% in 2023, driven by the development of power grids in the country. The government plans to invest CLP1.3 trillion (US$1.8 billion) to build the Huelquén-Kimal project by 2028. Furthermore, the government plans to build an interconnection network between Peru, Ecuador and Colombia to meet the country rising electricity demand by 2021.

– The government’s focus to develop the country’s healthcare system is expected to drive the market growth over the forecast period. In the 2019 budget, the government increased its total expenditure on the healthcare sector by 5.9%, going from CLP8.2 trillion (US$12.8 billion) in 2018 to CLP8.7 trillion (US$13.1 billion) in 2019. In addition, under the National Health Investment Plan, the government plans to strengthen the public health network with an investment of CLP6.9 trillion (US$10.0 billion) during the period of 2018-2022.

– The total construction project pipeline in Chile – as tracked by GlobalData, and including all mega projects with a value above US$25 million – stands at CLP86.9 trillion (US$135.8 billion). The pipeline, which includes all projects from pre-planning to execution, is relatively skewed towards early-stage projects, with 62.9% of the pipeline value being in projects in the pre-planning and planning stages as of November 2019.

GlobalData’s Construction in Chile – Key Trends and Opportunities to 2023 report provides detailed market analysis, information and insights into the Chilean construction industry, including –
– The Chilean construction industry’s growth prospects by market, project type and construction activity
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Chilean construction industry
– Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Chile. It provides –
– Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Chile, featuring details of key growth drivers.
– Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
– Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
– Listings of major projects, in addition to details of leading contractors and consultants

Reasons to buy

– Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
– Assess market growth potential at a micro-level with over 600 time-series data forecasts.
– Understand the latest industry and market trends.
– Formulate and validate strategy using GlobalData’s critical and actionable insight.
– Assess business risks, including cost, regulatory and competitive pressures.
– Evaluate competitive risk and success factors.

Filed in: Manufacturing
Publisher : GlobalData
More Reports
Title Price Buy Now

Vacuum Evaporators Market by Type Of Technology (Heat Pump, Mvr, Thermal), Application (Wastewater Treatment, Product Processing), End-Use Industry (Chemical & Petrochemical, Automotive, Food & Beverage, Energy & Power), Geography – Global Forecast to 2024

“The vacuum evaporators market is projected to witness a CAGR of 6.9% from 2019 to 2024, in terms of value” The vacuum evaporators market is projected to grow from USD 2.2 billion in 2019 to USD 3.1 billion by 2024, at a CAGR of 6.9% from 2019 to 2024. The implementation of stringent environmental regulations, water scarcity across the globe, and increasing adoption of zero liquid discharge (ZLD) systems are major factors driving the vacuum evaporators market. “The wastewater treatment application segment is anticipated to lead the vacuum evaporators market during the forecast period” Based on application, the wastewater treatment segment led the vacuum evaporators market in 2018, in terms of value, and is also projected to grow at the highest CAGR during the forecast peri......
$5650

Packaging Printing Market by Printing Ink (Aqueous & UV-based), Printing Technology (Flexography, Gravure, Digital), Packaging Type (Labels & Tags, Flexible), Application (Food & Beverages, Cosmetics, Pharmaceuticals), & Region – Global Forecast to 2024

“Growth indemand from the food & beverage industry to drive the market for packaging printing” The global market for packaging printing is projected to grow from USD 350.6 billion in 2019 to reach USD 440.6 billion by 2024, at an estimated CAGR of 4.7%. The packaging printing market is driven by factors such as growth indemand for sustainable printing, increasing demand for flexible packaging, cost-effectiveness, and reduced packaging waste. The growing healthcare industry and the popularity of using convenient packaging are major drivers of the packaging printing market. Emerging markets, such as the Asia Pacific region, have contributed to an increase in the application of packaging printing in packaging products. Packaging printing not being suitable for heavy items is the st......
$5650

Instrumentation Valves and Fittings Market by Material, Product (Valves, Fittings, Actuators), Industry (Semiconductor, Oil & Gas, Food & Beverages, Chemicals, Healthcare, Pulp & Paper, Energy & Power), and Region – Global Forecast to 2025

“Instrumentation valves and fittings market to grow at 3.0% CAGR from 2019 to 2025” The global instrumentation valves and fittings market size is expected to grow from USD 3.2 billion in 2019 to USD 3.9 billion by 2025, at a CAGR of 3.0%.The uptrend in the oil & gas industry, mainly in the upstream sector, growth in the electronics & semiconductor industry and a large number of coal-based power projects in the Asian region, and increasing automation are creating scope for the instrumentation valves and fittings market. However, lack of standardization and policy issues are likely to hinder the growth of the instrumentation valves and fittings industry in the future. “Stainless steel material to dominate instrumentation valves and fittings market during forecast period......
$7150

Construction in Argentina – Key Trends and Opportunities to 2023

Construction in Argentina - Key Trends and Opportunities to 2023 Summary In real terms, the Argentine construction industry suffered a huge setback in 2018, registering a marginal growth of 0.2% that year, following an annual growth of 12.4% in 2017. This was due to falling economic activity, skyrocketing inflation, a high level of interest rates and the austerity measures adopted by the government to reduce the national debt, which in turn reduced public and private sector investments in construction projects. The industry is expected to contract by 6% in 2019 and 2.4% in 2020, due to the continued deteriorating macroeconomic conditions and the challenging business environment. Many of the construction projects included in the plan that was launched by the outgoing administration in 20......
$1495

Construction in Colombia – Key Trends and Opportunities to 2023

Construction in Colombia - Key Trends and Opportunities to 2023 Summary In real terms, the Colombian construction industry recovered in 2018, after registering a lackluster performance in 2017. It registered an annual growth rate of 0.8% in 2018 - up from -2% in 2017. This recovery was driven by positive developments in economic conditions, which led to a revival in both investor and consumer confidence. The country's construction industry is expected to register a decline of 1.8% in real terms in 2019, due to the continued weakness in residential investments. Residential construction, which is one of the main engines of the country's economy, has fallen considerably in the past two years, with the total land permitted in 2018 falling by 6.1% in comparison to levels registered in 2017.......
$1495

Global Construction Outlook to 2023 – Q4 2019 Update

Global Construction Outlook to 2023 - Q4 2019 Update Summary The pace of expansion in the global construction industry in 2019 is expected to be the slowest in a decade, standing at 2.6%, according to GlobalData. The slowdown in construction output growth has been particularly severe in advanced economies, including the US, the UK and Australia. In China, where the authorities are stepping up investment in infrastructure to prevent a continued slowdown, growth will remain positive, contributing to a slight acceleration in growth in total output in the emerging markets. GlobalData's central forecast is for global construction output growth to edge up to 3.1% in 2020 and then to stabilize at 3.4% over the remainder of the forecast period, which runs to 2023. This is in part driven by a pro......
$4950

Construction in Greece – Key Trends and Opportunities to 2023

Construction in Greece - Key Trends and Opportunities to 2023 Summary In real terms, the Greek construction industry recovered in 2018, after registering a lackluster performance in 2017. This recovery was driven by positive developments in economic conditions, which led to a revival in both investor and consumer confidence. Consequently, the country's construction industry registered a growth of 7.9% in 2018 in real terms, which was up from 0.4% in 2017. The industry is expected to continue to expand in 2019, with the industry's output expected to register growth of 20% in real terms that year. The industry got off to a good start in 2019; in the first two quarters of the year (the latest data available at the time of writing), the construction industry's value-add grew by 35.1% year-o......
$1495

Construction in Belgium – Key Trends and Opportunities to 2023

Construction in Belgium - Key Trends and Opportunities to 2023 Summary Following two years of contraction, the Belgian construction industry finally rebounded in 2018, with an annual growth rate of 1.2% in real terms. This recovery is expected to continue in 2019 and through the forecast period (2019-2023), in line with the pick-up of economic growth and the government's investment in transport and energy infrastructure. Over the forecast period, the industry's expansion is expected to be supported by investments in energy and commercial developmental projects, as well as rising exports. Moreover, the expanding tourism sector, coupled with low housing loan interest rates, is expected to support industry growth over the forecast period. The government's focus on the development of transp......
$1495

Construction in Brazil – Key Trends and Opportunities to 2023

Construction in Brazil - Key Trends and Opportunities to 2023 Summary The Brazilian construction industry suffered a downturn for a fifth year in a row in 2018, where it contracted by 2.5% in real terms, preceded by annual declines of 7.5% in 2017, 10% in 2016 and 9% in 2015. This decline can be attributed to economic slowdown and a fall in oil prices, which worsened the business environment in the country. Factors such as austerity measures adopted by the government to reduce the budget deficit and corruption allegations against politicians had an adverse impact on the construction industry. The industry is expected to remain sluggish in 2019, before recovering to an annual average rate of 2.3% in real terms during the latter part of the forecast period (2020-2023), driven by the gover......
$1495

Trends and Opportunities in the Canadian Packaging Industry

Trends and Opportunities in the Canadian Packaging Industry Summary The packaging industry in Canada is estimated to grow from 50,497 million units in 2018 to 52,911.4 million units in 2023, at a CAGR of 0.9%. In volume terms, the Canadian packaging market is being led by rigid plastics, which accounts for 35.8% of the total market in 2018. Among all pack materials, usage of flexible packaging is expected to grow the fastest in Canada at a CAGR of 1.6% over 2018-2023. This report brings together multiple data sources to provide a comprehensive overview of the Canadian packaging market. It includes market overview, growth analysis by pack material and industry, pack material growth analysis by industry and sector, analysis by pack material, and trends, case studies, and future outlook. ......
$3120
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy