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Chile Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Publisher GlobalData
Published Mar 04, 2024
Length 46 Pages
SKU # GBDT18677988

Description

Chile Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

GlobalData expects Chile’s construction industry to record subdued growth of 0.8% in real terms in 2024 as the country continues to face the effects of elevated inflation, such as the rising cost of both materials and labour. To combat the rising inflation, the Chilean central bank (Banco Central de Chile) has used contractionary monetary policy, through the medium of increased interest rates to try and return inflation to the target range of 2%-4%. Despite disinflation throughout 2023, inflation has remained high, but continues to fall in the country. For these reasons, the construction industry was estimated to decline by 1.6% in 2023. In January 2024, the central bank lowered its bank rate to 7.25% following the second consecutive month where inflation was within the target range. This will be positive news for investors in the construction industry who will see their cost of borrowing fall during 2024.

Over the remainder of the forecast period, the construction industry is expected to grow at an annual average rate of 4% from 2025 to 2028, supported by investments in industrial, infrastructure and renewable energy projects. As part of the National Lithium Strategy, announced in April 2023, the country aims to promote the development of mining projects. In October 2023, Tsingshan Holding Group, a Chinese industrial manufacturer, announced its plan to invest CLP199.9 billion ($233.2 million) into the development of a lithium iron phosphate (LFP) generation plant in northern Chile by 2025.

GlobalData’s Construction in Chile – Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information and insights into Chile’s construction industry, including -
  • Chile’s 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 Chile’s 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 (2019–2023) and forecast (2024–2028) 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.

Table of Contents

46 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.1 Demographics
3.2 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Chile, Key Economic Indicators
Table 3: Chile, Commercial Construction Output by Project Type (Real % Change), 2019–28
Table 4: Chile, Top Commercial Construction Projects by Value
Table 5: Chile, Industrial Construction Output by Project Type (Real % Change), 2019–28
Table 6: Chile, Top Industrial Construction Projects by Value
Table 7: Chile, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
Table 8: Chile, Top Infrastructure Construction Projects by Value
Table 9: Chile, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
Table 10: Chile, Top Energy and Utilities Construction Projects by Value
Table 11: Chile, Institutional Construction Output by Project Type (Real % Change), 2019–28
Table 12: Chile, Top Institutional Construction Projects by Value
Table 13: Chile, Residential Construction Output by Project Type (Real % Change), 2019–28
Table 14: Chile, Top Residential Construction Projects by Value
Table 15: Chile, Key Contractors
Table 16: Chile, Key Consultants
Table 17: Chile, Construction Output Value (Real, $ Million)
Table 18: Chile, Construction Output Value (Nominal, CLP Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Latin America, Construction Output (Real % Change), 2022–28
Figure 2: Chile, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
Figure 3: Chile, Risk Summary
Figure 4: Chile, Risk Regional Comparison
Figure 5: Chile, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
Figure 6: Chile, Construction Output Value, by Sector (Real, $ Million), 2019–28
Figure 7: Chile, Construction Value Add (Constant 2018 Prices, CLP Billion)
Figure 8: Chile, Gross Fixed Capital Formation, Constant 2018 Prices, % Change YoY
Figure 9: Chile, Number of Workers in the Construction Industry, In Thousands
Figure 10: Chile, Total Area of New Building Permits Issued, % Change YoY
Figure 11: Chile, IMACEC Economic Activity Index (2018=100, % Change YoY)
Figure 12: Chile, Construction Materials and Supplies Price Index (IPMIC), 2019
Figure 13: Chile, Construction Projects Momentum Index
Figure 14: Latin America, Construction Projects Momentum Index
Figure 15: Chile, Commercial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 16: Chile, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Chile, IMACEC Economic Activity Index in the Services Sector, 2018=100
Figure 18: Chile, IMACEC Economic Activity Index for Wholesale and Retail Trade, 2018=100
Figure 19: Chile, Foreign Tourist Arrivals (In Thousands)
Figure 20: Chile, Industrial Construction Output by Project Type (Real, $ Million), 2019–28
Figure 21: Chile, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Chile, Industrial and Manufacturing Production Indices (2014=100, % Change YoY)
Figure 23: Chile, Mining Production Indices, 2014=100
Figure 24: Chile, Copper Production, In Thousand Tonnes
Figure 25: Chile, Exports (in $ million)
Figure 26: Chile, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
Figure 27: Chile, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Chile, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
Figure 29: Chile, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Chile, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
Figure 31: Chile, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Chile, Residential Construction Output by Project Type (Real, $ Million), 2019–28
Figure 33: Chile, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Chile, Number of Residential Building Permits Issued
Figure 35: Chile, Real Housing Price Index, 2004=100
Figure 36: Chile, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Chile, Headquarters of Key Consultants (% of Total Project Pipeline)

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