Report cover image

Chile Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Publisher GlobalData
Published Aug 13, 2024
Length 47 Pages
SKU # GBDT19177592

Description

Chile Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)


Summary

GlobalData’s Construction in Chile - Key Trends and Opportunities to 2028 (H2 2024) 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.
GlobalData expects the Chilean construction industry to contract by 1.6% in real terms in 2024, owing to high inflation, interest rates, and rising construction material costs. According to the Banco Central de Chile, the construction industry’s value add fell by 1.1% year on year (YoY) in Q1 2024, preceded by Y-o-Y decline of 2.4% in Q4 and 0.4% in Q3 2023. A decline in investor and developer confidence, arising from ongoing weakness in the residential sector, amid a continuous drop in residential permits, will further weigh down the Chilean construction industry in the short to medium term. According to the Chilean Chamber of Construction (CChC), the total number of new residential construction permits issued declined by 6.2% YoY in the first four months of 2024, whereas the total area of residential permits issued fell by 1% YoY during the same period. Overall, the total number of residential building permits issued fell by 27.7% and the total area fell by 28.8% in 2023.

Over the remainder of the forecast period, the construction industry is expected to rebound at an annual average growth rate of 4.1% (2025-28), supported by investment in energy, transportation, and mining sectors. In March 2024, Chilean copper producer, Minera Centinela, announced plans to expand its copper plant in the Centinela mines with an investment of CLP2.1 trillion ($2.5 billion). The project includes the construction of a new concentrator plant to increase the capacity by 140,000 tons annually by 2027. Furthermore, in March 2024, Mario Marcel - the Minister of Finance - announced plans add 3-4 lithium plants by 2026. In May 2024, the government published its Green Hydrogen Action Plan (2023-30), following the completion of the consultation process. This plan includes 81 actions across 18 categories to help Chile attain carbon neutrality by 2050. Under this, the government will lower taxes for the hydrogen projects, reduce permit times by 30%, and provide CLP856.5 billion ($1 billion) funding to the hydrogen projects by 2030. Growth over the forecasted period will be also supported by concession contracts worth CLP15.1 trillion ($17.6 billion) - announced by the government in May 2024 for the period 2024-28 - which includes 43 projects for transport, public buildings, water, and disaster safety projects.

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

47 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 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
7.4 GlobalData Construction
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, Hedonic Property Price Index
Figure 36: Chile, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Chile, Headquarters of Key Consultants (% of Total Project Pipeline)

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us