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Colombia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Publisher GlobalData
Published Feb 27, 2025
Length 55 Pages
SKU # GBDT19975442

Description

Colombia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

GlobalData’s Construction in Colombia - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into the Colombian construction industry, including -
  • The Colombian 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 Colombian 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 Colombia’s construction industry to expand by 3.3% in real terms in 2025, backdropped by a stronger macroeconomic outlook. Increased investments in manufacturing, hospitality, and renewable energy projects are supported by declining interest rates (at 9.5%) and cooled inflation at 5.2%; down from 8.4% YoY. Markedly, in December 2024, Colombia's Congress approved the 2025 Budget with an estimated expenditure of COP511 trillion ($112.8 billion); an increase of 6.9% compared with the previous budget of COP487.1 trillion ($107.6 billion) for 2024. Furthermore, according to the National Administrative Department of Statistics of Colombia (DANE), industry value-add grew by 2.4% year on year (YoY) in the first three quarters of 2024, while the total gross capital formation grew by 2.6% YoY during the same period.

Over the remaining part of the forecast period, the construction industry is expected to record annual average growth of 5.4% between 2026 and 2029, supported by investments in transport and energy projects, coupled with government plans to reduce greenhouse gas emissions by 51% by 2030 and reach carbon neutrality by 2050. In December 2024, Colombia's Infrastructure Agency (ANI) announced plans to construct a new airport in Cartagena (CACI), with an investment of COP12 trillion ($2.6 billion), including a 17,000m² international terminal. Additionally, La Dorada-Chiriguaná Railway Condor project, led by the ANI and the National Development Finance Company (FDN), pertains a COP3.5 trillion ($776 million) public-private partnership (PPP) project, including a 522km corridor to connect key municipalities; the project aspires to revitalize Colombia’s rail network, enhancing freight transport efficiency by 2029.

Scope

This report provides a comprehensive analysis of the construction industry in Colombia. It provides -
  • Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Colombia, 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 our 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 business strategies 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

55 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
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Colombia, Key Economic Indicators
Table 3: Colombia, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 4: Colombia, Top Commercial Construction Projects by Value
Table 5: Colombia, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Colombia, Top Industrial Construction Projects by Value
Table 7: Colombia, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Colombia, Top Infrastructure Construction Projects by Value
Table 9: Colombia, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Colombia, Top Energy and Utilities Construction Projects by Value
Table 11: Colombia, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Colombia, Top Institutional Construction Projects by Value
Table 13: Colombia, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Colombia, Top Residential Construction Projects by Value
Table 15: Colombia, Key Contractors
Table 16: Colombia, Key Consultants
Table 17: Colombia, Construction Output Value (Real, $ Million)
Table 18: Colombia, Construction Output Value (Nominal, COP 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), 2023–29
Figure 2: Colombia, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Colombia, Risk Summary
Figure 4: Colombia, Risk Regional Comparison
Figure 5: Colombia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Colombia, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Colombia, Construction Value-add (COP Billion, 2015 Chained Prices), YoY % Change
Figure 8: Colombia, Gross Capital Formation (COP Billion, 2015 Chained Prices)
Figure 9: Colombia, Total Area Approved for Construction, In Thousand m2
Figure 10: Colombia, Building Construction Cost Index (2021=100)
Figure 11: Colombia, Number of People Employed in The Construction Industry, In Thousands
Figure 12: Colombia, Producer Price Index (PPI) for Construction Materials (2014=100)
Figure 13: Colombia, Production and Sales of Cement, In Tons
Figure 14: Colombia, Production of Ready-Mixed Concrete, In Thousand m3
Figure 15: Colombia, Construction Projects Momentum Index
Figure 16: Latin America, Construction Projects Momentum Index
Figure 17: Colombia, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 18: Colombia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Colombia, Retail Sales Index, In Real Prices (2019=100)
Figure 20: Colombia, Non-Resident Visitor Arrivals, In Thousands
Figure 21: Colombia, Value-add of Wholesale and Retail and Repair of Motor Vehicles and Motorcycles, Transportation and Storage, and Accommodation and Food Services Activities (2015 Chained Prices, COP Billion)
Figure 22: Colombia, Value-add of Artistic, Entertainment and Recreation, and Other Service Activities (COP Billion, 2015 Chained Prices)
Figure 23: Colombia, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 24: Colombia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Colombia, Manufacturing Value-add (COP Billion, 2015 Chained Volume Measures)
Figure 26: Colombia, Industrial and Manufacturing Production Indices (2018=100)
Figure 27: Colombia, Total Exports ($ Million)
Figure 28: Colombia, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 29: Colombia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Colombia, Value-add of Civil Engineering Works (COP Billion, 2015 Chained Prices)
Figure 31: Colombia, Civil works Production Index (Q1 2021=100)
Figure 32: Colombia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 33: Colombia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Colombia, Value-add of Supply of Electricity, Gas, Steam and Air Conditioning and Water Distribution, Wastewater Evacuation and Treatment and Waste Management and Environmental Sanitation Activities, (COP Billion, 2015 Chained Volume Measures)
Figure 35: Colombia, Information and Communication Value-Add (COP Billion, 2015 Chained Volume Measures)
Figure 36: Colombia, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 37: Colombia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Colombia, Value-Add of Education, Human Healthcare and Social Service Activities, (COP Billion, 2015 Chained Volume Measures)
Figure 39: Colombia, Value-add of Public Administration and Defense and Compulsory Social Security Plans (COP Billion, 2015 Chained Prices)
Figure 40: Colombia, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 41: Colombia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 42: Colombia, Real Estate Value-add, (COP Billion, 2015 Chained Volume Measures)
Figure 43: Colombia, Total Area Approved for Housing, In Thousand m2
Figure 44: Colombia, Total Balance of Mortgage Portfolio, In Current Prices, In COP Billion, % Change YoY
Figure 45: Colombia, New Housing Price Index (IPVN), Q4 2020=100, % Change YoY
Figure 46: Colombia, Disbursement for Home Purchase, In COP Billion, Constant Prices
Figure 47: Colombia, Residential Building Construction Index (2021 = 100)
Figure 48: Colombia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 49: Colombia, Headquarters of Key Consultants (% of Total Project Pipeline)

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