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Ethiopia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Publisher GlobalData
Published Nov 14, 2022
Length 44 Pages
SKU # GBDT17567978

Description

Ethiopia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Summary

The construction industry in Ethiopia is expected to grow by 2% in real terms in 2022, following an expansion of 6.6% in 2021. The industry’s growth is being support by the government's success in attracting new foreign investment, coupled with the start of major industrial, transportation, and energy infrastructure projects. According to the Ethiopia Investment Commission (EIC), the country received ETB246.6 billion ($3.1 billion) in foreign direct investment (FDI) in the Ethiopian Financial Year (FY) 2021/22, which runs from July 8, 2021 to July 7, 2022. In February 2022, the Ministry of Transportation and Logistics announced that it had identified 44 transportation projects for development, with private partnerships in domestic air transportation, cross-country public transportation, and urban mass transportation. However, the conflict between the government and rebel Tigrayan forces, along with macroeconomic instability, could weigh on the industry's growth in the coming quarters, given the increased risk of project delays or suspensions and cost overruns.

The Ethiopian construction industry is expected to expand by 5.6% next year, supported by the government's allocation under the FY2022/23 Budget to support economic recovery. The government approved the FY2022/23 Budget in July 2022. It includes a spending of ETB786.6 billion ($13.7 billion) in the current financial year. Of the total, the government allocated ETB345.1 billion ($6 billion) to general expenditure, ETB218.1 billion ($3.8 billion) to the capital budget, and ETB209.4 billion ($3.7 billion) to finance the regional states that make up the federal republic.

GlobalData expects the industry to register annual average growth of 8.9% during 2024-26, supported by investment in tourism, roads, and industrial park projects. In August 2021, Ethiopian Electric Power (EEP) announced plans to build 71 power projects by 2030 at a cost of ETB2.3 trillion ($40 billion). Furthermore, in September 2021, the Ministry of Transport and DP World-a multinational logistics company based in Dubai-agreed to invest up to ETB57.4 billion ($1 billion) over the next ten years in developing supply chain infrastructure along the corridor, including -warehouses, cool and cold chain depots, dry ports, container yards, silos, freight forwarding, and clearing activities

The report provides detailed market analysis, information and insights into the Ethiopian construction industry, including -
  • The Ethiopian 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 Ethiopian 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 Ethiopia. It provides -
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Ethiopia, 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

44 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 COVID-19 Status
3.5 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
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List of Tables
Table 1: Construction Industry Key Data
Table 2: Ethiopia, Key Economic Indicators
Table 3: Ethiopia, Commercial Construction Output by Project Type (Real % Change), 2017-26
Table 4: Ethiopia, Top Commercial Construction Projects by Value
Table 5: Ethiopia, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: Ethiopia, Top Industrial Construction Projects by Value
Table 7: Ethiopia, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: Ethiopia, Top Infrastructure Construction Projects by Value
Table 9: Ethiopia, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: Ethiopia, Top Energy and Utilities Construction Projects by Value
Table 11: Ethiopia, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: Ethiopia, Top Institutional Construction Projects by Value
Table 13: Ethiopia, Residential Construction Output by Project Type (Real % Change), 2017-26
Table 14: Ethiopia, Top Residential Construction Projects by Value
Table 15: Ethiopia, Key Contractors
Table 16: Ethiopia, Key Consultants
Table 17: Ethiopia, Construction Output Value (Real, $ Million)
Table 18: Ethiopia, Construction Output Value (Nominal, ETB Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Sub-Saharan, Construction Output (Real % Change), 2020-26
Figure 2: Ethiopia, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
Figure 3: Ethiopia, COVID-19 Confirmed Cases
Figure 4: Ethiopia, Risk Summary
Figure 5: Ethiopia, Risk Regional Comparison
Figure 6: Ethiopia, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: Ethiopia, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8: Ethiopia, Construction Projects Momentum Index
Figure 9: Region, Construction Projects Momentum Index
Figure 10: Ethiopia, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 11: Ethiopia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: Ethiopia, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 13: Ethiopia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Ethiopia, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 15: Ethiopia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Ethiopia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 17: Ethiopia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Ethiopia, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 19: Ethiopia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Ethiopia, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 21: Ethiopia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Ethiopia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 23: Ethiopia, Headquarters of Key Consultants (% of Total Project Pipeline)

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