Press release
Industry Outlook : Construction in Colombia, Key Trends, Size, Shares, Analysis, Forecast and Opportunities to 2020
Synopsis
In real terms, the Colombian construction industry registered the growth rate of 3.9% in 2015, 10.5% in 2014, 11.5% in 2013, 5.9% in 2012 and 8.2% in 2011. Economic recovery coupled with government investments in infrastructure and residential construction, increased the issuance of building permits and contributed to growth.
According to the Departamento Administrativo Nacional de Estadstica (DANE), the countrys national administrative department of statistics, Colombias total area under construction increased by 2.5%, from 11.5 million m2 in 2014 to 11.8 million m2 in 2015.
The countrys construction industry will continue to expand in real terms over the forecast period (20162020) due to investments in transport infrastructure, energy and utilities, and affordable housing projects. Additionally, government investment in public infrastructure and educational healthcare buildings as part of the 20162020 Development Plan will support the growth.
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Over the forecast period industry growth will be supported by the governments National Development Plan 20142018, population growth, urbanization, and favorable government policies with regards to public-private partnership (PPPs).
In real terms, the industrys output value is anticipated to post a forecast-period compound annual growth rate (CAGR) of 2.82%; a slowdown compared to 7.90% CAGR witnessed during the review period (20112015).
Summary
Timetrics Construction in Colombia, Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into Colombian construction industry, including:
The Colombian construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Colombia
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Colombian construction industry
Profiles of the leading operators in the Colombian construction industry.
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Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
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