Construction in Chile-Key Trends and Opportunities to 2022

The Chilean construction industry suffered a downturn in 2017, contracting by 2.4% in real terms that year, after registering annual growth of 2.8% in 2016 and 4.1% in 2015. The decline in the industry's output value in 2017, compared to that of 2016 was due to low public and private sector investments in construction and a downturn in mining due to operational disruptions.

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The industry is expected to recover in 2018, supported by a gradual recovery in regional economic conditions, copper production and improving consumer and investor confidence. This growth is expected to continue throughout the forecast period (2018-2022), supported by the government's ongoing efforts to develop the infrastructure, industrial and healthcare sectors. Under the Tiempos Mejores para Chile program, the government plans to invest CLP9.1 trillion (US$14.0 billion) to develop the country's overall infrastructure, in a bid to support economic activity by 2022. Moreover, an increase in the number of building construction permits issued is expected to support new construction activity over the forecast period.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.26% over the forecast period, compared to 0.66% during the review period (2013-2017).

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Publisher's "Construction in Chile - Key Trends and Opportunities to 2022", 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.

List of Tables

Table 1: Construction Outlook
Table 2: Chile, Key Economic Indicators
Table 3: Chile, Construction Output Value (nominal, CLP Billion)
Table 4: Chile, Construction Output Value (nominal, US$ Million)
Table 5: Chile, Top Commercial Construction Projects by Value
Table 6: Chile, Top Industrial Construction Projects by Value
Table 7: Chile, Top Infrastructure Construction Projects by Value
Table 8: Chile, Top Energy and Utilities Construction Projects by Value
Table 9: Chile, Top Institutional Construction Projects by Value
Table 10: Chile, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Chile, Key Contractors
Table 12: Chile, Key Consultants
Table 13: Publisher Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores

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Key Highlights

- Publisher expects the Infrastructure construction market to register a forecast-period CAGR of 5.87% in nominal terms, driven by the government's effort to upgrade the country's rail, road, airport and port infrastructure. In order to address the country's infrastructure deficit, the government plans to invest CLP20.7 trillion (US$30.0 billion) during 2018-2026 under the Invierte Chile (Invest Chile) program.
- Forecast period growth in the residential construction market will be driven by the public and private sector investments in the construction of new residential buildings to meet the housing demand. In October 2018, the government announced an investment plan for the development of Tarapac

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