Construction Market in Bolivia Outlook 2021: Big Things are Happening

Latest published market study on Construction Market in Bolivia - Key Trends and Opportunities (H2 2021) Market provides an overview of the current market dynamics in the Construction Market in Bolivia - Key Trends and Opportunities (H2 2021) space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in Construction Market in Bolivia - Key Trends and Opportunities (H2 2021) are keeping themselves one step forward with our latest survey analysis

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Construction Market in Bolivia Summary:

HTF now expects the Bolivian construction industry to grow by 18% in real terms in 2021, before it moderates to an annual average growth of 5.2% over the remainder of the forecast period (2022-2025). Although this strong growth mostly reflects the very low base in 2020, the industry’s output this year will be supported by the gradual recovery in economic conditions and the reactivation of construction works that were temporarily disrupted in 2020.

The current president, Luis Arce, promised to prioritize public investments to reactivate economic growth. In the General State Budget (PGE) for 2021, the government allocated BOB27.7 billion (US$3.9 billion) towards public investments, of which 36.2% is allocated for infrastructure projects. Moreover, in July 2021, the government announced it was to spend BOB4.5 billion (US$651.2 million) to restart the pending project in 2021-2022. This projected investment is 77.5% higher than that allocated by the central government in 2020. In December 2020, the president released BOB185.2 million (US$26.8 million) as the first economic injection to reactivate a project that involves the construction of a 42km railway line linking six municipalities in Cochabamba, which will help to address the problem of traffic congestion and improve passenger transport.

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Reflecting the positive outlook for the short term, according to the Instituto Nacional de Estadística (INE), the total number of buildings permits approved in the country increased by 86.2% in the first seven months of 2021, increasing from 1,408 in January-July 2020 to 2,621 in January-July 2021, while the floor area of construction plans approved grew by 92.3%, increasing from 675,800m2 to 1.3 million m2 over the same period. The construction industry’s output over the forecast period will be supported by investments on infrastructure, energy, hydrocarbon, and industrial projects. The gradual recovery in oil and natural gas production, coupled with the reactivation of halted infrastructure projects, is expected to attract public and private sector investments in the industry in the short and medium term.

HTF’s Construction Market in Bolivia - Country Briefing (H2 2021) report provides detailed market analysis, information, and insights into the Bolivian construction industry, including -

- The Bolivian 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 Bolivian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

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Construction Market in Bolivia Scope:
This report provides a comprehensive analysis of the construction industry in Bolivia. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Bolivia, 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 HTF'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 HTF's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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Actual Numbers & In-Depth Analysis of Construction Market in Bolivia - Key Trends and Opportunities (H2 2021) Market Size Estimation and Trends Available in Full Version of the Report.

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