Press release
Construction in Colombia - Key Trends and Opportunities to 2019 Detailed Research Report By MarketResearchReports.biz
Description
In real terms, Colombia’s construction industry will continue to expand over the forecast period (2015–2019), albeit at a slower pace due to falling oil prices, which resulted in a decline of export earnings.
The industry’s expansion over the forecast period will be driven by the government’s investments in infrastructure and housing projects. The government aims to develop the country’s rail and road infrastructure, address the housing shortage and increase the renewable energy share in the total energy mix. Measures such as these will continue to drive industry’s growth over the forecast period.
In real terms, the industry’s growth is expected to slow down from a compound annual growth rate (CAGR) of 9.93% during the review period (2010–2014), to 7.10% over the forecast period.
Summary
Timetric’s Construction in Colombia – Key Trends and Opportunities to 2019 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 type of construction activity.
Analysis of equipment, material and service costs for each project type in 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.
Data highlights of the largest construction projects in Colombia
Scope
This report provides a comprehensive analysis of the construction industry in Colombia. It provides:
Historical (2010-2014) and forecast (2015-2019) valuations of the construction industry in Colombia using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction indusry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Colombia
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Reasons To Buy
Identify and evaluate market opportunities using Timetric'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 business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors
Key Highlights
According to the Banco de la República, the central bank of the Republic of Colombia, the housing market remained buoyant in 2014. The average price index of existing homes grew by 5.7%, going from 126.0 in 2013 to 133.1 in 2014. This was preceded by annual growth of 7.8%, 8.3%, 4.5% and 4.5% in 2013, 2012, 2011 and 2010 respectively. The largest increase in existing house prices was recorded in Bogotá, the country’s capital, where the average price of existing homes grew by 7.4%, increasing from 134.0 in 2013 to 143.9 in 2014, while house prices in Medellín, Cali and other cities rose by 5.1%, 4.3% and 6.3% respectively.
Rising energy demand is expected to attract investments in the country’s energy infrastructure over the forecast period. According to the Sistema de Información Eléctrico Colombiano (SIEL), electricity demand in the country increased by 30.2% between 2005 and 2014, increasing from 48,829GWh in 2005 to 63,571GWh in 2014, and is expected to reach 79,541GWh by 2020 and 89,918GWh by 2025.
To improve transport infrastructure, reduce travel time, increase access and improve transport services, Agencia Nacional de Infraestructura (ANI) – a Colombian government agency – is seeking investment of COP200.0 trillion (US$100.0 billion) under the 4G plan in transport infrastructure by 2021; of this total, COP50.0 trillion (US$25.0 billion) will be spent on road infrastructure.
The number of foreign tourist arrivals to Colombia increased in 2014, making tourism one of the main growth industries. According to the Ministry of Commerce, Industry and Tourism, the total number of tourist arrivals in the country grew by 11.9%, going from 3.7 million in 2013 to 4.2 million in 2014. Plans to increase the number of visitors to 5.0 million by 2018 will require significant investment in Colombia’s tourism infrastructure.
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