Notice: Global Information Announces Listing on JASDAQ Standard Market of the Tokyo Stock Exchange

Cover Image
Market Research Report

Construction in Colombia - Key Trends and Opportunities to 2025

Published by GlobalData Product code 345399
Published Content info 47 Pages
Delivery time: 1-2 business days
Price
Back to Top
Construction in Colombia - Key Trends and Opportunities to 2025
Published: February 12, 2021 Content info: 47 Pages
Description

Colombia's construction industry is forecast to partially recover by 11.5% in 2021, after contracting by an estimated 22.8% in 2020. In 2022, the industry is projected to continue to recover to register an increase of 5.9%, and then expand by 3.2% over the remainder of the forecast period (2023-2025). The continuity of governmental programs that promote the development and financing of housing, such as Mi Casa Ya and Viviendas de Interest Social or Social Interest Housing (VIS) and Non-VIS, together with plans to accelerate the implementation of infrastructure works under the fourth generation (4G) road concession program, are expected to continue to support the expansion of the industry in the next years.

However, uncertainty over the duration of the pandemic and the lifting of lockdown restrictions due to issues related to new virus mutations, vaccine efficacy, production, distribution, or hesitancy present major challenges to the recovery of the sector and the wider economy. The second wave of COVID-19 infections (which started during the Christmas holidays) have already forced local authorities to impose new lockdown measures and travel restrictions across major cities. Furthermore, subdued oil prices, excessive bureaucracy and risks associated with social unrest-which could reignite once lockdown restrictions are lifted-as well as the outcome of the presidential elections next year pose further risks to the sector's prospects.

Before the new lockdowns started in December, the Central Bank of Colombia expected the economy to grow between 3% and 7% in 2021, compared with a contraction of between 6.5% and 9% in 2020. However, the bank now expects the country's economy to expand between 2% and 6% this year, and left its benchmark interest rate unchanged at 1.75%-a record low-during its last meeting on January 30, as the second-round of COVID-19 cases and new lockdown restrictions are anticipated to weigh on economic activity, especially during the first quarter of 2021.

In August 2020, President Ivan Duque launched 'Compromiso por Colombia', an investment plan worth COP100 billion (US$30.2 billion) that seeks to reactivate the country's economy and generate more than one million jobs over the next two years. The plan focuses on attracting more private and foreign investment in infrastructure through public and private partnerships in sectors such as transport, energy, water and sewerage, telecommunications, tourism, and hotels. The government also has plans to build 149,700 new homes this year and add 150,000 new jobs to the sector.

This report provides detailed market analysis, information, and insights into Colombia's construction industry, including -

  • Colombia's 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 Colombia's 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 Colombia. It provides -

  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Colombia, 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
Product Code: GDCN0608MR

Table of Contents

Table of Contents

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

4 Construction Outlook

  • 4.1 All Construction
  • 4.2 Commercial Construction
  • 4.3 Industrial Construction
  • 4.4 Infrastructure Construction
  • 4.5 Energy and Utilities Construction
  • 4.6 Institutional Construction
  • 4.7 Residential Construction

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 GlobalData Construction

List of Tables

List of Tables

  • Table 1: Construction Industry Key Data
  • Table 2: Colombia, Key Economic Indicators
  • Table 3: Colombia, Commercial Construction Output by Project Type (real % change), 2016-2025
  • Table 4: Colombia, Top Commercial Construction Projects by Value

List of Figures

List of Figures

  • Figure 1: South and Central America, Construction Output (real % change), 2020 and 2021
  • Figure 2: Colombia, Construction Projects Pipeline by Sector (US$ Billion)
  • Figure 3: Colombia, COVID-19 Confirmed Cases
  • Figure 4: Colombia, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate), 2016-2025
  • Figure 5: Colombia, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
  • Figure 6: Colombia, Construction Value-Add (COP Billion, 2015 Chained Prices)
  • Figure 7: Colombia, Gross Capital Formation (COP Billion, 2015 Chained Prices)
  • Figure 8: Colombia, Total Area Approved for Construction (Thousand m2, % Change YoY)
  • Figure 9: Colombia, Indicator of Investment in Civil Works (IIOC)
  • Figure 10: Colombia, Construction Projects Momentum Index
  • Figure 11: Colombia, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 12: Colombia, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 13: Colombia, Accommodation and Food services Value-Add (COP Billion, 2015 Chained Prices)
  • Figure 14: Colombia, Wholesale and Retail Trade Value-Add (COP Billion, 2015 Chained Prices)
  • Figure 15: Colombia, Non-Resident Visitor Arrivals
  • Figure 16: Colombia, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 17: Colombia, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 18: Colombia, Manufacturing Value-Add (COP Billion, 2015 Chained Prices)
  • Figure 19: Colombia, Manufacturing Production Index (2018=100)
  • Figure 20: Colombia, Total Exports (in US$ Million)
  • Figure 21: Colombia, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 22: Colombia, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 23: Colombia, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 24: Colombia, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 25: Colombia, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 26: Colombia, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 27: Colombia, Education Sector Value-Add (COP Billion, 2015 Chained Prices)
  • Figure 28: Colombia, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
  • Figure 29: Colombia, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 30: Colombia, Real Estate Value-Add (COP Billion, 2015 Chained Prices)
  • Figure 31: Colombia, Total Balance of Mortgage Portfolio (COP Billion)
  • Figure 32: Colombia, Total Number of Social Housing Units Approved
  • Figure 33: Colombia, Housing Price Index (2014=100, % Change YoY)
  • Figure 34: Colombia, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 35: Colombia, Headquarters of Key Consultants (% of Total Project Pipeline)
Back to Top