Market Research Report
Construction in Peru - Key Trends and Opportunities to 2025 (H1 2021)
|Construction in Peru - Key Trends and Opportunities to 2025 (H1 2021)|
Published: June 10, 2021
Content info: 49 Pages
Delivery time: 1-2 business days
Peru's construction industry is now expected to grow by 16.9% in 2021 (a significant adjustment to GlobalData's previous 10.9% growth projection), although most of the growth in the industry for the year is explained by base effects. The latest data from the National Institute of Statistics and Informatics (INEI) showed that Peru's construction output rose at a sharper rate in Q1 2021 despite the ongoing pandemic and political uncertainty. According to the INEI, the higher execution of public works helped construction activity to rise at a year-on-year (Y-o-Y) rate of 40.6% in the first quarter, up from a Y-o-Y increase of 19% in Q4 2020. This brought output closer to its pre-pandemic (Q4 2019) levels and is expected to provide a strong carryover into the Q2 2021 figure. Most construction works in the country were suspended from March 2020 until the end of June, except for essential activities, which would help explain the jump in activity in the first half of 2021.
The construction industry in Peru has been recovering since early July 2020, when restrictions on works were lifted and public and private works were reactivated. Growth over the forecast period is anticipated to be supported by ongoing improvement in the housing market and the continued construction of large infrastructure and mining projects such as the Lima and Callao Metro Line 2, the Jorge Chavez Airport Expansion, the Chancay Port Terminal, the Mina Justa copper project, and the expansion of Toromocho. Public investment is expected to be boosted by the greater execution of reconstruction works in the north of the country, as well as projects under the National Plan of Infrastructure for Competitiveness (PNIC), which started in July 2019, and Special Public Investment Projects.
This report provides detailed market analysis, information and insights into Peru's construction industry, including -
This report provides a comprehensive analysis of the construction industry in Peru. It provides -