Chile Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

The Construction in Chile - Key Trends and Opportunities to 2028 (H2 2024) 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.

The analyst expects the Chilean construction industry to contract by 1.6% in real terms in 2024, owing to high inflation, interest rates, and rising construction material costs. According to the Banco Central de Chile, the construction industry’s value add fell by 1.1% year on year (YoY) in Q1 2024, preceded by Y-o-Y decline of 2.4% in Q4 and 0.4% in Q3 2023. A decline in investor and developer confidence, arising from ongoing weakness in the residential sector, amid a continuous drop in residential permits, will further weigh down the Chilean construction industry in the short to medium term. According to the Chilean Chamber of Construction (CChC), the total number of new residential construction permits issued declined by 6.2% YoY in the first four months of 2024, whereas the total area of residential permits issued fell by 1% YoY during the same period. Overall, the total number of residential building permits issued fell by 27.7% and the total area fell by 28.8% in 2023.

Over the remainder of the forecast period, the construction industry is expected to rebound at an annual average growth rate of 4.1% (2025-28), supported by investment in energy, transportation, and mining sectors. In March 2024, Chilean copper producer, Minera Centinela, announced plans to expand its copper plant in the Centinela mines with an investment of CLP2.1 trillion ($2.5 billion). The project includes the construction of a new concentrator plant to increase the capacity by 140,000 tons annually by 2027. Furthermore, in March 2024, Mario Marcel - the Minister of Finance - announced plans add 3-4 lithium plants by 2026. In May 2024, the government published its Green Hydrogen Action Plan (2023-30), following the completion of the consultation process. This plan includes 81 actions across 18 categories to help Chile attain carbon neutrality by 2050. Under this, the government will lower taxes for the hydrogen projects, reduce permit times by 30%, and provide CLP856.5 billion ($1 billion) funding to the hydrogen projects by 2030. Growth over the forecasted period will be also supported by concession contracts worth CLP15.1 trillion ($17.6 billion) - announced by the government in May 2024 for the period 2024-28 - which includes 43 projects for transport, public buildings, water, and disaster safety projects.

Scope

This report provides a comprehensive analysis of the construction industry in Chile. It provides :

Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Chile, 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 the analyst'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 the analyst's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments

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 CRI Methodology
7.4 the analyst Construction

Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Chile, Key Economic Indicators
Table 3: Chile, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Chile, Top Commercial Construction Projects by Value
Table 5: Chile, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Chile, Top Industrial Construction Projects by Value
Table 7: Chile, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Chile, Top Infrastructure Construction Projects by Value
Table 9: Chile, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Chile, Top Energy and Utilities Construction Projects by Value
Table 11: Chile, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Chile, Top Institutional Construction Projects by Value
Table 13: Chile, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Chile, Top Residential Construction Projects by Value
Table 15: Chile, Key Contractors
Table 16: Chile, Key Consultants
Table 17: Chile, Construction Output Value (Real, $ Million)
Table 18: Chile, Construction Output Value (Nominal, CLP Billion)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Latin America, Construction Output (Real % Change), 2022-28
Figure 2: Chile, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Chile, Risk Summary
Figure 4: Chile, Risk Regional Comparison
Figure 5: Chile, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Chile, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Chile, Construction Value Add (Constant 2018 Prices, CLP Billion)
Figure 8: Chile, Gross Fixed Capital Formation, Constant 2018 Prices, % Change YoY
Figure 9: Chile, Number of Workers in the Construction Industry, In Thousands
Figure 10: Chile, Total Area of New Building Permits Issued, % Change YoY
Figure 11: Chile, IMACEC Economic Activity Index (2018=100, % Change YoY)
Figure 12: Chile, Construction Materials and Supplies Price Index (IPMIC), 2019
Figure 13: Chile, Construction Projects Momentum Index
Figure 14: Latin America, Construction Projects Momentum Index
Figure 15: Chile, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 16: Chile, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Chile, IMACEC Economic Activity Index in the Services Sector, 2018=100
Figure 18: Chile, IMACEC Economic Activity Index for Wholesale and Retail Trade, 2018=100
Figure 19: Chile, Foreign Tourist Arrivals (In Thousands)
Figure 20: Chile, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Chile, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Chile, Industrial and Manufacturing Production Indices (2014=100, % Change YoY)
Figure 23: Chile, Mining Production Indices, 2014=100
Figure 24: Chile, Copper Production, In Thousand Tonnes
Figure 25: Chile, Exports (in $ million)
Figure 26: Chile, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Chile, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Chile, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: Chile, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Chile, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Chile, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Chile, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 33: Chile, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Chile, Number of Residential Building Permits Issued
Figure 35: Chile, Hedonic Property Price Index
Figure 36: Chile, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Chile, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Chile - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into the Chilean construction industry, including :

Scope

This report provides a comprehensive analysis of the construction industry in Chile. It provides :

Reasons to Buy

Table of Contents

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