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Argentina Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

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    Report

  • 48 Pages
  • September 2024
  • Region: Argentina
  • GlobalData
  • ID: 5782612
Description Jump to:

The Construction in Argentina - Key Trends and Opportunities to 2028 (Q3 2024) report provides detailed market analysis, information, and insights into the Argentine construction industry, including :

  • The Argentine construction industry 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 Argentine 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 construction industry in Argentina is expected to register a sharp decline of 18.2% in real terms in 2024, owing to declining building permits and project budget cuts, coupled with high inflation and construction material costs. According to the National Institute of Statistics and Census of Argentina (INDEC), the total area authorized for building permits by 176 municipalities fell by 15.8% year on year (YoY) in the first four months of 2024, preceded by an annual decline of 15.2% in 2023. President Javier Milei's austerity drive has abetted the devaluation of Argentina’s peso - 50% against the US dollar as of December 2023 - and public spending cuts on several infrastructure and education projects similarly contribute to waning output. In April 2024, universities nation-wide declared a financial emergency, objecting to the decision to keep the funding for the educational sector in 2024 unchanged from the previous year, despite a nearly 290% inflation rate in March 2024.

Over the remainder of the forecast period, however, the construction industry is expected to recover and register an average annual growth rate of 4.6% from 2026 to 2028, supported by investments in renewable energy, oil and gas production, and lithium manufacturing. Genneia - a local renewable energy developer - is planning to develop two solar projects in Mendoza by the end of 2025, with an investment of ARS347.3 billion ($250 million). Additionally, the “Energy Transition Plan” launched in July 2023, which includes increasing the renewable energy share from 37% (2023) to 57% (2030) will also support growth in the forecasted period; this is planned to be achieved by developing 5,000km of new transmission lines across the country by the end of 2030. Furthermore, in another development, Eramine Sudamérica - an Argentine subsidiary of the French mining company, Eramet, and Chinese stainless steel and nickel producer, Tsingshan - announced plans to invest ARS1.1 trillion ($800 million) for building a second lithium production plant in Salta in July 2024.

Scope

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

  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Argentina, 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.

Table of Contents

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
  • About the Analyst
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Argentina, Key Economic Indicators
Table 3: Argentina, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Argentina, Top Commercial Construction Projects by Value
Table 5: Argentina, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Argentina, Top Industrial Construction Projects by Value
Table 7: Argentina, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Argentina, Top Infrastructure Construction Projects by Value
Table 9: Argentina, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Argentina, Top Energy and Utilities Construction Projects by Value
Table 11: Argentina, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Argentina, Top Institutional Construction Projects by Value
Table 13: Argentina, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Argentina, Top Residential Construction Projects by Value
Table 15: Argentina, Key Contractors
Table 16: Argentina, Key Consultants
Table 17: Argentina, Construction Output Value (Real, $ Million)
Table 18: Argentina, Construction Output Value (Nominal, ARS 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: Argentina, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Argentina, Risk Summary
Figure 4: Argentina, Risk Regional Comparison
Figure 5: Argentina, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Argentina, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Argentina, Construction Value Add (ARS Million, 2004 Constant Prices)
Figure 8: Argentina, Synthetic Indicator of Construction Activity (2004=100)
Figure 9: Argentina, Total Area Authorized for Building Permits (In Thousand m2)
Figure 10: Argentina, Gross Fixed Capital Formation, in ARS Million
Figure 11: Argentina, Number of Workers Registered in the Construction Industry
Figure 12: Argentina, Construction Projects Momentum Index
Figure 13: Latin America, Construction Projects Momentum Index
Figure 14: Argentina, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: Argentina, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Argentina, Total Foreign Tourist Arrivals (In Thousands)
Figure 17: Argentina, Wholesale, Retail, and Repair Value Add (ARS Million, 2004 Constant Prices)
Figure 18: Argentina, Hotels and Restaurants Value Add (ARS Million, 2004 Constant Prices)
Figure 19: Argentina, Total Retail Sales (ARS Million, December 2016 Constant Prices)
Figure 20: Argentina, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Argentina, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Argentina, Manufacturing Industry Value Add (ARS Million, 2004 Constant Prices)
Figure 23: Argentina, Manufacturing Production Index (2004=100)
Figure 24: Argentina, Total Export Value ($ Million)
Figure 25: Argentina, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: Argentina, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Argentina, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 28: Argentina, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Argentina, Electricity, Gas, and Water Sector Value Add (ARS Million, 2004 Constant Prices)
Figure 30: Argentina, Net Electricity Generation (GWh)
Figure 31: Argentina, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 32: Argentina, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Argentina, Education Value Add (ARS Million, 2004 Constant Prices)
Figure 34: Argentina, Social and Health Services Value Add (ARS Million, 2004 Constant Prices)
Figure 35: Argentina, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 36: Argentina, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Argentina, Real Estate, Business, and Rental Activities Value Add (ARS Million, 2004 Constant Prices)
Figure 38: Argentina, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 39: Argentina, Headquarters of Key Consultants (% of Total Project Pipeline)

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