Peru's construction industry is expected to exhibit a strong rebound in 2021, with construction activity increasing to 40.5% in 2021, following a 14.2% drop in 2020 due to the Coronavirus (COVID-19) pandemic. This is a revision from the previous projection of 29.1%. The resumption of building activity in major infrastructure development projects, a stronger labor market, and a much higher than expected year-on-year (Y-o-Y) expansion in Q2 2021 from a low base in Q2 2020 all contribute to the upward revision. According to the latest data released by the Central Reserve Bank of Peru (BCRP), in October 2021 the country’s construction output increased by 75.2% YoY in the first eight months of 2021, approaching pre-pandemic levels. In addition, the total accumulated public infrastructure investment increased at a Y-o-Y rate of 91.3% in the first nine months of 2021, compared to an annual fall of 32.1% in 2020, according to the Ministry of Economy and Finance.
The industry is expected to contract by 7.8% in 2022, however, as a result of the high base impact of 2021, before stabilizing at an annual growth of 3.7% between 2023 and 2025. The 7.6% increase in the Public Sector Budget Bill for the fiscal year (FY) 2022, announced in August 2021, will support industry output in 2022, with investments of PEN35.8 billion (US$9.9 billion) in education and PEN22.2 billion (US$6.1 billion) in healthcare. Growth over the forecast period is anticipated to be supported by the continued construction of large infrastructure and mining projects such as the Lima and Callao Metro Line 2, the Jorge Chávez Airport Expansion, the Chancay Port Terminal and Mina Justa copper projects, and the expansion of Toromocho. The new government's assurance of restructuring and implementation of new public projects equivalent to private projects in natural gas development and new hydroelectric projects in the coming years will support industry growth.
the publisher’s Construction in Peru - Key Trends and Opportunities to 2025 (H2 2021) 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 -
The industry is expected to contract by 7.8% in 2022, however, as a result of the high base impact of 2021, before stabilizing at an annual growth of 3.7% between 2023 and 2025. The 7.6% increase in the Public Sector Budget Bill for the fiscal year (FY) 2022, announced in August 2021, will support industry output in 2022, with investments of PEN35.8 billion (US$9.9 billion) in education and PEN22.2 billion (US$6.1 billion) in healthcare. Growth over the forecast period is anticipated to be supported by the continued construction of large infrastructure and mining projects such as the Lima and Callao Metro Line 2, the Jorge Chávez Airport Expansion, the Chancay Port Terminal and Mina Justa copper projects, and the expansion of Toromocho. The new government's assurance of restructuring and implementation of new public projects equivalent to private projects in natural gas development and new hydroelectric projects in the coming years will support industry growth.
the publisher’s Construction in Peru - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into Peru’s construction industry, including -
- Peru’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 Peru’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 Peru. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Peru, 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 publisher'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 publisher'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-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
