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Bolivia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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    Report

  • 21 Pages
  • March 2022
  • Region: Bolivia
  • GlobalData
  • ID: 5591379
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The Bolivian construction industry is expected to expand by 9.5% in real terms in 2022, before moderating to an annual average growth rate of 4.1% over the remainder of the forecast period. The industry’s output in 2022 will be supported by investments in the country’s transport, health, and education infrastructure projects, coupled with the government’s plan to spend on various projects in the industrial sector, as part of the country’s industrialization plan. In the initial part of the forecast period, the industry’s growth will also be supported by a rise in the total number and floor area of building permits approved in the country last year. According to the Instituto Nacional de Estadística (INE), the total number of buildings permits grew by 26.4%, while the total floor area of construction plans approved grew by 19.4% in 2021.

The current president, Luis Arce, promised to prioritize public investments to reactivate economic growth. In the 2022 General State Budget (PGE), BOB34.5 billion ($5 billion) was allocated for public investments in 2022 - which is 25% higher than that allocated in 2021. As part of the 2021 budget, the Bolivian Highway Administration (ABC) executed 76 road maintenance projects, while nine rehabilitation projects were under execution, as of late 2021. Moreover, in July 2021, the government announced that it will spend BOB4.5 billion ($651.2 million) on restarting pending projects in 2021-2022. Moreover, in October 2021, the Chamber of Deputies approved the Economic and Social Development Plan (PDES) 2021 - 2025, to rebuild the economy. The plan includes an investment of BOB229.4 billion ($33.2 billion) over the next five years in the production, infrastructure, and social sectors - mainly health and education.

Forecast-period growth in the Bolivian construction industry will also be supported by investments in infrastructure, energy, hydrocarbon, and industrial projects. The gradual recovery in oil and natural gas production, coupled with the reactivation of halted infrastructure projects, has bolstered investor sentiment. In February 2022, the ABC revealed details of projects that are currently underway; this includes the Rurrenabaque - Riberalta highway project in Beni (508.7km), the Espino - Charagua - Boyuibe project in Santa Cruz (159.4km), and the El Sillar double track section project in Cochabamba (30km), among others. In addition, works restarted on the construction of bridges and highways, especially in the Uyuni - Tupiza, and the San Buena Ventura - Tumupasa and Rurrenabaque - Ixiamas sections.

The report provides detailed market analysis, information, and insights into the Bolivian construction industry, including:

  • The Bolivian 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 Bolivian 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 Bolivia. It provides:

  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Bolivia, 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

1. Construction Outlook2. Construction Industry: At-a-Glance3. Latest News and Developments4. Project Analytics5. Construction Market Data6. Risk Profile
7. About the Publisher
7.1 Definitions
7.2 CRI Methodology
List of Tables
Table 1: Construction Industry Key Data
Table 2: Bolivia, Top Construction Projects by Value
Table 3: Bolivia, Construction Output Value (Real, $ Million)
Table 4: Bolivia, Construction Output Value (Nominal, BOB Million)
Table 5: Publisher Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Bolivia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-2026
Figure 2: Bolivia, Construction Output Value, by Sector (Real, $ Million), 2017-2026
Figure 3: Latin America, Construction Output (Real % Change), 2020 - 2026
Figure 4: Bolivia, Construction Output by Sector (Real % Change), 2020 - 2022 and 2023 - 2026
Figure 5: Bolivia, Construction Value Add, in BOB Million, Constant 1990 Prices
Figure 6: Bolivia, Gross Fixed Capital Formation, in BOB Million, Constant 1990 Prices
Figure 7: Bolivia, Number of Construction Plans Approved, and Floor Area of Construction Plans Approved (in thousand m2)
Figure 8: Bolivia, Manufacturing Value Add (BOB Million, Constant 1990 Prices)
Figure 9: Bolivia, Crude Oil and Natural Gas Value Add (BOB Million, Constant 1990 Prices)
Figure 10: Bolivia, International Visitor Arrivals, In Thousands
Figure 11: Bolivia, Volume Index of Mineral Production, 1990=100
Figure 12: Bolivia, Exports, in $ Million
Figure 13: Bolivia, Production of Petroleum and Natural Gas % Change YoY
Figure 14: Bolivia, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Bolivia, Risk Summary
Figure 16: Bolivia, Risk Regional Comparison