Construction in Bolivia - Key Trends and Opportunities (H1 2021)

Construction in Bolivia - Key Trends and Opportunities (H1 2021)

Summary

Bolivias construction industry is expected to expand by 20.4% in real terms in 2021 - up from an unprecedented decline of 27.3% last year. Although this strong growth mostly reflects the very low base in 2020, the industrys output this year will also be supported by the gradual recovery in economic conditions and the reactivation of construction works that were temporarily disrupted in 2020. The outbreak of the Coronavirus (COVID-19) pandemic, preventive lockdowns to restrict its spread, a fall in oil and natural gas production (the countrys main export) and the political unrest in the country have all weighed on business confidence, thereby holding back investments in 2020. Following the resignation of the former president, Evo Morales, former Senator Jeanine Anez took over the office as interim president until a re-run election was held later in October 2020. During the administration of Ms. Anez, some of the major projects were affected, as public investments were curtailed, in line with macro-economic adjustments to rebuild reserves and improve the countrys resilience to future shocks.

According to the Instituto Nacional de Estadstica (INE), the construction industry was severely affected in the first half of 2020, as the public and private sector works were completely paralyzed in April and were partially affected in May and June 2020. As a result, the industrys value-add plummeted by 50.9% year on year (YoY) in the first half of 2020, making it one of the hardest-hit industries during that period.
Although the construction industry is forecast to register growth this year, its output in the short term could be affected by the decline in construction permits approved in the country. According to the INE, the total number of construction permits approved fell by 38.2% YoY in 2020, while the total floor area of construction plans approved fell by 42% YoY in that year. On a positive note, the current president Luis Arce promised to prioritize public investments to reactivate economic growth.

In the General State Budget (PGE) for 2021, approved in December 2020, the government allocated BOB27.7 billion (US$4 billion) towards public investments, 36.2% of which is allocated for infrastructure projects. GlobalData expects the country to register an annual average growth of 5% between 2022-2025, supported by investments on infrastructure, energy, hydrocarbon, and industrial projects. The gradual recovery in oil and natural gas production, coupled with the reactivation of halted infrastructure projects, is expected to attract public and private sector investments in the industry in the short and medium term.

This report provides detailed market analysis, information, and insights into Bolivias construction industry, including -
- Bolivias construction industrys 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 Bolivias 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 (2016-2020) and forecast (2021-2025) 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 GlobalDatas 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 GlobalDatas critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

1 Construction Outlook
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project Analytics
5 Construction Market Data
6 About GlobalData
6.1 Definitions

List Of Tables


Table 1: Construction Industry Key Data
Table 2: Bolivia, Top Construction Projects by Value
Table 3: Bolivia, Construction Output Value (Real, US$ Million)
Table 4: Bolivia, Construction Output Value (Nominal, BOB Million)
Table 5: GlobalData Construction Market Definitions

List Of Figures


Figure 1: Bolivia, Construction Output Value (Real, US$ Million, 2017 Prices and Exchange Rate), 2016-2025
Figure 2: Bolivia, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 3: Latin America, Construction Output (Real % Change), 2020 and 2021
Figure 4: Bolivia, Construction Projects Pipeline by Sector (US$ Million)
Figure 5: Bolivia, Construction Value-Add, in BOB Million, Constant 1990 Prices, % Change YoY
Figure 6: Bolivia, Gross Fixed Capital Formation, in BOB Million, Constant 1990 Prices, % Change YoY
Figure 7: Bolivia, Number of Construction Plans Approved, and Floor Area of Construction Plans Approved (in thousand m2), % Change YoY
Figure 8: Bolivia, International Visitor Arrivals, In Thousands, % Change YoY
Figure 9: Bolivia, Volume Index of Mineral Production, 1990=100, % Change YoY
Figure 10: Bolivia, Exports, in US$ Million, % Change YoY
Figure 11: Bolivia, Production of Petroleum and Natural Gas % Change YoY
Figure 12: Bolivia, Construction Projects Pipeline, Value by Stage (US$ Million)

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