Ecuador Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
Summary
GlobalData forecasts Ecuador’s construction industry will record an annual growth of 7.7% in 2022 in real terms, preceded by an annual contraction of 6.6% in 2021. Growth in 2022 was largely due to a low base effect from the previous year, though growth was aided by an increase in private investment and public-private partnerships. In March 2022, the Minister of Production, Foreign Trade, and Investment Julio José Prado stated that the country expects private investment of $1.2 billion by the end of 2022, and close to $6 billion over the next three to four years, especially in sectors such as mining and renewable energy, as well as the industrial and manufacturing industry. Despite the improvement projected in 2022, the construction industry witnessed a slowdown in the first quarter of 2022, which mostly reflects supply-side issues and price pressures dampening effect on construction activities, along with low dynamism to invest. Construction value add fell by 0.5% in the first quarter of 2022, falling from $1.106 billion in Q1 2021 to $1.100 billion in Q1 2022, and was preceded by an annual decline of 6.6% in 2021. The country’s total investment in fixed capital grew by 4% year on year (YoY) in Q1 2022, preceded by Y-o-Y growth of 3.9% in Q4 and 9.9% in Q3 2021.
The construction industry is expected to register an annual average growth of 3.6% between 2023 and 2026, supported by investment in transport, oil, electricity, education, and housing infrastructure projects. These projects include several road infrastructure and logistics developments. In April 2022, Ecuador’s Government announced plans to carry out a series of road projects requiring an investment of around $14 billion before President Guillermo Lasso’s term ends in May 2025, including a 996km multipurpose rail project with two branches for transporting minerals. Along with this, the government also has planned projects in various sectors that involve total spending of around $30 billion by 2025. This includes major projects such as the $86.1 million Loja-Catamayo highway, the $63.9 million Montecristi-La Cadena Road Rehabilitation project, and the $53.8 million Santo Domingo logistic platform.
The report provides detailed market analysis, information and insights into Ecuador’s construction industry, including -
- Ecuador’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 Ecuador’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
This report provides a comprehensive analysis of the construction industry in Ecuador. It provides -
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Ecuador, 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
- Identify and evaluate market opportunities using GlobalData'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 GlobalData's 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. Risk Profile
- 7. About GlobalData
- 7.1 Definitions
- 7.2 CRI Methodology
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Ecuador, Top Construction Projects by Value
- Table 3: Ecuador, Construction Output Value (Real, $ Million)
- Table 4: Ecuador, Construction Output Value (Nominal, $ Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Ecuador, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-26
- Figure 2: Ecuador, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 3: Latin America, Construction Output (Real % Change), 2020-26
- Figure 4: Ecuador, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 5: Ecuador, Construction Value Add ($ Million, 2007 Constant Prices)
- Figure 6: Ecuador, Gross Fixed Capital Formation ($ Million, 2007 Constant Prices)
- Figure 7: Ecuador, Oil Sector’s Value Add ($ Million, 2007 Constant Prices)
- Figure 8: Ecuador, Petroleum Refining Sector Value Add ($ Million, 2007 Constant Prices)
- Figure 9: Ecuador, Accommodation and Food Services Value Add ($ Million, 2007 Constant Prices)
- Figure 10: Ecuador, Total Exports ($ Million)
- Figure 11: Ecuador, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 12: Ecuador, Risk Summary
- Figure 13: Ecuador, Risk Regional Comparison
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