Ethiopia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Ethiopia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Summary

GlobalData’s Construction in Ethiopia - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information and insights into the Ethiopian construction industry, including -

• The Ethiopian 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 Ethiopian 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 Ethiopia is expected to expand in real terms by 8.7% in 2024, supported by investments in the country’s commercial, transport infrastructure, and renewable energy sectors, along with increased electricity exports. According to the state utility firm Ethiopian Electric Power (EEP), Ethiopia generated ETB8.3 billion ($140 million) from energy exports in the fiscal year (FY) 2023-24 (July 2023-July 2024), an increase of 16% compared to FY2022-23. In August 2024, the government approved ETB971.2 billion ($16.5 billion) Budget for the FY2024-25, an increase of 21.1% compared to previous FY budget. Of this amount, ETB451.3 billion ($7.7 billion) was allocated for recurrent spending and ETB283.2 billion ($4.8 billion) for capital expenditures. However, weak currency valuation, high inflation and cancellation of projects due to security concerns are expected to pose downside risk to the construction industry in the short term. In September 2024, the African Development Bank announced that the construction of a critical section of the northern corridor road, connecting Kenya, Ethiopia, and Somalia, was delayed due to security concerns arising from an increase in Al-Shabaab attacks.

Scope

This report provides a comprehensive analysis of the construction industry in Ethiopia. It provides -

• Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Ethiopia, 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 our 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 business strategies using GlobalData's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors