Uruguay Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026
Summary
The construction industry in Uruguay is estimated to expand by 7.7% in real terms in 2022, following an annual growth of 6% in 2021. The industry’s growth in 2022 will be supported by an improvement in consumer and investor confidence amid recovery in the Coronavirus (COVID-19) situation, coupled with government investments in infrastructure development. The industry’s growth is however expected to slow to 2.5% in 2023, owing to headwinds caused by a rise in inflation, construction material prices, and interest rates. According to the INE (National Institute of Statistics), the average construction cost index rose by 8.4% year-on-yar (YoY) in the first ten months of 2022. This increase is attributed to the rise in prices of both labor (8.3% YoY) and material (8.1% YoY).
GlobalData expects the industry to rebound at an annual average growth rate of 2.7% from 2024 to 2026, supported by investment in transport and electricity infrastructure development. As part of the National Road Infrastructure Plan 2020-2025, the Ministry of Transport and Public Works (MoTP) will invest UTYU137.6 billion ($3.3 billion) on road infrastructure projects, until 2025. The plan involves work on 7,692km of roads - equivalent to 81.1% of the country’s total road network. The plan is to maintain 4,440km of road, upgrade 2,610km of road, and build 642km of new road, until 2025. Additionally, the government will also invest UYU4.9 billion ($118 million) to build 100 new roundabouts and 10 new interchanges, during this period.
The report provides detailed market analysis, information, and insights into Uruguay’s construction industry, including -
- Uruguay’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 Uruguay’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 Uruguay. It provides -
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Uruguay, 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: Uruguay, Top Construction Projects by Value
- Table 3: Uruguay, Construction Output Value (Real, $ Million)
- Table 4: Uruguay, Construction Output Value (Nominal, UYU Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Uruguay, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-26
- Figure 2: Uruguay, Construction Output Value, by Sector (Real, $ Million), 2017-26
- Figure 3: Latin America, Construction Output (Real % Change), 2020-26
- Figure 4: Uruguay, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 5: Uruguay, Construction Value Add, Constant 2016 Prices, (UYU Million)
- Figure 6: Uruguay, Total Exports, In Million Dollars
- Figure 7: Uruguay, Electric Power, Gas and Water Value Add, Constant 2016 Prices, (UYU Million)
- Figure 8: Uruguay, Construction Cost Index, 1999=100
- Figure 9: Uruguay, Commerce, Accommodation and Supply of Food and Beverages Value Add, Constant 2016 Prices (UYU Million)
- Figure 10: Uruguay, Public Administration Activities, Constant 2016 Prices (UYU Million)
- Figure 11: Uruguay, Health, Education, Real Estate Activities Value Add, Constant 2016 Prices (UYU Million)
- Figure 12: Uruguay, Manufacturing Industry’s Physical Volume Index (2018=100)
- Figure 13: Uruguay, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 14: Uruguay, Risk Summary
- Figure 15: Uruguay, Risk Regional Comparison
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