Construction in Chile - Key Trends and Opportunities to 2018

Published: Jun, 2014 | Pages: 69 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Chilean construction industry including:
The Chilean construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Chile
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Chilean construction industry
Profiles of the leading operators in the Chilean construction industry.
Data highlights of the largest construction projects in Chile 

Summary
The Chilean construction industry recorded a compound annual growth rate (CAGR) of 7.79% during the review period (2009?2013). During the review period, and following the 2010 earthquake, growth was supported by a rapid inflow of foreign direct investment (FDI), low unemployment, reconstruction and modernization work. The growth of the construction industry is expected to remain strong over the forecast period (2014?2018), as the government is increasing its efforts to improve the country's infrastructure, meet the rising demand for residential units and increase investment in the mining and retail industries. The construction industry's output is expected to record a CAGR of 8.90% over the forecast period. 
Scope
This report provides a comprehensive analysis of the construction industry in Chile. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Chile using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Chile 
Reason 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 Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 The construction industry is likely to expand over the forecast period, as a result of healthy inflows of FDI. According to the Foreign Investment Committee, the country attracted a total of CLP11.1 trillion (US$28.2 billion) in FDI in 2012; an increase of 63.0% over 2011. The Pacific Alliance, a Latin American trade bloc comprising Chile, Colombia, Mexico and Peru, received CLP1.0 quadrillion (US$2.1 trillion) as total planned investment for the period 2013-2016. Of this total investment, Chile is likely to receive CLP50.2 trillion (US$102.0 billion) FDI over 2013-2016. Continuous investments in the mining industry and infrastructure will also aid growth of the construction industry over the forecast period. 
During the review period, the Chilean construction industry registered a value add CAGR of 11.07% in nominal terms, reaching a value of CLP10.9 trillion (US$22.9 billion) in 2013. Over the forecast period, the construction value added is expected to register a CAGR of 8.49%, to value CLP16.5 trillion (US$34.4 billion) in 2018. Forecast-period growth will depend upon healthy economic growth, increased investments and favorable business conditions. 
Due to the increasing number of people living in residential areas ? longer distances from prime locations ? retailers are focusing on establishing the mini-malls segment. Due to the healthier economic environment, improving consumer confidence has helped to increase the number of investments in the retail sector. According to a Chilean business newspaper, Pulso is planning to invest CLP3.5 trillion (US$7.1 billion) by 2017. Falabella, a Chilean department store retailer, will make the largest investment of CLP2.0 trillion (US$4.0 billion), which will add 527 stores and 51 malls to its retail portfolio. Other retailers such as Cencosud and Parque Arauco will invest CLP590.3 billion (US$1.2 billion) and CLP221.4 billion (US$450.0 million) respectively. Such developments in the retail sector will support the retail buildings category over the forecast period. 
The residential construction market will be fueled further by projects such as: the Vitacura Cumbres del Condor Residential Complex, valued at CLP17.9 billion (US$37.0 million); the Rancagua Portal Machali Housing Complex, worth CLP18.9 billion (US$39.0 million); and the Papudo Residential Units Development project, worth CLP48.6 billion (US$100.0 million). All of these are expected to be completed over the forecast period. 
In 2012, the government passed a new research and development (R&D) law to stimulate R&D investments and establish Chile as a primary innovation hub in Latin America. Under the law, the corporate taxpayer can claim a tax credit of 35.0% on all R&D projects, with the remaining 65% being tax-deductible in any sector. The law also tripled the maximum amount of tax credit that companies can claim to CLP583.8 billion (US$1.2 million) per year. Over the forecast period, growth in the research facilities category will be supported by the government's efforts to promote R&D activities.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Salfacorp SA
8.1 SalfaCorp SA - Company Overview
8.2 SalfaCorp SA - Business Description
8.3 SalfaCorp SA - Main Products and Services
8.4 SalfaCorp SA - History
8.5 SalfaCorp SA - Company Information
8.5.1 SalfaCorp SA - key competitors
8.5.2 SalfaCorp SA - key employees
9 Company Profile: Besalco SA
9.1 Besalco SA - Company Overview
9.2 Besalco SA - Main Services
9.3 Besalco SA - Company Information
9.3.1 Besalco SA - key competitors
9.3.2 Besalco SA - key employees
10 Company Profile: Socovesa SA
10.1 Socovesa SA - Company Overview
10.2 Socovesa SA - Business Description
10.3 Socovesa SA - Main Services
10.4 Socovesa SA - History
10.5 Socovesa SA - Company Information
10.5.1 Socovesa SA - key competitors
10.5.2 Socovesa SA - key employees
11 Company Profile: TECSA Holding
11.1 TECSA Holding - Company Overview
11.2 TECSA Holding - Main Services
11.3 TECSA Holding - Company Information
11.3.1 TECSA Holding - key competitors
11.3.2 TECSA Holding - key employees
12 Company Profile: Sigdo Koppers SA
12.1 Sigdo Koppers SA - Company Overview
12.2 Sigdo Koppers SA - Main Products and Services
12.3 Sigdo Koppers SA - Company Information
12.3.1 Sigdo Koppers SA - key competitors
12.3.2 Sigdo Koppers SA - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - MS - Salvador Geriatrico Hospital - Santiago
Table 3: Commercial Construction Project 2 - CGAI - Vitacura Commercial Center - Santiago
Table 4: Commercial Construction Project 3 - CGAI - Vi del Mar Hyatt Regency Hotel Development - Chile
Table 5: Industrial Construction Project 1 - Capstone/Kores - Santo Domingo Copper-Iron-Gold Production Facility - Charal
Table 6: Industrial Construction Project 2 - Codelco - Mejillones Molibdenum Processing Plant - Antofagasta
Table 7: Industrial Construction Project 3 - Codelco - Calama Quete Mines Development - Antofagasta
Table 8: Infrastructure Construction Project 1 - Codelco - Chuquicamata Underground Mines Development - Antofagasta
Table 9: Infrastructure Construction Project 2 - MOP - Autopista Costanera Central Motorway Development - Santiago
Table 10: Infrastructure Construction Project 3 - MSA - Santiago Metro Line 3 - Chile
Table 11: Institutiol Construction Project 1 - MOP - New Hospital Antofagasta - Region II
Table 12: Institutiol Construction Project 2 - MoH - Sotero del Rio Hospital Development - Santiago
Table 13: Institutiol Construction Project 3 - MoH - Felix Bulnes Hospital - Santiago
Table 14: Residential Construction Project 1 - Almagro - Residential Buildings Development - Antofagasta
Table 15: Residential Construction Project 2 - IA - Huechuraba Residential Complex Development - Santiago
Table 16: Residential Construction Project 3 - RGI - Edificio Pocuro Ines de Suarez Residential Development - Santiago
Table 17: SalfaCorp SA, Key Facts
Table 18: SalfaCorp SA, Main Products and Services
Table 19: SalfaCorp SA, History
Table 20: SalfaCorp SA, Key Employees
Table 21: Besalco SA, Key Facts
Table 22: Besalco SA, Main Services
Table 23: Besalco SA, Key Employees
Table 24: Socovesa SA, Key Facts
Table 25: Socovesa SA, Main Services
Table 26: Socovesa SA, History
Table 27: Socovesa SA, Key Employees
Table 28: TECSA Holding, Key Facts
Table 29: TECSA Holding, Main Services
Table 30: TECSA Holding, Key Employees
Table 31: Sigdo Koppers SA, Key Facts
Table 32: Sigdo Koppers SA, Main Products and Services
Table 33: Sigdo Koppers SA, Key Employees
Table 34: Chilean Construction Output by Project Type (CLP Million), 2009-2013
Table 35: Chilean Construction Output by Project Type (CLP Million), 2013-2018
Table 36: Chilean Construction Output by Cost Type (CLP Million), 2009-2013
Table 37: Chilean Construction Output by Cost Type (CLP Million), 2013-2018
Table 38: Chilean Construction Output by Activity Type (CLP Million), 2009-2013
Table 39: Chilean Construction Output by Activity Type (CLP Million), 2013-2018
Table 40: Chilean Construction Value Add by Project Type (CLP Million), 2009-2013
Table 41: Chilean Construction Value Add by Project Type (CLP Million), 2013-2018
Table 42: Chilean Commercial Construction Output by Project Type (CLP Million), 2009-2013
Table 43: Chilean Commercial Construction Output by Project Type (CLP Million), 2013-2018
Table 44: Chilean Commercial Construction Output by Cost Type (CLP Million), 2009-2013
Table 45: Chilean Commercial Construction Output by Cost Type (CLP Million), 2013-2018
Table 46: Chilean Commercial Construction Output by Activity Type (CLP Million), 2009-2013
Table 47: Chilean Commercial Construction Output by Activity Type (CLP Million), 2013-2018
Table 48: Chilean Commercial Construction Value Add by Project Type (CLP Million), 2009-2013
Table 49: Chilean Commercial Construction Value Add by Project Type (CLP Million), 2013-2018
Table 50: Chilean Industrial Construction Output by Project Type (CLP Million), 2009-2013
Table 51: Chilean Industrial Construction Output by Project Type (CLP Million), 2013-2018
Table 52: Chilean Industrial Construction Output by Cost Type (CLP Million), 2009-2013
Table 53: Chilean Industrial Construction Output by Cost Type (CLP Million), 2013-2018
Table 54: Chilean Industrial Construction Output by Activity Type (CLP Million), 2009-2013
Table 55: Chilean Industrial Construction Output by Activity Type (CLP Million), 2013-2018
Table 56: Chilean Industrial Construction Value Add by Project Type (CLP Million), 2009-2013
Table 57: Chilean Industrial Construction Value Add by Project Type (CLP Million), 2013-2018
Table 58: Chilean Infrastructure Construction Output by Project Type (CLP Million), 2009-2013
Table 59: Chilean Infrastructure Construction Output by Project Type (CLP Million), 2013-2018
Table 60: Chilean Infrastructure Construction Output by Cost Type (CLP Million), 2009-2013
Table 61: Chilean Infrastructure Construction Output by Cost Type (CLP Million), 2013-2018
Table 62: Chilean Infrastructure Construction Output by Activity Type (CLP Million), 2009-2013
Table 63: Chilean Infrastructure Construction Output by Activity Type (CLP Million), 2013-2018
Table 64: Chilean Infrastructure Construction Value Add by Project Type (CLP Million), 2009-2013
Table 65: Chilean Infrastructure Construction Value Add by Project Type (CLP Million), 2013-2018
Table 66: Chilean Institutiol Construction Output by Project Type (CLP Million), 2009-2013
Table 67: Chilean Institutiol Construction Output by Project Type (CLP Million), 2013-2018
Table 68: Chilean Institutiol Construction Output by Cost Type (CLP Million), 2009-2013
Table 69: Chilean Institutiol Construction Output by Cost Type (CLP Million), 2013-2018
Table 70: Chilean Institutiol Construction Output by Activity Type (CLP Million), 2009-2013
Table 71: Chilean Institutiol Construction Output by Activity Type (CLP Million), 2013-2018
Table 72: Chilean Institutiol Construction Value Add by Project Type (CLP Million), 2009-2013
Table 73: Chilean Institutiol Construction Value Add by Project Type (CLP Million), 2013-2018
Table 74: Chilean Residential Construction Output by Project Type (CLP Million), 2009-2013
Table 75: Chilean Residential Construction Output by Project Type (CLP Million), 2013-2018
Table 76: Chilean Residential Construction Output by Cost Type (CLP Million), 2009-2013
Table 77: Chilean Residential Construction Output by Cost Type (CLP Million), 2013-2018
Table 78: Chilean Residential Construction Output by Activity Type (CLP Million), 2009-2013
Table 79: Chilean Residential Construction Output by Activity Type (CLP Million), 2013-2018
Table 80: Chilean Residential Construction Value Add by Project Type (CLP Million), 2009-2013
Table 81: Chilean Residential Construction Value Add by Project Type (CLP Million), 2013-2018