Construction in Venezuela - Key Trends and Opportunities to 2018, New Report Launched

The Venezuelan construction industry increased in value at a compound annual growth rate (CAGR) of 29.17% in nominal terms during the review period (2009–2013). This growth was supported by a large-scale housing program undertaken by the government, infrastructure projects in railways and energy, and continuation of social spending initiatives. The construction industry is expected to fare slightly better over the forecast period (2014–2018), as a result of an anticipated economic recovery, the government’s focus on residential construction, and improved export demand. The industry is anticipated to post a forecast-period CAGR of 22.53%. However, with high inflation in the country, the industry’s output growth rate in real terms is expected to be lower over the forecast period.

This report provides detailed market analysis, information and insights into the Venezuelan construction industry, including:

• The Venezuelan 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 Venezuela
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Venezuelan construction industry
• Profiles of the leading operators in the Venezuelan construction industry
• Data highlights of the largest construction projects in Venezuela

Scope

This report provides a comprehensive analysis of the construction industry in Venezuela. It provides:

• Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Venezuela 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 Venezuela

Reasons to Buy

• Identify and evaluate market opportunities using Timetric'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 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

• According to the country’s office of national statistics, Instituto Nacional de Estadística (INE), the construction industry’s contribution to the country’s GDP declined from 8.0% in 2012 to 7.7% in 2013. Moreover, the construction industry’s output at constant prices declined by 2.3%, from VEF4.9 billion (US$1.1 billion) in 2012 to VEF4.8 billion (US$783.5 million) in 2013, due to the deteriorating business environment, currency depreciation and high inflation. Forecast-period growth in the industry is expected to be supported by the government’s Great Housing Mission, a social spending program introduced by the government in 2011.
• In a bid to stimulate the country’s housing market and maintain a balance between supply and demand for affordable housing, the government introduced a new housing law in March 2014. Under the new law, a homeowner who has three or more housing units, with a rented unit for more than 20 years, is obliged to sell their rental units to tenants at a fair price. The law is expected to reduce the monopoly in the housing market and provide a solution to low-income families’ housing problems. The government believes that the new law will tackle a chronic housing shortage, which will support the growth of residential construction market over the forecast period.
• In September 2014, a series of cooperation agreements were signed between the Venezuelan government and the Chinese government to develop the housing market. Accordingly, under the Chinese-Venezuela Fund, VEF16.5 billion (US$2.0 billion) will be invested in the Venezuelan housing market.
• In March 2014, China and Russia agreed to finance Venezuela with VEF57.8 billion (US$7.0 billion) to develop domestic infrastructure and oil projects. Accordingly, China agreed to provide a VEF41.3 billion (US$5.0 billion) loan under the China-Venezuela Fund, which will be used to finance large infrastructure projects. A VEF16.5 billion (US$2.0 billion) memorandum of understanding (MoU) was signed between Russia’s state-run OAO Rosneft and Venezuela to finance oil projects. This is expected to drive growth in the infrastructure construction market over the forecast period.
• With the aim of increasing oil production to 6 million barrels per day by 2019, PDVSA signed an agreement with France’s Perenco, an oil and gas company, in March 2014 to develop oil wells. The total investment for this project is anticipated to be VEF3.5 billion (US$420.0 million) and is expected to support growth in the energy infrastructure construction over the forecast period.

Spanning over 66 pages, “Construction in Venezuela – Key Trends and Opportunities to 2018” report covering the  Executive Summary, Market Overview, Commercial Construction, Industrial Construction, Infrastructure Construction,  Institutional Construction, Residential Construction, Company Profile: Constructora Norberto Odebrecht de Venezuela C.A., Company Profile: Tecnoconsult, SA, Company Profile: Vepica C.A., Company Profile: The Y&V Group, Company Profile: Inelectra SAC.A., Market Data Analysis, Appendix. The report covered companies are - Constructora Norberto Odebrecht de Venezuela CA, Tecnoconsult, SA, Vepica CA, The Y&V Group, Inelectra SACA

Know more about this report at – http://mrr.cm/ZVD