Uruguay Construction Market Report 2022: Industry Grew by 6% in Real Terms in 2021 - Size, Trends and Forecasts, 2016-2021 & 2021-2026 - ResearchAndMarkets.com

The "Uruguay Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The construction industry in Uruguay grew by 6% in real terms in 2021, following growth of 2.1% in 2020, despite the disruptions caused by the Coronavirus (COVID-19) pandemic.

The overall construction activity in Uruguay has been relatively stable compared to the performances in other markets across Latin America amid the COVID-19 pandemic.

According to the Banco Central del Uruguay (BCU), the construction industry's value-add grew marginally by 0.6% year on year (YoY) in the fourth quarter of 2021, preceded by Y-o-Y growth rates of 10.3% in Q3 and 14.1% in Q2 2021, supported by the resumption of all energy and transportation infrastructure projects.

The publisher expects the construction industry to grow by 1.8% in real terms in 2022, and then expand at an annual average rate of 2.6% between 2023 and 2026, supported by the government's investment on the development of transport infrastructure and energy and utilities construction projects. Improvements in consumer and investor confidence and positive developments in regional economic conditions will also provide momentum.

To develop the country's road infrastructure, the Ministry of Transport and Public Works has a spending plan of UYU23.4 billion (US$503.6 million) in 2022, UYU14.4 billion (US$309.9 million) in 2023 and UYU11.4 billion (US$245.3 million) in 2024. Of the total, nearly 20% of this amount will be spent on the development and improvement of transport infrastructure.

Additionally, the construction industry's output will also be supported by financial assistance provided by multilateral development banks. In March 2021, the Corporacion Andina de Fomento (CAF) approved a loan of UYU13.2 billion (US$284.1 million) to the National Administration of Power Plants and Electric Transmissions (UTE); this financing will aid growth in the country's energy sector over the medium term.

In November 2021, the Fonplata Development bank issued a loan of UYU1.8 billion (US$38.7 million) to Corporacion Vial del Uruguay (CVU - Road Corporation of Uruguay), for the execution of public infrastructure works across the country for two years. Moreover, in December 2021, the Inter-American Development Bank (IDB) Group approved a loan of UYU2.9 billion (US$62.4 million) for the repair and maintenance of road infrastructure across the country.

Scope

• Historical (2016-2021) and forecast (2021-2026) 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

Reasons to Buy

• Identify and evaluate market opportunities using the publisher'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 the publisher's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221011005995/en/