Argentina Construction Industry Report 2024: Output To Register A Sharp Decline Of 18.2% This Year Before A Projected AAGR Of 4.6% During 2026-2028

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Argentina construction market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)" report has been added to ResearchAndMarkets.com's offering.
The construction industry in Argentina is expected to register a sharp decline of 18.2% in real terms in 2024, owing to declining building permits and project budget cuts, coupled with high inflation and construction material costs.

According to the National Institute of Statistics and Census of Argentina (INDEC), the total area authorized for building permits by 176 municipalities fell by 15.8% year on year (YoY) in the first four months of 2024, preceded by an annual decline of 15.2% in 2023.

President Javier Milei's austerity drive has abetted the devaluation of Argentina's peso - 50% against the US dollar as of December 2023 - and public spending cuts on several infrastructure and education projects similarly contribute to waning output. In April 2024, universities nation-wide declared a financial emergency, objecting to the decision to keep the funding for the educational sector in 2024 unchanged from the previous year, despite a nearly 290% inflation rate in March 2024.
Over the remainder of the forecast period, however, the construction industry is expected to recover and register an average annual growth rate of 4.6% from 2026 to 2028, supported by investments in renewable energy, oil and gas production, and lithium manufacturing. Genneia - a local renewable energy developer - is planning to develop two solar projects in Mendoza by the end of 2025, with an investment of ARS347.3 billion ($250 million).

Additionally, the "Energy Transition Plan" launched in July 2023, which includes increasing the renewable energy share from 37% (2023) to 57% (2030) will also support growth in the forecasted period; this is planned to be achieved by developing 5,000km of new transmission lines across the country by the end of 2030.

Furthermore, in another development, Eramine Sudamerica - an Argentine subsidiary of the French mining company, Eramet, and Chinese stainless steel and nickel producer, Tsingshan - announced plans to invest ARS1.1 trillion ($800 million) for building a second lithium production plant in Salta in July 2024.
Scope

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

Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction

• Outlook
• Latest news and developments
• Construction Projects Momentum Index

4.2 Commercial Construction

• Outlook
• Project analytics
• Latest news and developments

4.3 Industrial Construction

• Outlook
• Project analytics
• Latest news and developments

4.4 Infrastructure Construction

• Outlook
• Project analytics
• Latest news and developments

4.5 Energy and Utilities Construction

• Outlook
• Project analytics
• Latest news and developments

4.6 Institutional Construction

• Outlook
• Project analytics
• Latest news and developments

4.7 Residential Construction

• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
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