Venezuela Construction Market Growth to Ease, According to New Report Published at MarketPublishers.com22 Aug 2011 • by Natalie Aster
During the review period the Venezuelan construction industry recorded a CAGR of XX.XX%, primarily as a result of significant growth over 2006–2009. The Venezuelan construction industry was particularly impacted in 2010 when the country went into recession. This economic contraction impacted construction activity in the country and ultimately resulted in a decline in the construction industry.
The report “The Future of Construction in Venezuela to 2015: Due to Inflationary Effects Market Growth to Slow Down” by iCD Research provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It provides detailed analysis of both historic and forecast construction industry values at market and category level, and key news.
The Venezuelan economy is slowly emerging from a six-quarter recession primarily the result of an extended period of drought which given the country’s reliance on hydropower, nearly led to the collapse of the nation’s electricity network in 2009. Another primary factor of recession was a decline in the price of oil, Venezuela’s chief export. In 2010, Venezuela's VEFXX.XX trillion economy was the fourth largest in Latin America but economic contraction has lead to a deceleration in market growth. However, GDP grew marginally by XX.XX% in the fourth quarter of 2010 compared with the first quarter in 2009 and despite an increase in oil prices the finance ministry expects growth of XX.XX% in 2011.
Published: July, 2011
Price: US$ 1,250.00
Report Sample Abstract
Infrastructure construction was the largest market in 2010, with a share of XX.XX%. In terms of growth, the infrastructure construction market registered the highest review period CAGR of XX.XX% and is expected to record a CAGR of XX.XX% over the forecast period. Commercial construction recorded the second highest CAGR during the review period of XX.XX%.
Historic Industry Value Review
The Venezuelan construction industry valued VEFXX.XX billion in 2010, a figure which represented a decrease of XX.XX% over figures from 2009. Over the review period the industry achieved a CAGR of XX.XX%.
Historic Industry Segmentation Review
The largest market in the Venezuelan construction industry in 2010 was infrastructure construction, with a value of VEFXX.XX billion, equal to XX.XX% of the total construction industry. The second largest market was commercial construction with a value of VEFXX.XX billion, followed by industrial construction with a value of VEFXX.XX billion. Infrastructure construction was the fastest growing market in the Venezuelan construction industry during the review period with a CAGR of XX.XX%, followed by commercial construction with a CAGR of XX.XX% and institutional construction with a CAGR of XX.XX%.
Industry Value Forecast
ICD expects the Venezuelan construction industry to value VEFXX.XX billion in 2015 compared to VEFXX.XX billion in 2010. The industry is forecast to achieve a CAGR of XX.XX% over the forecast period.
Industry Segmentation Forecast
Infrastructure construction is forecast to be the largest market in the industry in 2015 with a market value of VEFXX.XX billion and a market share of XX.XX%, an increase of XX.XX percentage points over figures from 2010. The second largest market is forecast to be commercial construction with a market share of XX.XX%.
More information can be found in the report “The Future of Construction in Venezuela to 2015: Due to Inflationary Effects Market Growth to Slow Down” by iCD Research.
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