Construction Industry

An Expert's View about Building Products and Construction in Chile

Posted on: 12 Jul 2012

With 36.8% of the Chilean market, the U.S. is the single largest supplier of the Chilean construction industry.

Construction A Top Export Prospect for Chile June 2012 Overview Construction Equipment 2011 2012 2013 In USD millions 2010 (estimated) (estimated) (estimated) Total Market Size 786 864 959 1,069 Total Local Production 1 1 1 1 Total Exports 61 72 80 84 Total Imports 846 935 1,038 1,152 Imports from the U.S. 338 374 412 459 Exchange Rate: 1 USD 510 484 486 489 Source: Chilean Customs Data, industry experts and local research Total Market = Total Imports + Local Production - Exports In 2011, Chile’s construction sector grew by 9% (a sharp improvement from the contraction of 5.7% recorded in 2009), and is expected to grow by 11% in 2012. Public investment reached $ 2.5 billion during 2011 and industry analysts expect the construction sector to continue expanding significantly at least until 2015, driven by higher investment in housing and infrastructure. Most of this new growth will be fueled by massive investment in mining projects in northern Chile and related energy projects. Investment in mining over the next five years is expected to total US$ 50 billion. In addition, the Chilean government will continue efforts to finalize repair and rebuilding of housing and public infrastructure damaged or destroyed during the February 2010 earthquake. The administration also updated the country’s concession programs, promising fresh investment in port expansions, new highways and other infrastructure, totaling US$ 14 billion through 2014. With 36.8% of the Chilean market, the U.S. is the single largest supplier of the Chilean construction industry, mostly with high-tech building materials and capital equipment, followed by Germany (15.9%), Japan (9.8%), and China (4%). Based upon the most recent sectorial forecasts, the construction industry (public and private combined) will invest almost US$ 34 billion in 2012. Top US pects truct 2 Export Pros in Chile 2012: Cons ion Sub-Sector Best Prospects Chile manufactures very limited types of construction equipment, mostly mining related. The vast majority of equipment is imported, and U.S.-made products are highly regarded by Chilean buyers. The best opportunities for U.S. exports are for those products that offer high levels of efficiency, reduced operational costs and ease in getting the job done. The most promising are in areas such as energy efficiency products and supplies, earth moving equipment, concrete technology for high-rise building construction (scaffolding, concrete pumps), and consumables that accelerate the building process. Back to top Opportunities • Housing (all income levels, but with special emphasis on social projects) • Public Works (highways, airports, ports, hospitals) • Mining & general industry construction • Private buildings (offices, hotels, first & second homes, lake and beach resorts) • Retail, especially shopping malls • Educational and private health facilities • Industrial facilities Back to top Web Resources • Chilean Chamber of Construction: • Ministry of Public Works: • Ministry of Housing and Urbanism: • Chilean Association of Professional Engineers: • Chilean Association of professional Construction Engineers: • Chilean Association of Architectural Bureaus: • Chilean Association of Professional Architects: • Green Building Council Chile: Back to top Top US pects ruct 3 Export Pros in Chile 2012: Const ion For More Information Please contact Mary Lou Lathrop, Commercial Specialist for construction at the U.S. Commercial Service in Chile at or (56) 2-330-3371. You can also visit our website at The U.S. Commercial Service — Your Global Business Partner With its network of offices across the United States and in more than 70 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting Disclaimer: The information provided in this report is intended to be of assistance to U.S. exporters. While we make every effort to ensure its accuracy, neither the United States government nor any of its employees make any representation as to the accuracy or completeness of information in this or any other United States government document. Readers are advised to independently verify any information prior to reliance thereon. The information provided in this report does not constitute legal advice. The Commercial Service reference to or inclusion of material by a non-U.S. Government entity in this document is for informational purposes only and does not constitute an endorsement by the Commercial Service of the entity, its materials, or its products or services International copyright, U.S. Department of Commerce, 2012. All rights reserved outside of the United States.
Posted: 12 July 2012

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