Business Monitor International


Argentina Infrastructure Report

Published 08 May 2014

  • 89 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Argentina Infrastructure Report

BMI View: We are maintain ing our moderate construction industry forecast fo r Argentina in 2014 and anticipate real growth of 1.5%, following a slow industry recovery in 2013. While this is below potential, growth will be driven by energy and transport infrastructure projects - sectors which have struggled due to severe underinvestment in recent decades. We highlight risks to our forecast lie to the downside as the country continues to struggle with fundamental policy and regulatory constraints, which prevent the market from fulfilling its true potential.

Key developments in the sector:

  • BMI's Country Risk team forecasts that Argentina's economy will slow in 2014, with real GDP growth falling to 2.2% from an estimated 4.9% in 2013, as currency devaluation pushes inflation higher, weighing on consumer and government spending. Despite government efforts to halt the rapid price growth, our country risk team estimates that consumer price inflation will average 30.0% year-on-year (y-o-y) in 2014.

  • On 23 rd January 2014, Argentina's central bank dramatically reduced its intervention in the currency market, allowing the peso to fall by 21.3% against the US dollar. We expect that the sell-off will send inflation considerably higher in the months ahead, eroding real growth, hitting purchasing power, and potentially the housing market as a result.

  • A blackout in Buenos Aires and its suburbs at the end of 2013 has thrust Argentina's power network into the limelight and has prompted the government to announce plans to spend an estimated US$593mn on improving the power grid network.

  • The board of Spanish firm Repsol has approved a settlement dispute with Argentina, ending a two-year dispute over the April 2012 seizure of the Spanish firm's 51% stake in YPF. Under the terms of the agreement, Repsol will receive a fixed package of dollar-denominated Argentine sovereign bonds, with a nominal value of US$5bn. This news could be a significant boost to the country's...

Table of Contents

BMI Industry View
5
SWOT
6
Infrastructure SWOT
6
Industry Forecast
8
Construction And Infrastructure Forecast Scenario
8
Table: Construction And Infrastructure Industry Data (Argentina 2012-2017)
8
Table: Construction And Infrastructure Industry Data (Argentina 2018-2023)
9
Transport Infrastructure - Outlook And Overview
17
Table: Major Projects - Transport
20
Energy & Utilities Infrastructure - Outlook And Overview
22
Table: Energy & Utilities - Major Projects
26
Residential/Non-Residential Building - Outlook And Overview
30
Industry Risk Reward Ratings
33
Argentina - Infrastructure Risk/Reward Ratings
33
Rewards
33
Risks
34
Latin America - Infrastructure Risk/Reward Ratings
34
Table: Latin America Infrastructure Risk/Reward Ratings
42
Market Overview
43
Competitive Landscape
43
Table: Argentina EQS Data
43
Company Profile
45
Roggio
45
Techint
47
Table: Techint Group Consolidated Highlights (US$mn)
49
Global Industry Overview
50
Middle East/North Africa Presents Strongest Investment Profile
50
Methodology
56
Industry Forecast Methodology
56
Sector-Specific Methodology
57
Risk/Reward Rating Methodology
61
Sector-Specific Methodology
62
Table: Infrastructure Risk/Reward Rating Indicators
62
Table: Weighting Of Indicators
63

The Argentina Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Argentina Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Argentinian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Argentina to test other views - a key input for successful budgetary and planning in the Argentinian infrastructure market.
  • Target business opportunities and risks in the Argentinian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Argentina.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc