Business Monitor International


Ecuador Infrastructure Report

Published 23 May 2014

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

BMI View: We maintain our construction industry growth forecast for Ecuador at 6.1% for 2014 and an average growth rate of 3.5% between 2015 and 2020, much lower than the double-digit growth seen in recent years. This deceleration comes on the back of a drop-off in government spending as a result of weakening oil revenue . This is exacerbated by Ecuador's persistently weak business environment and prohibitive financing conditions , which continue to isolate the infrastructure sector from private investment.

Key Trends And Developments

  • While a number of factors have boosted prospects for Ecuador's construction industry over the medium term, weaknesses in the country's business environment will continue to present risks and cap growth. Chief among these will be financing.

  • We believe Ecuador's infrastructure industry growth is highly unsustainable as it relies heavily on revenues from oil exports.

  • Political risk will continue to provide cause for concern for investors in the country, with anti-democratic nuances and populist policies at odds with attracting international investment in infrastructure.

  • Despite significant improvements, Ecuador's competitiveness is still weakened by its transport infrastructure. The roads, railways and ports, which are crucial to supporting the country's oil industry, need vast amounts of investment.

  • In the oil and gas sector, Ecuador has taken the first step to develop the controversial Ishpingo-Tambococha-Tiputini block by approving drilling on the 850mn barrel area, which represents a considerable upside to our forecast. Production estimates for the field range up to 200,000b/d, which if achieved, will boost production in the country by almost 40%. It is estimated USD3bn will be needed in the initial phases to bring the field into production.

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Ecuador 2012-2017)
10
Table: Construction And Infrastructure Industry Data (Ecuador 2018-2023)
10
Transport Infrastructure - Outlook And Overview
17
Table: Competitiveness Of Ecuador's Infrastructure
17
Major Projects Table - Transport
22
Table: Major Projects - Transport
22
Energy And Utilities Infrastructure - Outlook And Overview
24
Major Projects Table - Energy & Utilities
27
Table: Major Projects - Energy And Utilities
27
Residential/Non-Residential Building - Outlook And Overview
30
Table: Major Projects - Residential/Non-Residential Construction
32
Industry Risk Reward Ratings
33
Ecuador - Infrastructure Risk/Reward Ratings
33
Rewards
33
Risks
33
Latin America - Infrastructure Risk/Reward Ratings
34
Table: Latin America Infrastructure Risk/Reward Ratings
41
Market Overview
42
Competitive Landscape
42
Table: EQS Data
42
Company Profile
44
Isolux Cors-n
44
Semaica, Sevilla y Martinez
47
Global Industry Overview
49
Middle East/North Africa Presents Strongest Investment Profile
49
Methodology
55
Industry Forecast Methodology
55
Sector-Specific Methodology
56
Risk/Reward Rating Methodology
60
Sector-Specific Methodology
61
Table: Infrastructure Risk/Reward Rating Indicators
61
Table: Weighting Of Indicators
62

The Ecuador 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 Ecuador Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Ecuadorian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Ecuador to test other views - a key input for successful budgetary and planning in the Ecuadorian infrastructure market.
  • Target business opportunities and risks in the Ecuadorian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Ecuador.
  • 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