Transcript Document

CONSTRUCTION SECTOR
CENTRAL AMERICA
FACTS
Population
July 2009 est.
GDP (PPP) per
capita
2008 est.
Extension
Km2
Canadian
Investment*
(million)
(US$)
Guatemala
13,3
4,899
108.889
465
El Salvador
7,2
7,551
21.041
56
Costa Rica
4,2
10,752
51.100
326
Honduras
7,8
4,268
112,492
512
Nicaragua
5,9
2,688
129.494
112
Panama
3.4
15,300
75,517
656
Total
41.8
498.533
2.127
(US$ millions)
* Estimated
Presentation
• Individual Canadian exports and imports.
• Sector country highlights.
• Country imports.
• Main competitors.
• Opportunities.
GUATEMALA
Canadian Trade With Guatemala
Millions of CAD$
2008*
2009*
Exports
137.80
88.41
Imports
234.67
248.11
*Jan-Nov
GUATEMALA
CONSTRUCTION SECTOR HIGHLIGHTS
• Guatemala imported $259.02 millions of construction materials in
2009. A 30% drop compared to the previous year.
• The International Monetary Fund estimates that the construction sector
in Guatemala will start growing again at 2.1% (after a -3.4% drop) by
2010 and will recover quickly its production.
• Characteristics for the building sector in Guatemala must be taken into
account as the country's main type of construction is based on
cement/concrete, most buildings are built using those elements together
with metal structures and steel beams.
•
Tariffs for most of these products are currently set around 5% and
10%.
GUATEMALA
CONSTRUCTION SECTOR HIGHLIGHTS
• The housing deficit for 2010 is estimated at 1.5 million
homes
• Main exports from Canada to Guatemala are iron and steel,
aluminum, medium density fiberboard, laminated flooring
(wood), doors and windows (PVC), PVC tubes and pipes,
tunnelling machinery, land moving equipment, kitchen
cabinets, and other finishing appliances related to
architectural design.
• The highest levels for private investment will be set on
housing, construction, industrial and commercial
facilities.
GUATEMALA
CONSTRUCTION SECTOR MAIN IMPORTS
•light & heavy construction machinery
•kitchen and sanitary cabinets and appliances
• Air condition & ventilation systems
• flooring systems
• drywall materials
•doors and windows (wood and PVC)
•lighting fixtures
•intelligent security systems
•light and medium density fiberboards
GUATEMALA
CONSTRUCTION SECTOR - MAIN COMPETITORS
 USA
 Chile
 Mexico
 Germany
GUATEMALA
CONSTRUCTION SECTOR OPPORTUNITIES
 PVC woods and windows
 Plywood and veneer – flooring
 Engineering machinery
 Iron & steel
 Furniture
EL SALVADOR
Canadian Trade With El Salvador
Millions of CAD$
2008*
2009*
Exports
58.33
52.12
Imports
65.65
62.23
*Jan-Nov
EL SALVADOR
CONSTRUCTION SECTOR HIGHLIGHTS
• El Salvador imported $74.2 millions of construction materials
in 2009. A 23.2% drop compared to the previous year
• Increment will be driven by public mega-projects such as Port
of La Union, reconstruction of hospitals and roads, private
housing projects and tourist facilities.
• Most notable growth has been in intermediate construction
materials, which in the last five years have made up over 4% of
all imports.
EL SALVADOR
CONSTRUCTION SECTOR OPPORTUNITIES
• Hospital Network Reconstruction and Refurnishing
Project worth US$70 million.
• Wooden and PVC doors, windows, decorative
accents.
• Low cost ready to assembly furniture and kitchen
cabinets.
EL SALVADOR
CONSTRUCTION SECTOR MAIN IMPORTS
• Machinery and equipment
• Metal and wood materials
• Generators
• Electrical equipment
• furniture
• Wooden cabinets
EL SALVADOR
CONSTRUCTION SECTOR - MAIN
COMPETITORS
• USA (37.3%)
• Guatemala (13.6%)
• Mexico (6.1%)
COSTA RICA
Canadian Trade With Costa Rica
Millions of CAD$
2008*
2009*
Exports
100.76
74.97
Imports
346.30
326.17
*Jan-Nov
COSTA RICA
CONSTRUCTION SECTOR
HIGHLIGHTS
Costa Rica imported $302 in construction
materials in 2009.
The construction sector decreased by –5.1%
during.
Direct Foreign Investment in the
Construction sector is expected to grow
11.35%.
COSTA RICA
CONSTRUCTION SECTOR HIGHLIGHTS

Slightly over 128.000 workers (7%) of the labor force was
employed by the construction sector in 2009. This amount
will increase in 2010 to 143.000 workers.

Housing represented 41.28% of the total built in 2009,
followed by commercial construction with 27.9% and
6.23% in industrial subsector.

Private construction affected the performance of the sector.
COSTA RICA
CONSTRUCTION SECTOR HIGHLIGHTS

The Provinces with highest growth in 2009 were San Jose
followed by Alajuela and Heredia.

The one with the highest decrease was the Province of
Guanacaste.

Foreign direct investment is expected to reach $1.5 billion,
However this sum is still significant lower from the $2.3
billion reached in 2006.
COSTA RICA
CONSTRUCTION SECTOR MAIN IMPORTS
• Iron & Steel
• Engineered wood products
• Light construction equipment
and machinery
such as OSB, MDF,
Particleboard and Plywood
• Dimensional lumber
• Kitchen and bathroom
cabinets
• Doors of all types and PVC
wndows
• Sealant products
• Concrete additives
• Flooring and roofing products
• Bathroom fixtures
COSTA RICA
CONSTRUCTION SECTOR MAIN
COMPETITORS
• USA
• European Community
• Brazil
• Venezuela
• Chile
• Mexico
• Colombia
COSTA RICA
CONSTRUCTION SECTOR OPPORTUNITIES
• Residential homes and condominiums for second
home owners coming from North America.
• Construction of hotel resorts.
• Government investment in public infrastructure.
• Housing.
COSTA RICA
HONDURAS
Canadian Trade With Honduras
Millions of CAD$
2008*
2009*
Exports
79.73
32.28
Imports
141.79
130.48
*Jan-Nov
HONDURAS
CONSTRUCTION SECTOR HIGHLIGHTS
• The construction industry employs some 10% of the labor force.
• In terms of m2, last year (2009) the construction sector decreased by 35%.
•The residential sub-sector is still the largest representing 57.6% of the total
m2 built, followed by the commercial subsector which represented 25.2% a
• The 2009 national budget was supposed to trigger the development of new
infrastructure and building projects, in particular, social housing. However
due to the political situation, the objectives were far from being met.
HONDURAS
CONSTRUCTION SECTOR MAIN IMPORTS
• Machinery Light construction equipment and machinery
• Iron & Steel
• Doors of all types and PVC windows
• Engineered wood like OSB, MDF, and Plywood
• Sealant products
• Concrete additives
• Flooring and roofing products
• Bathtroom fixtures
• PVC doors and windows
HONDURAS
CONSTRUCTION SECTOR MAIN
COMPETITORS
• USA
• European Community (Spain, Germany,
Netherlands)
• Japan
• Mexico
• Central American Countries (Guatemala,
El Salvador & Costa Rica)
HONDURAS
CONSTRUCTION SECTOR OPPORTUNITIES
• Public infrastructure
-Potable water & waste water projects
-Road expansion / rehabilitation
-Power generation
• Residential Housing
• IFI financed projects
• Tourism
NICARAGUA
Canadian Trade With Nicaragua
Millions of CAD$
2008*
2009*
Exports
25.82
16.59
Imports
92.99
73.94
*Jan-Nov
NICARAGUA
CONSTRUCTION SECTOR HIGHLIGHTS
• In the past three years construction activity has kept a decline in GDP
terms.
• This is a reflection of the slower growth of the economy and the
contraction of the Public Sector capital spending.
• According to the Monthly Index of Economic Activity (IMAE) for the
first 2 months in 2009, the residential and industrial construction have
experienced the sharpest decline with –26.1% and -79.2% respectevely.
• Developers are expecting an increase of 40% when compared with 2009,
as a result of the coming into effect of a law fostering social housing and
millionaire disbursements to banks by the Social Insurance System.
NICARAGUA
CONSTRUCTION SECTOR MAIN IMPORTS
• Iron & Steel
• Machinery Light construction equipment and
machinery
• Engineered wood like OSB, MDF, Particleboard and
Plywood
• Sealant products
• Concrete additives
• Flooring and roofing products
• Bathtroom fixtures
NICARAGUA
CONSTRUCTION SECTOR MAIN
COMPETITORS
• USA
• Mexico
• Central America (Costa Rica, El Salvador & Guatemala)
• Venezuela
• European Community
NICARAGUA
CONSTRUCTION SECTOR OPPORTUNITIES
• Residential homes
• Tourism Sector
• Public infrastructure investment
-Potable water & waste water projects
-Road expansion / rehabilitation
-Power generation
• IFI financed projects
-Prasnica (Water supply rural)
-Prasma (Water & sanitation)
-Potable water Managua
PANAMA
Canadian Trade With Panama
Millions of CAD$
2008*
2009*
Exports
116.14
85.21
Imports
20.47
36.03
*Jan-Nov
About Panama
•Regional hub and logistic center of the Americas
•Relatively low inflation and positive economic growth and Stable
Political System
•Panama is a dollar economy
•International Banking Center, with:
Over 70 banks with assets over US$53.4 billion
•Incentive laws for worldwide corporations
PANAMA
CONSTRUCTION SECTOR
HIGHLIGHTS
• Construction activity accounted for 5.7% of GDP in 2008.
• Mortgage interest rate: 5.94%.
• Direct Investment: US$2.4 billion (2008).
• Permits approved in the first 6 months of 2009: US$ 1.123
millons (US$287 million more than same period in the
previous year).
PROJECTS UNDER CONSTRUCTION
Panama Canal Expansion project – US$5.2 billion
- Design and Construction of the Third Set of
Locks (Awarded)
- Dry excavations (Awarded)
- Homepage: www.pancanal.com
Ocean Reef Islands – US$140 million
- Luxury houses will be built between 2011 and
2013
- Homepage: www.oceanreefislands.com
PROJECTS UNDER CONSTRUCTION
Panama Pacifico (Howard) project - US$705
million
- 1 million square meters of commercial space
- 20,000 residential units
- Homepage: www.panamapacifico.com
Santa Maria & Country Club - US$1 billion
- 5, 000 residential units
- 18-hole Nicklaus Design golf course
- Homepage: www.santamariapanama.com
PROJECTS UNDER CONSTRUCTION
Cooper mine project - US$3.5 billion
22 Resorts, hotels and office buildings - US$570
million
Infrastructure Projects Announced and
in Process
Total public investment in the next 5 years: US$12 billion
* 2010: US$2.3 billion
* 2011: US$2.6 billion
 Metro System – US$1 Billion (Approx.)
 Coal-burning power plant - US$600 million
 Bridges, roads, airports, hydroelectric plants, etc.
 Mass transit system in Panama City – US$270 million
Source of financing: Fiscal reforms, IDB credit line, US$1billion
credit from Brazil.
BUILDING MATERIALS AND
CONSTRUCTION REGIONAL EVENTS
• CONSTRUFER 2010, Guatemala, TBC.
• EXPO Construcción 2010, Costa Rica, April 14-18.
• EXPO Construye 2010, Honduras, TBC.
• FERCON 2010, Nicaragua, November 5-7 .
• CAPAC Expohabitat 2010, Panama, September 15-19
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CONTACT INFORMATION
Adolfo Quesada
Trade Commissioner, Commercial Section
Canadian Embassy in Costa Rica
Tel. (506) 2242-4465 / Fax. (506) 2242-4415
E-mail. [email protected]
Romeo Calderón
Trade Commissioner, Commercial Section
Canadian Embassy in El Salvador
Tel. (503) 2279-4655
E-mail. [email protected]
Claudia Hernández
Trade Commissioner, Commercial Section
Canadian Embassy in Guatemala
Tel.(502) 2263-4348 / Fax. (502) 2365-1210
[email protected]
Luis Cedeno
Trade Commissioner, Commercial Section
Canadian Embassy in Panama
Tel. (507) 294-2517
E-mail. [email protected]
Thank you !