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CONSTRUCTION SECTOR CENTRAL AMERICA

CONSTRUCTION SECTOR CENTRAL AMERICA FACTS * 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

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CONSTRUCTION SECTOR CENTRAL AMERICA

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  1. CONSTRUCTION SECTOR CENTRAL AMERICA

  2. FACTS * Estimated

  3. Presentation • Individual Canadian exports and imports. • Sector country highlights. • Country imports. • Main competitors. • Opportunities.

  4. GUATEMALA

  5. Canadian Trade With GuatemalaMillions of CAD$ 2008* 2009* Exports 137.80 88.41 Imports 234.67 248.11 *Jan-Nov

  6. 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%.

  7. 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.

  8. 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

  9. GUATEMALA CONSTRUCTION SECTOR - MAIN COMPETITORS • USA • Chile • Mexico • Germany

  10. GUATEMALA CONSTRUCTION SECTOR OPPORTUNITIES • PVC woods and windows • Plywood and veneer – flooring • Engineering machinery • Iron & steel • Furniture

  11. EL SALVADOR

  12. Canadian Trade With El SalvadorMillions of CAD$ 2008* 2009* Exports 58.33 52.12 Imports 65.65 62.23 *Jan-Nov

  13. 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.

  14. 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 SALVADORCONSTRUCTION SECTOR OPPORTUNITIES

  15. EL SALVADORCONSTRUCTION SECTOR MAIN IMPORTS • Machinery and equipment • Metal and wood materials • Generators • Electrical equipment • furniture • Wooden cabinets

  16. EL SALVADOR CONSTRUCTION SECTOR - MAIN COMPETITORS • USA (37.3%) • Guatemala (13.6%) • Mexico (6.1%)

  17. COSTA RICA

  18. Canadian Trade With Costa RicaMillions of CAD$ 2008* 2009* Exports 100.76 74.97 Imports 346.30 326.17 *Jan-Nov

  19. 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%.

  20. 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.

  21. 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.

  22. COSTA RICA CONSTRUCTION SECTOR MAIN IMPORTS • Iron & Steel • Light construction equipment and machinery • Dimensional lumber • Kitchen and bathroom cabinets • Doors of all types and PVC wndows • Engineered wood products such as OSB, MDF, Particleboard and Plywood • Sealant products • Concrete additives • Flooring and roofing products • Bathroom fixtures

  23. COSTA RICA CONSTRUCTION SECTOR MAIN COMPETITORS • USA • European Community • Brazil • Venezuela • Chile • Mexico • Colombia

  24. 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.

  25. COSTA RICA

  26. HONDURAS

  27. Canadian Trade With HondurasMillions of CAD$ 2008* 2009* Exports 79.73 32.28 Imports 141.79 130.48 *Jan-Nov

  28. 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.

  29. 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

  30. HONDURASCONSTRUCTION SECTOR MAIN COMPETITORS • USA • European Community (Spain, Germany, • Netherlands) • Japan • Mexico • Central American Countries (Guatemala, • El Salvador & Costa Rica)

  31. HONDURAS CONSTRUCTION SECTOR OPPORTUNITIES • Public infrastructure • -Potable water & waste water projects • -Road expansion / rehabilitation • -Power generation • Residential Housing • IFI financed projects • Tourism

  32. NICARAGUA

  33. Canadian Trade With NicaraguaMillions of CAD$ 2008* 2009* Exports 25.82 16.59 Imports 92.99 73.94 *Jan-Nov

  34. NICARAGUA CONSTRUCTION SECTOR HIGHLIGHTS • In the past three years construction activity has kept a declinein 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.

  35. 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

  36. NICARAGUA CONSTRUCTION SECTOR MAIN COMPETITORS • USA • Mexico • Central America (Costa Rica, El Salvador & Guatemala) • Venezuela • European Community

  37. 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

  38. PANAMA

  39. Canadian Trade With PanamaMillions of CAD$ 2008* 2009* Exports 116.14 85.21 Imports 20.47 36.03 *Jan-Nov

  40. 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

  41. PANAMACONSTRUCTION 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).

  42. 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

  43. 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

  44. PROJECTS UNDER CONSTRUCTION Cooper mine project - US$3.5 billion 22 Resorts, hotels and office buildings - US$570 million

  45. 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.

  46. 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

  47. Become a client of the Trade Commissioner Service Register now! www.infoexport.gc.ca

  48. CONTACT INFORMATION Adolfo Quesada Trade Commissioner, Commercial Section Canadian Embassy in Costa Rica Tel. (506) 2242-4465 / Fax. (506) 2242-4415 E-mail. adolfo.quesada@international.gc.ca Claudia Hernández Trade Commissioner, Commercial Section Canadian Embassy in Guatemala Tel.(502) 2263-4348 / Fax. (502) 2365-1210 E-mail.claudia.hernandez@international.gc.ca Romeo Calderón Trade Commissioner, Commercial Section Canadian Embassy in El Salvador Tel. (503) 2279-4655 E-mail. romeo.calderon@international.gc.ca Luis Cedeno Trade Commissioner, Commercial Section Canadian Embassy in Panama Tel. (507) 294-2517 E-mail. luis.cedeno@international.gc.ca

  49. Thank you !

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