Colombia Plant Construction Cost Index
Subscribe & Adjust Industrial Plant Capital Costs in Colombia over Time
Plant Construction Indexes (IC Indexes) are unbiased multipliers for instantaneously adjusting construction costs of industrial plants over time. These monthly series measure the changes in the average cost of constructing a manufacturing plant, with historical data and short-term forecasts available to predict trends.
IC indexes and key manufacturing cost factors in Colombia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Chart Description. The IC Index for Colombia experienced a 5% increase in August 2019, up from the previous year's index value of 130, reaching a value of 136. This means that the average cost of constructing an industrial plant in Colombia has risen by 5% during this period. For example, if the cost of building a plant in Colombia was USD 100 million in August 2018, the 5% increase in the IC Index suggests that the same plant would cost approximately USD 105 million in August 2019.
Data Use. The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in Colombia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide. To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. IC Indexes are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
Intratec Industry Economics Worldwide
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About IC Indexes. IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About Colombia Manufacturing Industry. Colombia's economy is one of the most dynamic in Latin America, characterized by a diverse industrial base and a growing emphasis on innovation and sustainable development. The manufacturing sector plays a vital role in the country's economic structure, contributing significantly to GDP, employment, and export performance.
Key industries within Colombia's manufacturing sector include food processing, textiles, chemicals, and electronics. The country's strategic location, abundant natural resources, and improving infrastructure provide a solid foundation for manufacturing growth. Additionally, Colombia is focusing on enhancing its competitiveness by investing in education, technology, and infrastructure, which are critical for boosting productivity and fostering industrial innovation.
As Colombia continues to strengthen its industrial capabilities and integrate into global supply chains, the manufacturing sector remains a crucial driver of economic development. With ongoing reforms and investments, Colombia is well-positioned to expand its industrial base and enhance its role in the regional and global economy.
