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Construction machinery exports are hot

Aug. 13, 2022

Excavator sales grew 3.42% in July, turning positive in growth rate for the first time in 15 months.

According to the China Construction Machinery Industry Association, in July 2022, the national sales of all types of excavators 17,900 units, up 3.4% year-on-year, the year-on-year growth rate to achieve the first positive since May last year. By market, July domestic sales of 9,250 units, down 24.9% year-on-year, the rate of decline continued to narrow; exports of 8,689 units, up 72.8%; exports in total sales continued to increase the proportion of 48.4%, the largest in history. Subdivision of models, July domestic sales of large / medium / small excavation were 1240 / 2066 / 5944 units, year-on-year growth rate of -36% / -42% / -13%, small and medium excavation sales decline have narrowed. Overall, from January to July 2022, the country sold a total of 16.1 million excavators, down 33.2% year-on-year; including domestic sales of 100,400 units, down 51.3% year-on-year; exports of 60,700 units, up 72.3%.

July excavator start hours decline narrowed, the tower ton meter utilization rate to improve.

From the equipment start data, July Komatsu China excavator start hours for 100.1 hours, down 5.4% year-on-year, the decline narrowed 7.7pct, 5.7% higher than the ring. July pang source rental tower crane ton meter utilization rate of 60.9%, compared with the same period last year, there is still a decline, but the ring increased by 2pct, continue to improve. With the resumption of production after June to promote the host plant equipment start-up hours show a narrowing of the year-on-year decline, the ring continued to improve the trend, the bank expects August can be restored to the same period last year flat or slightly increased level. Subsequent stabilization of growth policy is expected to drive infrastructure, real estate investment gradually pick up, the first half of the traditional construction season was disturbed due to the impact of the epidemic, there is a lag in demand, the bank believes that the second half of the year is expected to usher in the peak season, in the low base and demand improvement background, construction machinery industry sales growth is also expected to continue to improve.

High boom in overseas market demand, help domestic construction machinery to sea.

In recent years, China's construction machinery overseas market development to maintain a better trend, after the epidemic, the global equipment manufacturing industry and industry chain by the impact, China's construction machinery enterprises to seize the opportunity to accelerate the expansion of overseas business, to achieve a substantial increase in construction machinery exports. 2021, China's construction machinery exports amounted to $ 34 billion, an increase of 62%, the highest value in history. In the first half of this year, China's construction machinery exports amounted to 19.89 billion yuan, which still achieved a year-on-year growth rate of 32.3% under the high base of last year. Showing strong performance of overseas demand, the global competitiveness of domestic construction machinery enterprises continued to strengthen. Since this year, the domestic market is affected by macro and epidemic, the downstream start demand is relatively sluggish, but the overseas construction machinery market boom is relatively good. According to the Komatsu Group announced the start hours, since the second half of last year, North America, Southeast Asia, Indonesia and other places digger start hours overall to maintain a positive growth trend, to achieve a good increase, the European market start hours fluctuate around the same, the Japanese market start end is relatively sluggish. Construction machinery overseas important market demand boom is relatively good, for the domestic construction machinery leader to accelerate the sea to provide opportunities.

Usually June to August is the traditional off-season of the construction machinery industry, this year is a little different, construction machinery overseas sales are very hot. It is understood that the first half of the overseas orders by the hot influence, many construction machinery companies have achieved significant growth in overseas sales, some companies are hitting a record high. But even so, some overseas areas are still out of stock. China Construction Machinery Industry Association data show that from January to June 2022, China's construction machinery import and export trade volume was 21.391 billion U.S. dollars, an increase of 25.2%. The export value of each month is at the highest level in the history of the same month.#hydraulicfitting#hosefitting

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