In February, the decline in excavator sales narrowed and exports remained strong–excavator track shoe
The decline in excavator sales narrowed
According to the statistical data of China Construction Machinery Industry Association, in February 2022, 24483 sets of various excavation machinery products were sold, with a year-on-year decrease of 13.5%, and the decline continued to narrow.
China market
In the Chinese market, the sales volume of excavators in February was 17052, a year-on-year decrease of 30.5%. Although it still maintained a large decline, the decline slowed down. Among them, the high base effect in the same period of last year (2021) is one of the reasons affecting the decline of growth rate in that month.
In February, the business activity index of the construction industry was 57.6%, up 2.2 percentage points from January. The construction of new projects has entered the improvement range, and the total number of PPP investment projects is increasing, especially the number of projects in the implementation stage, which provides some support for the excavator industry. According to the operating hours of Komatsu excavator, which reflects the activity of infrastructure construction, the operating hours of Komatsu excavator in China in February was 47.9 hours, an increase of 9.3% year-on-year. The operating hours of Komatsu excavator in China finally ended the trend of year-on-year decline for 10 consecutive months since April 2021. The year-on-year growth rate turned positive again, and there were signs of marginal improvement in demand. It is expected that after the temperature rises in March, the construction situation across the country will rise one after another.excavator track shoe
Export side
In terms of export, in February, China exported 7431 excavators, with a year-on-year increase of 97.7% and sustained high-speed growth. With the improvement of the competitiveness of domestic enterprises and the gradual recovery of overseas enterprises from the epidemic, the continuous expansion of overseas demand will continue to benefit the export of Chinese Excavator products. The export of excavators is expected to maintain a rapid growth in 2022, and it is expected to offset the impact of the decline in domestic sales on the industry to a certain extent.excavator track shoes
Tonnage structure
In terms of tonnage structure, the sales volume of large excavation (≥ 28.5t) in February was 1537 units, a year-on-year decrease of 40.9%%; The sales volume of medium excavation (18.5 ~ 28.5t) was 4000 units, a year-on-year decrease of 46.1%;china excavator track shoe
Post time: Mar-12-2022
