Machinery / Industrial Parts & Tools

Loader data released in October, total sales decreased by more than 300 units compared with the previous month, showing negative growth for five consecutive months. Among them, the domestic sales volume dropped again, but the export volume was quite different. It has achieved 11 consecutive growth year-on-year, and the overall trend is similar to that of excavators.

u3000u3000According to the statistics of 22 loader manufacturers by the China Construction Machinery Industry Association, in October 2021, a total of 9,276 loaders of various types were sold, a year-on-year decrease of 12.3%, and a negative growth for five consecutive months.

u3000u3000 From the perspective of cumulative sales, from January to October 2021, sales of various loaders reached 121,677 units, an increase of 11.6% year-on-year. Among them, 111,660 loaders of 3 tons and above were sold, a year-on-year increase of 9.09%. Sales in the domestic domestic market were 93,154 units, a year-on-year increase of 4%; export sales were 28,523 units, a year-on-year increase of 46.6%.

u3000u3000Demand in the domestic market slowed down, and sales fell for five consecutive years year-on-year

u3000u3000 In October, the domestic market sold 6,705 loaders, down 19.1% year-on-year, and domestic sales fell for five consecutive years. Affected by the advance of the peak season in the first half of the year, the overall trend showed "high driving and low driving".

Let’s look at the operating rate again. As of October 29, the operating rates in the Northwest and Northeast were around 65%, the operating rates in the Southwest and South China were around 60%, and the operating rates in the East and North China were around 54%. The operating rate was similar to the previous month, and the improvement was not significant. Coupled with the impact of the new crown epidemic, some users generally report that "the project is not well connected" or "there is no work to do", and the sales of the machine are relatively flat. At the same time, the industry performed poorly in October due to the impact of the upstream chain such as the price of raw materials and core components.

u3000u3000 These factors have affected the overall sales of loaders and other mechanical equipment.

u3000u3000Exports are advancing bravely, achieving an 11th consecutive year-on-year increase

u3000u3000 In October, the export sales of loaders were 2,571 units, an increase of 12.3% compared with the same period last year. Although the growth rate has narrowed, it still achieved a gratifying eleventh consecutive increase.

The reason is that, on the one hand, my country’s loader products have strong global competitiveness, leverage the low-cost advantages of the industry, combined with customized services, and successfully seize the loader market abroad; at the same time, because all countries are actively implementing measures to control the epidemic , The demand for loaders is slowly picking up.

On the other hand, according to data from the Ministry of Commerce, from January to September 2021, in terms of foreign contracting projects, Chinese enterprises signed 3643 new foreign contracted project contracts in 60 countries along the “Belt and Road” route, with the amount of new contracts signed. 522.95 billion yuan, accounting for 50.6% of the newly signed contract value of my country's foreign contracted projects in the same period. The trade performance of construction machinery companies in the countries along the “Belt and Road” has become more active, and overseas markets are still unstoppable.

u3000u3000At present, my country's loader industry has entered a mature stage, and the market capacity, competition pattern, customers and application scenarios are relatively stable, and there will be no major ups and downs in general. Although the data has declined in recent months, it is believed that with the vitality of infrastructure investment, environmental protection catalysis and rising international market demand, loaders are expected to achieve a growth of about 10% throughout the year.