Machinery / Industrial Parts & Tools

The loader sales data in August showed two bright spots: international trade exports increased by more than 60%, and the sales of electric loaders doubled, showing a different sales curve from domestic data. The demand for loaders is gradually improving, and the industry recovery signal is becoming more and more obvious.

According to statistics from China Construction Machinery Industry Association, 8,802 loaders of various types will be sold in August 2022, a year-on-year decrease of 2.69%. Among them, 4,927 units were sold in the domestic market, a year-on-year decrease of 26%; 3,875 units were sold in international trade exports, a year-on-year increase of 62.4%.

From January to August 2022, a total of 82,240 loaders of various types were sold, a year-on-year decrease of 20%. Among them, the domestic market sales volume was 53,766 units, a year-on-year decrease of 32.6%; the international trade export sales volume was 28,474 units, a year-on-year increase of 23.4%.

It is worth noting that the sales volume of loaders in August continued to narrow year-on-year, which was in line with market expectations. Under the influence of the downward cycle, domestic sales of loaders continued to show a downward trend, and foreign sales were accelerating.

Domestic weakness continues, but there are signs of recovery

The data shows that the year-on-year decline in domestic sales of loaders in August expanded again, down 8.1 percentage points, but from the month-on-month change in monthly sales, domestic sales of loaders in August increased (4,802 units sold in July), a month-on-month increase of 2.6%. , there are signs of recovery.

With the continuous support of funds from all parties, the boom in construction continued across the country in August. According to incomplete statistics, the planned investment in key projects in August showed a trend of maintaining high growth year-on-year and continuous recovery month-on-month. Among them, infrastructure projects are still the key areas of intensive construction, which will bring continuous recovery to the construction machinery industry. The degree of market recovery depends on the effectiveness of the previous package of policy measures.

In addition, judging from the sales data of loaders in August over the past five years, the sales volume of domestic loaders has not fluctuated significantly in the past five years. At present, it is still in the stage of slow recovery, but the decline is expected to narrow in the general environment of the industry's recovery.

Strong export growth may flatten the cycle

The dazzling performance of the international trade market has weakened the impact of the decline in the domestic market. In August, the export sales of loaders increased by 62.4% year-on-year, becoming the highest point in the past year, and the proportion of total sales continued to increase, approaching 50%. Among them, there are not only the factors such as the loosening of epidemic control and the increase in demand for start-up in areas where production has been suspended, but also the factors that the current share of domestic OEMs in international trade is relatively low, and the expansion efforts are being increased.

At present, the product quality of the leading domestic loader enterprises has been in the forefront of the world, and it has a significant cost performance. Coupled with factors such as labor shortages, supply chain problems and inflation, the global demand for loaders is much higher than the current supply demand. China-made supply The global phenomenon is obvious, and the international trade market of loaders has become an important growth point at present, which can effectively hedge the downward cycle.

Electric loader sales doubled, promising prospects

According to statistics, from January to August 2022, a total of 851 electric loaders were sold (1 unit of 3 tons, 850 units of 5 tons), of which 216 units were sold in August, almost double the sales of the previous month, accounting for 2.45%. The incremental market for loaders represented by pure electric vehicles has already opened.

At present, the electrification upsurge of construction machinery is intensifying, and the loader, which is already relatively mature in the market development, has become the key breakthrough target. As electric loaders enter the application stage, the market side has also ushered in the good news of mass delivery. Not long ago, Sany won the single largest electric loader order in the world, and 30 SW956Es are about to be put into production.

Compared with high oil prices, the cost advantage of electric products in the whole life cycle is obvious. The sales of electric loaders continue to grow, which also shows that the market terminal's recognition of electrified products is increasing. In the future, the sales of electric loaders are expected to accelerate and increase again. times.

Under the circumstances of the slowdown of the epidemic and the increasing investment in infrastructure, the loader market has a clear signal of recovery, and the growth rate is expected to continue to improve. At the same time, with the increasingly strong competition in the domestic brand market and the increasingly perfect layout of overseas channels, the international trade market is expected to continue its high growth in the future, which may smooth out the cyclical fluctuations in the industry.