Machinery / Industrial Parts & Tools

According to the customs data, the loader sales data in August showed two highlights: the export growth exceeded 60%, and the electric loader sales doubled, showing a different sales curve from the domestic data. The demand for loaders is gradually improving, and the industry's warming signal is becoming increasingly obvious.

According to customs data, 8802 loaders of various types will be sold in August 2022, a year-on-year decrease of 2.69%. The sales volume in the domestic market was 4927, down 26% year on year; The export sales volume was 3875, up 62.4% year on year.

From January to August 2022, 82240 loaders of various types were sold, a year-on-year decrease of 20%. The sales volume in the domestic market was 53766, down 32.6% year on year; The export sales volume was 28474, up 23.4% year on year.

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

China continues to weaken, but there are signs of recovery

According to customs data, the year-on-year decline in domestic sales of loaders in August expanded again, down 8.1 percentage points. However, from the month on month change in sales, domestic sales of loaders in August increased (4802 in July), up 2.6% month on month, showing signs of recovery.

Thanks to the continuous support of funds from all parties, construction continued throughout the country in August. According to incomplete statistics, the planned investment in key projects in August showed a trend of high year-on-year growth and continuous recovery on a month on month basis. Among them, infrastructure projects are still the key areas of intensive construction, which will bring the power for the construction machinery industry to continue to recover. However, the degree of industry market recovery depends on the effectiveness of the previous package of policies and measures.

In addition, customs data show that from the data of loader sales in August over the years, the domestic loader sales have not fluctuated significantly in the past five years. Affected by the factors of high maturity of loader products and stable domestic market demand, the domestic sales are still in a slow recovery stage, but the decline is expected to narrow in the general environment of industry recovery.

Strong export growth may smooth the cycle

The impressive performance of the international trade market has weakened the impact of the decline in the domestic market. In August, the export sales volume of loader increased by 62.4% year on year, becoming the highest point in nearly a year, and its proportion in the total sales volume continued to increase, approaching 50%. Among them, there are not only the factors that liberalize epidemic control and increase the demand for starting work in areas where production is stopped, but also the factors that domestic OEMs have a low overseas share and increase their development efforts.

At present, the product quality of domestic leading enterprises of loaders has been in the forefront of the world, and has a significant cost performance ratio. In addition to labor shortage, supply chain problems, inflation and other factors, the global demand for loaders is far higher than the current supply demand. The global phenomenon of manufacturing in China is obvious. The foreign trade market of loaders has become an important growth point, which can effectively hedge the downward cycle.

Double the sales volume of electric loaders, with promising prospects

According to the customs data, 851 electric loaders (1 in 3 tons, 850 in 5 tons) will be sold from January to August 2022, of which 216 will be sold in August, almost double the sales of the previous month, accounting for 2.45%. The incremental market of loaders represented by pure electric vehicles has been opened.

At present, the electrification boom of construction machinery is becoming more and more intense, and the loader with mature market development has become the key breakthrough object, and the electric loader occupies the mainstream position, which has been unanimously favored by major enterprises. With the electric loader entering the application stage, the market side also continues to welcome the good news of mass delivery. Not long ago, Sany won the world's largest single order for electric loaders, and 30 SW956Es will be put into production.

Compared with the high oil price, the full life cycle cost of electric products has obvious advantages. The sales of electric loaders continue to grow, which also shows that the recognition of the market terminal for electric products is increasing. In the future, the sales of electric loaders are expected to accelerate and double again.

With the slowdown of the epidemic situation and the increasing investment in infrastructure, the loader market shows 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 improved overseas channel layout, the international trade market is expected to continue to grow at a high rate in the future, or it will level the fluctuations of the industry cycle.