Machinery / Industrial Parts & Tools

The unit price of products in the machinery industry is relatively high, such as food machinery, woodworking machinery, mining machinery and other large, medium and small mechanical products. Do they have a place in the international trade market environment?

According to the current global PMI (Purchasing Manager Index) index of 52, it can be seen that the market environment is relatively good, including 55 in the United States, 54 in the Philippines and 52 in Vietnam, which has driven the market demand for food machinery, plastic machinery, machine tools, etc.

In 2022, the export volume of international trade in machine tool industry will increase by 37% year on year, and the export volume of international trade in laser machinery will increase by 61% year on year.

Moreover, the continuous high global commodity prices (crude oil will increase by 55%, wheat will increase by 51%, lithium salt will increase by 150% in 2022) have brought increasing demand for agricultural machinery and energy and mineral machinery.

In 2022, the export volume of mining machinery in international trade will increase by 52% year on year, and the export of agricultural machinery will increase by 31% year on year. The infrastructure investment launched by governments of all countries to stimulate the economy will stimulate the demand for construction machinery, building materials machinery and other machinery.

Especially for construction machinery, on the basis of a year-on-year growth of 62% in international trade exports in 2021, the export volume in the first quarter of 2022 will continue to grow by 45%.

It can be seen that the global machinery market is optimistic and shows a trend of continuous growth.