At the beginning of the second half of 2021, the excavator market continued the trend of sales in the second quarter. According to the statistics of the China Construction Machinery Industry Association, in July 2021, 17345 units of various types of excavation machinery products were sold, down 9.2% year-on-year, and the market is expected to have sales in 2021.
Among them, the domestic market excavator sales 12329 units, a year-on-year decline in a year-on-year, decline in expectations. According to the number of small lotus excavators that reflect the extent of the infrastructure, the number of hours of China's small Song excavator starts at 106.2 hours in July, and the lowest value of approximately five months is 15.8% year-on-year, down 3.0% from the previous month. Following the number of small lotus excavators in May, the number of small lotus excavators started in July, and July. In addition to traditional off-season factors, demand is released in advance, infrastructure / real estate investment falls and does not expect the high-altitude impact of the same period in 2020, still leading to the leading cause of the monthly excavator sales.
In terms of exports, sales of 5016 exports in July, an increase of 75.6% year-on-year. Although the year-on-year growth rate of exports has declined for three months and slightly narrow, due to the new round of infrastructure cycle of Europe and the United States to promote overseas construction machinery demand, external domestic brand globalization drivers, overseas channel layouts are gradually improving, Exports remain strong in strength.
From the tonnage structure, the sales volume (≥30T) sales in July is 1940, down 26.4% year-on-year; medium excavation (20 ~ 30T) sales is 3,576 units, down 21.1% year-on-year; small digging (<20t) sales 6813 Taiwan, fell by 25.0% year-on-year, and the total sales of large and medium-sized excavation fell by 24.1%. This is a year-on-year model for three consecutive months since May, and the decline is more than 20%.
Market proportion, large digging, medium digging, small digging accounts for 16%, 29% and 55%, respectively. Among them, the big digging sales has been increasing in four consecutive months since April 2021. Benefits benefited from the prices of many commodity varieties in the first half of this year, the price of iron ore, coal, etc., has a new high in domestic mining, and in July, my country has entered the peak of coal in summer, and the recent coal demand has increased , Coal supply is tight and other factors, and large digging demand growth.
Despite the continued decline in the market sales in recent months, the off-season is coming. However, about 2.6 trillion yuan of new local government bonds from 8-12 months will promote the landing of infrastructure, real estate, etc. Growth, and the traditional small collides in 9-7 months, the demand for excavators will rise even beyond expected, but it also needs to consider the uncertainty of the epidemic repeated in the industry.
