According to the statistics of China Construction Machinery Industry Association, 21187 excavators of all kinds will be sold in September 2022, with a year-on-year growth of 5.49%. The excavator sales growth experienced a slight decline last month and then rebounded again, becoming the highest growth month in 2022.
In the domestic market, the sales volume of excavators in September was 10520, down 24.5% year on year. Although it was still a negative growth, the growth rate slowed slightly, which was the month with the least decline in 2022.
Data released by the National Bureau of Statistics recently showed that China's construction business activity index in September was 60.2%, 3.7 percentage points higher than last month, rising to a high boom range. Among them, the business activity index of civil engineering construction industry was 61.0%, which was the highest point in nearly four months, indicating that the recently introduced policies and measures such as activating special bonds and policy based financial instruments further promoted the implementation of infrastructure construction projects, accelerated the expansion of production activities in the construction industry, promoted the demand of domestic construction machinery market, and had a positive impact on the stability and recovery of excavator sales.
According to the hours of Komatsu excavator construction, which reflects the activity of infrastructure construction, in September 2022, the hours of Komatsu excavator construction in China were 101, a year-on-year decrease of 0.7%, and the decline narrowed again, and the trend was basically the same as that of domestic excavator sales.
In terms of export market, 10667 excavators were exported in September, up 73.3% year on year. Among them, the export sales volume was the highest in 2022, and the year-on-year growth rate was the highest since the second and third quarters. Despite the impact of such disturbing factors as epidemic, geopolitical conflict and typhoon weather, the excavator foreign trade market remained resilient in September, which is still an important engine supporting the growth of excavator sales.
In recent months, the continuous optimization of policies, the implementation of a large number of new projects and the acceleration of projects under construction have, to some extent, restored market confidence. Some insiders said that infrastructure investment is an important hand to stabilize the economic market. As the policy of stabilizing the economy and investment continues to increase, the growth rate of infrastructure investment in the fourth quarter is expected to further increase, which will further stimulate the vitality of the excavator market.
