According to the latest statistics released by the Japan Construction Equipment Manufacturers Association (CEMA), sales of construction machinery in Japan in March 2020 were 247.7 billion yen (about 16.39 billion yuan), a year-on-year decrease of 17.5%. The year-on-year decline in sales for the month is the sixth month since Japan Construction Machinery continued to decline year-on-year from October 2019.
Among them, Japan ’s domestic sales for the month were 124.4 billion yen (approximately 8.23 billion yuan), an increase of 0.6% year-on-year, and sales achieved positive growth for two consecutive months. ), A year-on-year decrease of 30.3%, which has been showing a year-on-year downward trend for eight consecutive months.
Road machinery in the domestic market rose the most in the first quarter
Hydraulic excavator becomes the highest export product
In the first quarter of 2020, total sales of construction machinery in Japan were 619.4 billion yen (approximately 41.14 billion yuan), a year-on-year decrease of 17.5%. Among them, from January to March, total domestic sales in Japan were 279.2 billion yen (about 18.54 billion yuan), an increase of 0.1% year-on-year; total export sales were 340.1 billion yen (about 22.59 billion yuan), a year-on-year decrease of 28.8% .
From the perspective of 10 different models plus parts, in the first quarter of 2020, in the domestic market of Japan, road machinery became the product with the highest year-on-year increase at a year-on-year growth rate of 30.3%, while hydraulic excavators cost 78.2 billion yen ( (About 5.19 billion yuan) sales became the best model for domestic sales in Japan in the first quarter. In addition, except for road machinery, which increased by 30.3% year-on-year, hydraulic excavators increased by 0.9%, small hydraulic excavators increased by 1.9%, and parts and components increased by 6.7% year-on-year, the remaining 6 types of models (excluding tunneling machinery year-on-year growth rate were 0) Both showed a negative growth pattern.
In terms of exports, the only models that achieved year-on-year growth in the first quarter of 2020 were small hydraulic excavators, concrete machinery and basic machinery, which were 0.2%, 22.7% and 23.9%, respectively. The year-on-year decline. Among them, construction hoisting machinery had the smallest year-on-year decline of 3.2%; shovel machinery had the largest year-on-year decline of 45.9%.
However, from the perspective of export value, although the hydraulic excavator fell by 34.6% year-on-year, second only to the 45.9% of shovel machinery, it still became the first quarter of 2019 with the export value of 138.6 billion yen (about 9.21 billion yuan). The product with the highest export value of Japanese construction machinery.
FY2019 total sales
After another 3 years
In fiscal year 2019 (April 2019-March 2020), Japan's total sales of construction machinery were 25010 billion yen (approximately 165.3 billion yuan), a year-on-year decrease of 10.9%, and another three-year decline. Domestic sales increased by 2.8% year-on-year to 1.020 billion yen (approximately 67.4 billion yuan); exports decreased by 18.4% year-on-year to 148.1 billion yen (approximately 97.9 billion yuan). Among them, domestic sales have increased for two consecutive years, and exports have fallen again after three years.
In the domestic market, a total of 5 models of Japanese construction machinery achieved year-on-year growth in fiscal 2019, with hydraulic excavators up 4.5% year-on-year; construction cranes up 3.8% year-on-year; road machinery up 12.4% year-on-year; concrete machinery up 9.2% year-on-year; The hydraulic crusher increased by 0.5% year-on-year; other construction machinery increased by 3.2% year-on-year. In addition, parts and components also rose 5.1%. The model with the largest decline was tunnelling machinery, a year-on-year decrease of 25.5%.
From the perspective of exports, only four types of small hydraulic excavators, construction cranes, concrete machinery and basic machinery achieved a year-on-year increase in fiscal 2019, which were 0.2%, 1.6%, 38.4% and 13.0%, of which concrete machinery increased maximum. The remaining five models and components all showed a year-on-year decline. It is worth noting that the year-on-year change in exports of road machinery is the opposite of the largest year-on-year increase in the domestic market, with a 33.9% year-on-year decrease becoming the model with the largest year-on-year decline in exports in fiscal 2019.
In addition, although the hydraulic excavator decreased by 22.5%, it still became the champion model of Japanese export sales in the fiscal year with the sales of 599.7 billion yen (about 39.7 billion yuan).
FY 2020 may continue to decline
In February 2020, CEMA predicted that there will be a total of 6 models of domestic construction machinery in Japan in fiscal 2019. The total domestic sales will increase by 2% year-on-year to 888.9 billion yen (about 58.9 billion yuan). It is expected to grow for the second consecutive year. On the export side, total sales are expected to be 13,982 billion yen (approximately 92.7 billion yuan), a decrease of 11% from the same period last year. It now appears that the domestic market has exceeded the expected increase of 0.8 percentage points, while the actual 18.4% decline in exports is lower than previously expected.
In addition, CEMA also predicted that the total domestic sales of construction machinery in Japan for fiscal year 2020 will be 867.5 billion yen (about 57.5 billion yuan), a year-on-year decrease of 2%. In terms of exports, total exports in fiscal year 2020 are expected to be 13,619 billion yen (approximately 90.2 billion yuan), down 3% from the same period last year.
However, CEMA stated that the above forecast was produced in January 2020 and did not take into account the impact of the new crown epidemic. Therefore, what kind of trend will Japan's construction machinery have in fiscal 2020, it needs to be seen and observed.
