The market research time of China's construction machinery circulation field is July 4-14, 2022. The scope of excavator models in the report below is: small excavator ≤ 18.5t, medium excavator ≤ 18.5t ~ 28.5t, large excavator ≥ 28.5t; The provinces covered by each region are: East China (Anhui, Shandong, Jiangsu, Zhejiang, Jiangxi, Fujian, Shanghai), South China (Guangxi, Guangdong, Hainan), central China (Hubei, Hunan, Henan), North China (Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia), Southwest (Sichuan, Chongqing, Yunnan, Guizhou, Tibet), Northwest (Shaanxi, Gansu, Ningxia, Qinghai, Xinjiang), Northeast China (Liaoning, Jilin, Heilongjiang).
Expected feedback of domestic excavator market in July 2022
1. Expected year-on-year growth rate of overall sales
The vast majority of the surveyed agents expect the domestic excavator market to decline to varying degrees year-on-year in July 2022. 29.76% of the surveyed agents expect a year-on-year decline of more than 50%, 4.72 percentage points lower than that of the previous month; 13.10% of the surveyed agents are expected to have a year-on-year decline of 41% to 50%, 36.91% are expected to have a year-on-year decline of 21% to 40%, and 14.28% are expected to have a year-on-year decline of 0% to 20%. Only 4.76% and 1.19% of the surveyed agents are expected to be flat or slightly increased year-on-year in July.
2. Expected year-on-year growth rate of small excavator sales
96.43% of the surveyed agents expect the domestic small excavation market to decline to varying degrees year-on-year in July 2022, 1.27 percentage points lower than that expected in the same period in June. 19.05% of the surveyed agents are expected to have a year-on-year decline of more than 50%, 20.24% are expected to have a year-on-year decline of 41% to 50%, 40.48% are expected to have a year-on-year decline of 21% to 40%, and 16.66% are expected to have a year-on-year decline of 0% to 20%. 1.19% and 2.38% of the surveyed agents are expected to be flat or increase slightly year-on-year.
3. Expected year-on-year growth rate of sales of medium-sized excavators
89.28% of the surveyed agents expect that the domestic China mining market will decline to varying degrees year-on-year in July 2022, an improvement of 6.12 percentage points over the previous month. 29.76% of the surveyed agents expect a year-on-year decline of more than 50%, 28.57% expect a year-on-year decline of 31% - 50%, 19.05% expect a year-on-year decline of 21% - 30%, and 11.9% expect a year-on-year decline of 0% - 20%. 5.96% of the surveyed agents are expected to be flat year-on-year, and 4.76% are expected to increase year-on-year.
4. Expected year-on-year growth rate of large excavator sales
88.09% of the surveyed agents expect the domestic market to decline to varying degrees year-on-year in July 2022, a slight improvement of 3.86 percentage points over the previous month. 29.76% of the surveyed agents expect a year-on-year decline of more than 50%, 30.96% expect a year-on-year decline of 31% - 50%, 11.90% expect a year-on-year decline of 21% - 30%, and 15.47% expect a year-on-year decline of 0% - 20%. 5.95% of the surveyed agents are expected to be flat year-on-year, and 5.96% are expected to increase year-on-year.
5. In June, 2022, statistics of customer equipment operating rate
In June 2022, 25.00% of the surveyed customers' equipment operating rates were lower than 40%, and 32.14% and 26.19% of the surveyed customers' equipment operating rates were between 40% and 50% and 50% and 60% respectively. The proportion of operating rates above 50% - 60% and 70% was 11.90% and 4.76% respectively, and the proportion decreased by 4.19% and increased by 0.16 percentage points respectively.
In the first week of July 2022, the operating rates of customers' equipment in various regions have differentiated to varying degrees. 33.33% of the surveyed customers' equipment operating rate was lower than 40%, 8.33 percentage points worse than the end of June; 16.67% of the surveyed customers' equipment operating rate exceeded 60%, basically unchanged from the end of June. However, the proportion of customers with operating rate of more than 70% decreased by 2.38 percentage points.
6. In July 2022, the year-on-year change of new orders for complete machine sales is expected
91.67% of the surveyed agents expect that the new orders for complete machine sales in July 2022 will decrease year-on-year, with a decrease of 1.19 percentage points from the previous month, and 8.33% expect that the new orders for complete machine sales will increase year-on-year.
Domestic excavator market price monitoring feedback in June 2022
Month on month changes in sales transaction prices of domestic excavators in June 2022
At the end of June 2022, in the domestic excavator market, the sales transaction price of large excavators decreased by 3.69% month on month compared with may, and the decline was slightly improved by 0.15 percentage points compared with the previous month; The sales transaction price of medium-sized excavators decreased by 2.34% month on month, with a decrease of 0.51 percentage points over the previous month; The sales transaction price of small excavators decreased by 1.21% month on month, with a decrease of 0.24 percentage points.
Feedback on domestic excavator market inventory at the end of June 2022
By the end of June 2022, the total inventory of the surveyed agents in the domestic market reached 4808 units. The average inventory was 34 units, with a month on month decrease of 35.85%; Among them, the average inventory of large excavators above 30t is 6, the average inventory of 19~30t medium excavators is 12, and the average inventory of small excavators below 19T is 16.
Feedback on domestic construction machinery market risk from June to July 2022
1. Statistics on the overdue rate of customer financing, mortgage or installment repayment in June 2022
At the end of June 2022, in the domestic market, the first, second and third overdue rates of financing, mortgage or installment repayment of the surveyed customers averaged 8.80%, 6.18% and 5.12% respectively, a decrease of 1.05, 0.98 and 2.34 percentage points respectively from the end of last month, and the overall overdue situation has improved slightly.
2. In July 2022, the expected judgment of customer repayment overdue rate
In July 2022, 63.10% of the surveyed agents expected that the overdue repayment rate of customers would increase compared with June, and 36.90% of the surveyed agents expected that the overdue repayment rate of customers would decrease month on month, an increase of 1.27 percentage points over the previous month. The risks at the channel end of the domestic construction machinery industry are still accumulating.
3. In June 2022, the collection rate of customer's equipment engineering funds was calculated
At the end of June 2022, the average collection rate of customer equipment engineering was 54.98%, slightly improved by 0.16 percentage points over the same period last month, with the maximum value of 99% and the minimum value of 5%. The former decreased by 1 percentage point. The payment collection of customers was slightly improved by the availability of funds for the overall downstream project.
4. From June to July 2022, statistics of changes in customer equipment shift fees
In June 2022, the revenue of shift fees for customer equipment decreased by 5.85% year-on-year for large excavators, 4.83% year-on-year for medium-sized excavators, and 2.92% year-on-year for small excavators, which were improved by -0.81, -0.90 percentage points and 0.10 percentage points respectively compared with the previous month. The revenue of shift fees for medium and large excavators increased slightly.
In July, 2022, the revenue of machine shift fees for customer equipment is expected to decrease by 1.42% month on month for large excavators, 1.25% month on month for medium excavators, and 0.91% month on month for small excavators.
