The peak season for excavators began to appear in January 2021, and it decreased by 14% during the same period in May. This is based on monthly sales changes for the equipment. Due primarily to the shifting of the spring sales season in 2021, the market's performance in February and March far exceeded expectations during these months. The demand on the market in April and May has been anticipated.
An examination of the import and export markets reveals that, from January to May 2021, the domestic market accumulated a total of 176,735 mini excavator grapple, which contributed to an increase of 31.7%, resulting in an 88% increase; the total number of export excavators was 23,998, representing a total increase of 106%, resulting in an increase of 12%; the total number of import excavators was 176,735 excavators, which contributed to an increase of 31.7%,Domestic machine sales are dominated by the domestic market, and the foreign market has reached 88% of total sales, but the foreign market is still a long way behind the domestic market in terms of sales.
For the period January to May 2021, sales and growth in different markets of China's major machine manufacturers were calculated (unit: units, %).
Domestic large, medium, and small businesses will account for 11% of total domestic market presentations between January and May 2021. Domestic medium and small businesses will account for 29% of total domestic market presentations between January and May 2021. Look at it this way: small excavators under 18.5 tons are enormous and continue to dominate the market.
As reported byYantai Jiangtu Mechanical Equipment Company, the traffic expansion project signed 24 major projects with a contract value of more than 50 million US dollars from January to April 2021, representing an increase of 12 over the same period in 2020. These projects were primarily in the fields of power engineering and were signed between January and April 2021. There was a total investment of 61.04 billion US dollars, representing 85.4% of countries with newly signed contracts, and investment along the Belt and Road increased by 14%.
The continuous annual growth in performance in the export market from January to May of 2021 is in stark contrast to the retrospective trend of changes in the domestic market, which is measured in terms of monthly sales. Among these, the performance of sales from March to May has been particularly strong and is expected to continue for another 130%. The promotion and marketing of local businesses will benefit from the increased popularity of domestic brands, which will help them to grow even faster.
