On February 21, China Construction Machinery Industry Association released data that the industry is expected to face certain pressure in the first quarter of 2023, but with the passage of time, the pressure will gradually ease, and the annual domestic market demand will be better than 2022; the construction machinery industry will achieve an effective improvement in quality and reasonable growth in quantity. Industry insiders said that special bonds to help the infrastructure industry boom rebound, the number of project starts continue to increase, while the real estate industry policy gradually relaxed, construction machinery sales are expected to usher in the rise.
“The construction machinery industry achieved stable development in 2022 after weathering multiple tests. Among them, exports played a prominent supportive role, and the annual economic operation was generally in line with expectations.” Su Zimeng, president of the China Construction Machinery Industry Association (CCMIA), while reviewing the development situation of the industry in 2022.
Data from the China Construction Machinery Industry Association showed that the sales of major products in the construction machinery industry declined significantly in 2022 compared to 2021. Among them, 261,000 units of excavators were sold, down 23.8% year-on-year. By market, excavator exports were 109,000 units, up 59.8% year-on-year; domestic sales were 152,000 units, down 44.6% year-on-year.
China’s construction machinery exports set another record in 2022, reaching US$44.302 billion, on top of the record US$34 billion in 2021.
It is worth noting that among the construction machinery export products, the export of high-tech construction machinery grew significantly, with the export value of crawler excavators increasing by 65.8% year-on-year.
Disturbed by multiple factors, the performance of many listed construction machinery companies in 2022 declined, or even lost money. Among them, construction machinery leading Sany Heavy Industry is expected to 2022 annual net profit attributable to shareholders of listed companies is 4 billion yuan – 4.6 billion yuan, down 66.76% – 61.77% year-on-year. In this regard, Sany Heavy Industry said, by the domestic construction machinery industry in the downward adjustment period, coupled with the macroeconomic slowdown, the effective start rate of engineering and other factors, the domestic construction machinery market demand decreased significantly, operating income fell significantly.
Construction Machinery Industry Association data show that, affected by a variety of factors, the main products of construction machinery sales in January is relatively sluggish. From the data in the first half of February, the situation has improved.
Su Zimeng said: “2023 is conducive to the stable development of the construction machinery industry many factors, including macro policy regulation and control to strengthen, real estate will gradually come out of the bottom, the role of investment pull to strengthen; major projects and major projects have started; infrastructure construction speed up, special debt to accelerate, policy bank new loans to increase. ”
Su Zimeng expects that the whole industry will face certain pressure in the first quarter, but with the passage of time, the pressure will gradually ease, the annual domestic construction machinery market demand will be better than 2022; exports are expected to remain at a high level. The construction machinery industry will achieve an effective improvement in quality and reasonable growth in quantity.
Dongguan securities said, special bonds to help infrastructure industry boom rebound, while the real estate industry policy gradually optimized, construction machinery demand increased, construction machinery sales are expected to usher in the rise.
Post time: Mar-16-2023
