With the gradual improvement of the impact of the global new crown epidemic, the international engineering construction market has begun to pick up. Su Zimeng, president of China Construction Machinery Industry Association, recently introduced that in the first half of the year, Chinese construction machinery enterprises had prominent competitive advantages in the international market, and their export volume continued to grow. In the second half of the year, the construction machinery market is expected to stabilize and rebound, the industry operation will gradually improve, and the main indicators of the industry throughout the year will show a trend of low before and then high.

Sales stabilized and rebounded

"Since March 2022, the market demand in the construction machinery industry has declined, product sales have declined, and the industry's operation has shown a downward trend." Su Zimeng said.

From the sales volume of 12 key construction machinery products according to the statistics of the association, January-February started well, with a year-on-year increase of 3.87% in January, a year-on-year increase of 16.3% in January-February, a year-on-year decrease of 19.6% in March: a large decline in April, a year-on-year increase It fell by 30.5%; it continued to fall in May, down 18.5% year-on-year; in June, the decline narrowed sharply, down 7.16% year-on-year, and up 7.78% month-on-month, reversing the negative growth situation in April and May.

The China Construction Machinery Industry Association said that since June, the resumption of work and production of enterprises has been progressing in an orderly manner, and the effect of economic stabilization policies has gradually become effective.

According to the sales statistics of 26 excavator manufacturing enterprises, 20,761 excavators of various types were sold in June, down 10.1% year-on-year, and the decline in sales narrowed, which was better than market expectations.

Changjiang Securities believes that the implementation of relevant policies in the second half of the year is expected to be accelerated, and the project will be rushed after the resumption of work. It is expected that the growth rate of excavator sales in the third quarter is expected to turn positive. According to Zhongtai Securities, the improvement trend of construction machinery demand is clear, and in 2022, the construction machinery industry may show the characteristics of "demand moving backward, not weak in off-season".

Exports are growing rapidly

In the first half of the year, the export of construction machinery showed a growth trend against the trend. According to data from the association, from January to June, a total of 143,094 excavators were sold, a year-on-year decrease of 36.1%. Among them, 91,124 units were in the domestic market, a year-on-year decrease of 52.9%; 51,970 units were exported, a year-on-year increase of 72.2%.

In the first half of 2022, China's construction machinery import and export trade volume reached 21.391 billion US dollars, a year-on-year increase of 25.2%. Among them, the import value was 1.502 billion US dollars, a year-on-year decrease of 26.7%; the export value was 19.89 billion US dollars, a year-on-year increase of 32.3%.

Su Zimeng said that in the first half of the year, the export of construction machinery continued to show a high growth rate. Among them, January and June both set records for the highest monthly export value, and June was close to 4 billion US dollars.

From the perspective of construction machinery companies, Sunward Intelligent said that in the first half of the year, overseas sales revenue of construction machinery is expected to increase by more than 50% year-on-year. XCMG Group said that in the first half of the year, XCMG Brazil's sales revenue has reached a new level. On the basis of the 200% growth rate achieved in the same period in 2021, it will increase by 200% in the first half of 2022, achieving a historic breakthrough. In the past year, the sales volume of XCMG cranes in Brazil has more than doubled.

As a leading construction machinery enterprise, Sany Heavy Industry revealed in its semi-annual report performance forecast that the company will continue to strengthen the R&D investment in construction machinery products and key components, especially the R&D of digital, electrified and international products and technologies. Promote digitalization, electrification and internationalization strategies.

Zhongtai Securities believes that with the continuous expansion of domestic OEMs in overseas markets, the overseas market share of domestic brands continues to increase, and the export of construction machinery is expected to continue to grow steadily. Editor / Xu Shengpeng