Mechanical manufacturing bottom quarter

According to statistics, in October 2012, 28 major excavator manufacturers sold a total of 5,921 excavators, which was a year-on-year decline of 33.64% and a month-on-month increase of 0.27%. From January to October, the total sales volume of the industry was 101,821 units, a year-on-year decrease of 36.43%.

The fourth quarter was the small busy season of the excavator in the second half of the year. Traditional corporate shipments in October rose by 15-20% from September, much better than this year. According to industry information, the current status of dealers' payment has not improved, and there has not been a clear recovery in the utilization rate and working hours of stockpile excavators. It is expected that dealers' destocking will continue in the fourth quarter. Due to the dismal sales in October, it is expected that the market will turn downwards in November and it is expected that the sales of excavators will be at the bottom of the whole fourth quarter.

Exports continued to grow, and the growth rate fell from the previous month. In October, 442 units were exported, a year-on-year increase of 24.51%, accounting for 7.46%, and a larger proportion than the 13.7% of the previous month.

Import substitution continues. In October 2012, 9 major foreign brand excavators sold 2,828 excavators, a year-on-year decline of 42.05%, a 4.55% increase from the previous quarter, accounting for 47.76%. From January to October, the sales volume of foreign brands accounted for 51.93%, a significant drop from last year.

In the product structure of this month, the proportion of small digging increased significantly, and the proportion of large digging continued to decline. The proportion of small diggings increased significantly this month, mainly related to the construction machinery of farmland water conservancy and other construction machinery entering the construction period in the fourth quarter, which will increase the demand for small digging. The proportion of large digging continued to decline slightly, which was mainly due to the continued negative impact of falling resource prices.