China Excavator Market Monitoring Analysis and Forecast Report in April 2011

　　The PMI in April was 52.9%, a decrease of 0.5% from the previous month. Generally speaking, the PMI index will continue to rise in March and April, but the rebound of the PMI index in March this year was not as strong as in previous years. After a brief rebound last month, the PMI index continued to fall again in April, showing that it was accompanied by the adjustment of my country’s economic structure. Economic growth is in the process of moderate correction. The planned total investment of newly-started projects from January to April was 5.3389 billion yuan, a year-on-year decrease of 1.1%. Following the sharp decline in the number of projects, the investment amount followed a decline this month.

　　◆Domestic brands seize the share of Japan and South Korea, while European and American brands have a stable performance.

　　From January to April, 13 domestic excavator brands sold 35,253 units, with a market share of 34.76%, which was higher than the 28.71% market share in 2010. Among them, domestic brands such as Sany Heavy Machinery, Yuchai, Liugong, Shanjianji, Foton Lovol and other domestic brands have increased year-on-year higher than the overall level of the industry, and are developing rapidly. European and American excavators represented by Caterpillar, Volvo and Atlas sold 12,599 units from January to April, accounting for 12.47% of the market share, slightly higher than the 11.57% level in 2010, showing stable performance; Japanese and Korean brands There has been a shrinkage, and the share has fallen rapidly. <BR&NBSP; />

　　◆ Demand shifted to both ends, and the share of 20-25T declined significantly.

　　From the perspective of demand structure, the three tonnage ranges of 6-13T, 13-19T and 35-34.9T have grown rapidly, with an increase of 80%-95%; followed by the ≤1T and 30-35T tonnage segments, which also exceed the overall industry growth rate. Level. The traditional important sales range 20-25T continued to shrink after the first quarter. The market share from January to April fell by 5.40% compared with 2010, and demand gradually shifted to both ends.

　　◆The growth rate of exports far exceeds the domestic market, and the annual growth rate is expected to exceed 50%.

　　1-4月厂家累计出口1272台，同比增幅73.77%，高于国内市场26个百分点以上。海关总署最新发布1-4月份进出口数据显示，前4个月，我国进出口总值11003.2亿美元，比去年同期增长28.5%。其中出口5553亿美元，同比增长27.4%;进口5450.2亿美元，增长29.6%。累计贸易顺差102.8亿美元，减少32.8%。

　　值得注意的是，2011年4月挖掘机销量较3月环比下降38.79%，远高于2010年4月的环比降幅27.48%，下降速度较快，高于20-25%的市场预期。根据中国工程机械商贸网调查显示，主要原因是需求端出现变化，3月部分透支4月份需求;另外传统促销手段出现效用递减，新手段难产无法跟进。预期5月份市场进一步萎缩，环比降幅会再次超过20%。