In February 2012, sales data of the construction machinery industry announced that in addition to crawler cranes, truck cranes, and loaders, sales data for models such as excavators, bulldozers, and road rollers continued to decline year-on-year since January, and the industry as a whole remained under pressure. in. Some experts believe that the country's macroeconomic regulation and control will take the lead in this year's "stability." Investment in fixed assets will still be an important means for the government to regulate the economy. Although last year's high base effect last year, the sales of construction machinery did not perform well in the first quarter of this year, but there was no need to overly pessimistic sales for the whole year. The gradual improvement of liquidity and the commencement of key projects started, and the industry boom will usher in an opportunity. .
The correlation between industry demand and monetary policy remains obvious. The forward-looking effect of M2 on the year-on-year growth rate of the construction machinery industry has been continuously verified in recent years. The M2 growth rate in February was 13%, an increase of 0.60 percentage points from the growth rate in January, and the steady trend since the end of last year. It is expected that the inflationary pressure in 2012 will no longer be the focus of policy attention. The intensity of new credit supply and the extent of recovery of new projects after the weather has warmed up will determine the sales volume of the construction machinery industry.
In Spring Festival, the excavator's year-on-year decline narrowed to 24.07% in February: 28 excavator manufacturers sold 15,618 excavators in February, a year-on-year decrease of 24.07%, a month-on-month increase of 199.14%, and a total of 20,839 units in January and February. The year-on-year decline was 34.24%. In the first quarter, affected by the high base of last year, the year-on-year negative growth will still be a high probability event.
The loader increased by 9.16% year-on-year, and demand was relatively stable. In February, 27 major loader manufacturers sold 17797 loaders, which was a year-on-year increase of 9.16% and a month-on-month increase of 150.94%. In January-February, the sales volume was 24,889 units, a year-on-year decrease of 18.21. %. Sales of Xiagong, Liugong, Linggong and Xugong recorded a year-on-year increase, while Longgong recorded a year-on-year decline. We believe that the demand in the field of mines and terminal logistics will continue to stabilize the sales of domestic loaders.
Road investment was sluggish, bulldozers and road rollers continued to decline sharply in sales: In February, 10 major bulldozer manufacturers sold 982 bulldozers, a year-on-year decrease of 17.96% and a month-on-month increase of 113.48%. Total sales for January and February were 1,442, a year-on-year decrease of 44.04. %. In February, 22 major road roller manufacturers sold 1,055 road rollers, a year-on-year decrease of 30.50% and a month-on-month increase of 64.33%. In January-February, the industry sold 1,697 units, a year-on-year decline of 41.34%. The sales growth since April 2011 remained negative year-on-year. continue. In the context of the relatively warmer temperatures in many regions of China and the declining investment in downstream highways this year, the first quarter as a traditional sales season has shown a relatively deserted state. It is expected that the bulldozers and roller industry will still face greater demand pressure in 2012, and exports will It will become an important support for the two industries.
The February sales of cranes rebounded sharply from the previous month, and they were divided over the previous year. In February, 14 major truck crane manufacturers sold 2,860 truck cranes, a year-on-year decrease of 9.15% and a month-on-month increase of 98.89%. In January and February, 4298 units were sold, a year-on-year decrease of 18.98. %. In February, seven major crawler crane manufacturers sold 107 crawler cranes, a year-on-year increase of 0.94% and a month-on-month increase of 57.35%. In the January-February period, 175 units were sold, representing a year-on-year decrease of 9.79%. In February, a total of 11 major truck-mounted crane manufacturers achieved sales of truck-mounted cranes of 945 units, a year-on-year increase of 67.85% and a month-on-month increase of 91.68%. In January-February, 1,438 units were sold, a year-on-year increase of 27.26%. It is expected that with the gradual recovery of railway infrastructure under the advent of the March peak season and a relatively loose credit environment, the sales volume of truck cranes will take a downturn. The sales of crawler cranes have stabilized and recovered at the end of last year. The slight decline in the last two months has not affected the relatively stable sales of this species.
Exports rebounded year-on-year: In February, exports of loaders, bulldozers, rollers, and excavators increased by 56.89%, 40.10%, 10.92%, and 122.17% year-on-year, respectively. Exports for the month accounted for 13.56%, 29.53%, 25.02%, and 3.02%, respectively. External demand will continue to stabilize sales of other models except for excavators.
The correlation between industry demand and monetary policy remains obvious. The forward-looking effect of M2 on the year-on-year growth rate of the construction machinery industry has been continuously verified in recent years. The M2 growth rate in February was 13%, an increase of 0.60 percentage points from the growth rate in January, and the steady trend since the end of last year. It is expected that the inflationary pressure in 2012 will no longer be the focus of policy attention. The intensity of new credit supply and the extent of recovery of new projects after the weather has warmed up will determine the sales volume of the construction machinery industry.
In Spring Festival, the excavator's year-on-year decline narrowed to 24.07% in February: 28 excavator manufacturers sold 15,618 excavators in February, a year-on-year decrease of 24.07%, a month-on-month increase of 199.14%, and a total of 20,839 units in January and February. The year-on-year decline was 34.24%. In the first quarter, affected by the high base of last year, the year-on-year negative growth will still be a high probability event.
The loader increased by 9.16% year-on-year, and demand was relatively stable. In February, 27 major loader manufacturers sold 17797 loaders, which was a year-on-year increase of 9.16% and a month-on-month increase of 150.94%. In January-February, the sales volume was 24,889 units, a year-on-year decrease of 18.21. %. Sales of Xiagong, Liugong, Linggong and Xugong recorded a year-on-year increase, while Longgong recorded a year-on-year decline. We believe that the demand in the field of mines and terminal logistics will continue to stabilize the sales of domestic loaders.
Road investment was sluggish, bulldozers and road rollers continued to decline sharply in sales: In February, 10 major bulldozer manufacturers sold 982 bulldozers, a year-on-year decrease of 17.96% and a month-on-month increase of 113.48%. Total sales for January and February were 1,442, a year-on-year decrease of 44.04. %. In February, 22 major road roller manufacturers sold 1,055 road rollers, a year-on-year decrease of 30.50% and a month-on-month increase of 64.33%. In January-February, the industry sold 1,697 units, a year-on-year decline of 41.34%. The sales growth since April 2011 remained negative year-on-year. continue. In the context of the relatively warmer temperatures in many regions of China and the declining investment in downstream highways this year, the first quarter as a traditional sales season has shown a relatively deserted state. It is expected that the bulldozers and roller industry will still face greater demand pressure in 2012, and exports will It will become an important support for the two industries.
The February sales of cranes rebounded sharply from the previous month, and they were divided over the previous year. In February, 14 major truck crane manufacturers sold 2,860 truck cranes, a year-on-year decrease of 9.15% and a month-on-month increase of 98.89%. In January and February, 4298 units were sold, a year-on-year decrease of 18.98. %. In February, seven major crawler crane manufacturers sold 107 crawler cranes, a year-on-year increase of 0.94% and a month-on-month increase of 57.35%. In the January-February period, 175 units were sold, representing a year-on-year decrease of 9.79%. In February, a total of 11 major truck-mounted crane manufacturers achieved sales of truck-mounted cranes of 945 units, a year-on-year increase of 67.85% and a month-on-month increase of 91.68%. In January-February, 1,438 units were sold, a year-on-year increase of 27.26%. It is expected that with the gradual recovery of railway infrastructure under the advent of the March peak season and a relatively loose credit environment, the sales volume of truck cranes will take a downturn. The sales of crawler cranes have stabilized and recovered at the end of last year. The slight decline in the last two months has not affected the relatively stable sales of this species.
Exports rebounded year-on-year: In February, exports of loaders, bulldozers, rollers, and excavators increased by 56.89%, 40.10%, 10.92%, and 122.17% year-on-year, respectively. Exports for the month accounted for 13.56%, 29.53%, 25.02%, and 3.02%, respectively. External demand will continue to stabilize sales of other models except for excavators.
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