The Sales of Chinese Excavators Increased 23% Year-on-year in 2009 due to depressed exports and other factors. However, since June, the demand has been maintaining prosperous. According to statistics, in 2009, China’s 23 leading major manufacturing companies have sold a total of 95,000 excavators, increasing 23% year-on-year significantly, setting an annual sales volume of record. Judging from the sales season in 2009, the overall sales were sluggish in the first two quarters of 2009, except the jumping growth appeared in February. Since June, the year-on-year growth of Chinese sales turned to be positive and the accumulative sales in the first eight months have exceeded the level of 2008. The year-on-year growth in the third quarter was more than 40%, and the figure was as high as 120% in the fourth quarter. Komatsu, Doosan, Hitachi, Hyundai, Kobelco and other foreign brands continued to lead the sales chart, the sales of which accounted for 60% of the total sales in China. The average annual sales of the leading four companies even exceeded 10,000 units. Chinese domestic excavator companies also performed well in 2009. The sales of Sany, Liugong, Yuchai, Foton Lovol and Sunward were more than 2000 units; Xiamen Engineering Machinery, Li Shide, Pengpu also realized double sales. The sales of Sany grew more than 90% dramatically, and Shengang increased nearly 50%. From a regional sales market perspective, the sales of 22 provinces have exceeded 2,000 units. The sales in Heilongjiang, Qinghai, Shaanxi, Gansu and Hainan all enjoyed an increase of over 50%, and in Heilongjiang, the growth even increased 105%. In contrast, the exports substantially reduced by 70% due to the weak international market. In terms of Chinese top ten users industry, the demand from road construction was the most, representing 18.7% of the total sales of excavators in 2009; 25.3% from mining industry; 25.3% from municipal construction. These three large industries provided more than 60% demand for the excavators industry. Experts expected that this figure will keep 8-10% annual growth before 2012.
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