In 2010, under the general improvement of the global economy, the construction machinery industry in South Korea gradually escalated from the financial crisis and showed a favorable situation of “internal demand growth†and “export recoveryâ€. The total annual production and sales of construction machinery reached 77 There were 784 and 74,895 units, which were an increase of 76.5% and 66.3% respectively.
In terms of domestic sales, in 2010, driven by the demand from related domestic industries in Korea and the recovery of foreign economies, a total of 26,670 sets of construction machinery were sold, a year-on-year increase of 35.2%, reaching more than 25,000 for the first time since 1996, and creating a record high. , achieved a good trend of continuous growth for five years.
In 2010, the rapid growth of emerging markets represented by China, and the slow recovery of developed countries represented by Western Europe and the United States, enabled South Korea’s export of construction machinery products to escape the downward trend after the outbreak of the financial crisis in 2008. 48 225 units, a year-on-year increase of 90.6%, close to the best level in history in 2007; total exports amounted to US$6.06 billion, an increase of 87.3% year-on-year.
Among the export regions, the export value of emerging markets increased by 90.6% year-on-year, and that of Asia was 1.02 billion US dollars, a year-on-year increase of 57.8%. Among them, exports to the Chinese market increased by 109.1% year-on-year, setting a record high; the Middle East was 640 million U.S. dollars. , a year-on-year increase of 45.3%; Europe, 990 million US dollars, an increase of 145.1% over the same period last year, driven by the growth of investment in the Russian natural gas industry, South Korea's construction machinery exports to the region accounted for 20% of total European exports; Central and South America 480 million. The U.S. dollar increased by 121.2% year-on-year; North America posted U.S. $430 million, a year-on-year increase of 62.4%, showing a gradual growth month by month.
In 2010, the sales of major models of construction machinery in South Korea also showed an upward trend, and the growth trend of medium and large-sized engineering equipment was particularly evident. Among them, excavator sales were 10,668 units, an increase of 29.2% year-on-year. After 1997, the sales volume reached more than 10,000 units for the first time. Sales volume above 45 t increased by 142.2% year-on-year; wheel loaders sold 263 units, an increase of 31.5% year-on-year, following 2004. In the third year after 2006 and 2006, the number reached more than 200. Forklift sales of 14 031 units, an increase of 45.3% year-on-year, is the highest value of sales since 1996. Concrete pump trucks and skid-steer loaders are two of the products that performed slightly less well. Although the sales volume of concrete pump trucks increased by 25.6% year-on-year, the annual sales volume was less than 200 units (only 179 units); due to factors such as the suspension of production of Doosan skid steer loaders, the sales volume of such products was 427 units, a year-on-year decrease of 7.4%.
Expected to continue to grow slightly in 2011 According to the Korean Construction Machinery Industry Association, South Korea’s construction machinery will continue to maintain growth in 2010, but the growth rate will decline. Domestic sales of 26,395 units in Korea are expected to decrease by 1% year-on-year; exports are 56 470 units, an increase of 13.4% year-on-year.
In terms of exports, in 2011, changes in the exchange rate of the Korean won against the US dollar will have a certain impact on the export of construction machinery in Korea. At the same time, the degree of economic growth at different levels in the world will present regional export differences. It is expected that the proportion of exports from developing countries will be presented. Upward trend. South Korea’s construction machinery will further increase its exports to markets such as China, Brazil, India, and Russia, but Brazil’s economic growth has been slow recently, and the import of construction machinery tariffs has increased, which has had an adverse impact on the export of Korean construction machinery. For other regions, Korean construction machinery exports to India and Indonesia will continue to maintain growth; exports to Western Europe will be restored as early as the second half of 2012; exports to the United States will maintain a growth rate of 1% to 2%. .
In 2011, with regard to the sales of main types of construction machinery, the Korean domestic market for excavators has become saturated. It is expected that the sales volume of equipment with a significant growth rate of over 30 t will be significantly reduced in 2010; driven by domestic roads and railway projects. It is expected that there will be no apparent decline in the sales of small and medium-sized equipment. In 2011, Korean excavator sales are expected to decline by about 10% year-on-year. Benefiting from the impact of large-scale bridge projects in China, the growth of sales of wheel loaders is expected to continue into the first half of 2011, and annual sales are expected to decline by around 5% year-on-year. Forklifts will benefit from the domestic and foreign circulation industries and will continue to maintain growth in 2010. However, it is expected that the growth rate will slow down, with a year-on-year growth rate of around 5%. Concrete pump trucks and skid-steer loaders are expected to continue to show a downward trend.
In terms of domestic sales, in 2010, driven by the demand from related domestic industries in Korea and the recovery of foreign economies, a total of 26,670 sets of construction machinery were sold, a year-on-year increase of 35.2%, reaching more than 25,000 for the first time since 1996, and creating a record high. , achieved a good trend of continuous growth for five years.
In 2010, the rapid growth of emerging markets represented by China, and the slow recovery of developed countries represented by Western Europe and the United States, enabled South Korea’s export of construction machinery products to escape the downward trend after the outbreak of the financial crisis in 2008. 48 225 units, a year-on-year increase of 90.6%, close to the best level in history in 2007; total exports amounted to US$6.06 billion, an increase of 87.3% year-on-year.
Among the export regions, the export value of emerging markets increased by 90.6% year-on-year, and that of Asia was 1.02 billion US dollars, a year-on-year increase of 57.8%. Among them, exports to the Chinese market increased by 109.1% year-on-year, setting a record high; the Middle East was 640 million U.S. dollars. , a year-on-year increase of 45.3%; Europe, 990 million US dollars, an increase of 145.1% over the same period last year, driven by the growth of investment in the Russian natural gas industry, South Korea's construction machinery exports to the region accounted for 20% of total European exports; Central and South America 480 million. The U.S. dollar increased by 121.2% year-on-year; North America posted U.S. $430 million, a year-on-year increase of 62.4%, showing a gradual growth month by month.
In 2010, the sales of major models of construction machinery in South Korea also showed an upward trend, and the growth trend of medium and large-sized engineering equipment was particularly evident. Among them, excavator sales were 10,668 units, an increase of 29.2% year-on-year. After 1997, the sales volume reached more than 10,000 units for the first time. Sales volume above 45 t increased by 142.2% year-on-year; wheel loaders sold 263 units, an increase of 31.5% year-on-year, following 2004. In the third year after 2006 and 2006, the number reached more than 200. Forklift sales of 14 031 units, an increase of 45.3% year-on-year, is the highest value of sales since 1996. Concrete pump trucks and skid-steer loaders are two of the products that performed slightly less well. Although the sales volume of concrete pump trucks increased by 25.6% year-on-year, the annual sales volume was less than 200 units (only 179 units); due to factors such as the suspension of production of Doosan skid steer loaders, the sales volume of such products was 427 units, a year-on-year decrease of 7.4%.
Expected to continue to grow slightly in 2011 According to the Korean Construction Machinery Industry Association, South Korea’s construction machinery will continue to maintain growth in 2010, but the growth rate will decline. Domestic sales of 26,395 units in Korea are expected to decrease by 1% year-on-year; exports are 56 470 units, an increase of 13.4% year-on-year.
In terms of exports, in 2011, changes in the exchange rate of the Korean won against the US dollar will have a certain impact on the export of construction machinery in Korea. At the same time, the degree of economic growth at different levels in the world will present regional export differences. It is expected that the proportion of exports from developing countries will be presented. Upward trend. South Korea’s construction machinery will further increase its exports to markets such as China, Brazil, India, and Russia, but Brazil’s economic growth has been slow recently, and the import of construction machinery tariffs has increased, which has had an adverse impact on the export of Korean construction machinery. For other regions, Korean construction machinery exports to India and Indonesia will continue to maintain growth; exports to Western Europe will be restored as early as the second half of 2012; exports to the United States will maintain a growth rate of 1% to 2%. .
In 2011, with regard to the sales of main types of construction machinery, the Korean domestic market for excavators has become saturated. It is expected that the sales volume of equipment with a significant growth rate of over 30 t will be significantly reduced in 2010; driven by domestic roads and railway projects. It is expected that there will be no apparent decline in the sales of small and medium-sized equipment. In 2011, Korean excavator sales are expected to decline by about 10% year-on-year. Benefiting from the impact of large-scale bridge projects in China, the growth of sales of wheel loaders is expected to continue into the first half of 2011, and annual sales are expected to decline by around 5% year-on-year. Forklifts will benefit from the domestic and foreign circulation industries and will continue to maintain growth in 2010. However, it is expected that the growth rate will slow down, with a year-on-year growth rate of around 5%. Concrete pump trucks and skid-steer loaders are expected to continue to show a downward trend.
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