According to the statistics of China construction machinery association, the 25 excavator manufacturing enterprises included in the statistics sold 9,942 excavators in January 2020, down 15.4% year on year. Among them, 7,758 were in China, down 23.5% year on year; Exports were 2184 units, up 35.3% year on year.

Table 1: China mining machinery market overview

Table 2: overview of domestic mining machinery market

in 2019, a total of 235,693 excavators were sold, with a year-on-year growth of 15.9%

Excavator sales in China rose 25.8% in December 2019 from a year earlier, up 4.8 percentage points from November. A total of 235,693 excavators were sold in 2019, up 15.9 percent year on year. The agency believes that under the multiple factors such as the steady growth of infrastructure investment, the coming of industry replacement cycle and the opening of export increment market under the background of One Belt And One Road strategy, the prosperity of construction machinery sector is expected to continue in 2020, and the peak of excavator stock renewal will occur in 2021.

Excavator sales in China rose 25.8 per cent in December from a year earlier, up 4.8 per cent from November. A total of 235,693 excavators were sold in 2019, up 15.9 percent year on year and a record high set last year. The agency believes that under the multiple factors such as the steady growth of infrastructure investment, the coming of industry replacement cycle and the opening of export increment market under the background of One Belt And One Road strategy, the prosperity of construction machinery sector is expected to continue in 2020, and the peak of excavator stock renewal will occur in 2021.

According to statistics released by the China association of construction machinery industry on Friday, the 25 excavator manufacturers included in the survey sold 20,155 excavators in December 2019, up 25.8% year on year. Among them, 17,238 were in China, up 20.7% year on year; Exports were 2,917, up 66.8% year on year.