China: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in China

The Chinese mechanical shovel and excavator market reduced sharply to $X in 2021, with a decrease of -71% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Mechanical shovel and excavator consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in China

In value terms, mechanical shovel and excavator production expanded slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14%. Mechanical shovel and excavator production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from China

In 2021, shipments abroad of mechanical shovels, excavators and shovel loaders increased by 81% to X units, rising for the sixth year in a row after three years of decline. Overall, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X units), Russia (X units) and Indonesia (X units) were the main destinations of mechanical shovel and excavator exports from China, together comprising 22% of total exports. These countries were followed by Germany, the United States, Thailand, Vietnam, Australia, the Philippines, Brazil, India, Argentina and Poland, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +48.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical shovel and excavator exported from China were Indonesia ($X), Russia ($X) and Belgium ($X), with a combined 27% share of total exports. These countries were followed by the United States, Thailand, the Philippines, Germany, Australia, Vietnam, India, Brazil, Argentina and Poland, which together accounted for a further 30%.

Germany, with a CAGR of +43.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, picking up by 8.7% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 15%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into China

In 2021, overseas purchases of mechanical shovels, excavators and shovel loaders decreased by -45.7% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 77% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports shrank rapidly to $X in 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 83% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest mechanical shovel and excavator supplier to China, accounting for a 70% share of total imports. Moreover, mechanical shovel and excavator imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. The third position in this ranking was taken by South Korea (X units), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and South Korea (-17.9% per year).

In value terms, Japan ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to China, comprising 60% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports. It was followed by the United States, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-19.8% per year) and the United States (-2.1% per year).

Import Prices by Country

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, growing by 4.5% against the previous year. In general, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 40%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :