Research Report on China's Front-end Shovel Loader Export 2023-2032
Loader is an earth-moving construction machine used for shoveling bulk materials such as soil, gravel, lime and coal, and also for light shoveling operations such as ore and hard soil. The loader is used in a wide range of scenarios, and can be used in industries such as hydropower, transportation, construction, real estate, ports, and mining. With the global population growth and deepening urbanization level, economic development in emerging markets and strong demand for infrastructure, real estate and other manufacturing industries have contributed to the expansion of the loader market.
China is one of the world's major construction machinery producers and exporters, and China exports a large number of various construction machinery, including loaders, every year. According to CRI's analysis, in 2021, China exported 68,900 units of front-end loaders, up 42.45% year-on-year, with an export value of US$2.382 billion, up 58.55% year-on-year. from January to November 2022, China exported 74,000 units of front-end loaders, up 16.45% year-on-year, with an export value of US$2.625 billion, up 20.33% year-on-year.
In 2021, China exported front-end shovel loaders to about one hundred and ninety countries and regions around the world. CRI analysis shows that the Russian Federation, Argentina, Kazakhstan, Germany, Vietnam, Indonesia, Thailand, Brazil, the Philippines and Australia are the main export destinations for Chinese front-end shovel loaders by export volume.
Among them, the Russian Federation is the largest destination for China's front-end shovel loader exports. In 2021, China exported 9,579 front-end shovel loaders to the Russian Federation, accounting for 13.90% of the total export volume of front-end shovel loaders that year, with an export value of US$310 million, accounting for 12.99% of the total export value.
CRI expects global loader sales to continue to rise from 2023-2032, contributing to the growth of China's front-end shovel loader export market volume.
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