WHERE CHINESE HYDRAULIC MOTORS GO
2022-07-19
As we know, China is the world’s second-largest economy
and the biggest ‘global factory’. According to the 2021 data, China’s hydraulic
machinery and parts manufacturing industry takes up almost 30% of the global
market by scale. Within the last few years, export volume has gradually
increased. Despite the Covid-19 severe lockdown in Shanghai in spring 2022, the
export of hydraulic motors increased by 6% compared to the same period of last
year (January-May 2021) and reached 898172 units.
Export of Chinese Hydraulic Motors, 2018-2022
Year
|
Period 1
|
Quantity (units)
|
Revenue (USD)
|
Period 2
|
Quantity (units)
|
Revenue (USD)
|
2018
|
January-May
|
456741
|
45,718,648
|
All year
|
1158530
|
117,958,661
|
2019
|
January-May
|
554375
|
47,587,721
|
All year
|
1033862
|
106,836,293
|
2020
|
January-May
|
516969
|
42,135,296
|
All year
|
1203032
|
106,804,905
|
2021
|
January-May
|
846806
|
63,155,176
|
All year
|
1836476
|
179,749,657
|
2022
|
January-May
|
898172
|
94,223,575
|
All year
|
N/A
|
N/A
|
The biggest importer of Chinese hydraulic motors is the
USA, which is not surprising considering that it is the world's
second-largest construction market. Germany, Italy, Denmark and Poland are the
most significant European importers. South America's biggest buyer is Brazil
and South East Asia's are Malaysia and Indonesia. As the fourth biggest
construction market in the world, which is estimated to move to the third
position by 2030, India is also one of the biggest importers. Canada with a
total construction market share of 2% closes the list.
Export of Chinese
Hydraulic Motors By Quantity in January-May 2022
Country
|
Quantity (units)
|
% of Export Volume
|
USA
|
181197
|
21.4
|
Germany
|
74375
|
8.8
|
Italy
|
54735
|
6.5
|
Indonesia
|
50757
|
6
|
Brazil
|
47790
|
5.6
|
Malaysia
|
38859
|
4.6
|
Denmark
|
38226
|
4.5
|
India
|
35889
|
4.2
|
Poland
|
32445
|
3.8
|
Canada
|
28687
|
3.4
|
Alisa Sergienko
WEITAI Marketing Department