China’s excavator sales decrease by 28.9 percent in October

China's excavator sales decrease by 28.9 percent in October

In October 2023, China’s excavator manufacturers sold 14,584 excavators of various types, down by 28.9% year on year, according to statistics.

 In particular, excavator sales in the Chinese domestic market amounted to 6,796 units, down by 40.1% year on year, while excavator sales to the export markets totaled 7,788 units, down by 14.9% year on year.

From January to October 2023, the sales volume of the excavator industry was 163,396 units, a year-on-year decrease of 26%. In the Chinese domestic market, the sales amounted to 74,871 units, down by 43% year on year, while those to export markets totaled 88,525 units, down by 1.04% year on year.

The demand for excavators from downstream users has been slack, resulting in a year-on-year decline in excavator sales in the given month.

22 NOV 2023 reported by Machinery News