Steady Expansion in Overseas Shipments of Compact Power Support Systems

#Company news ·2024-12-25 11:40:58

"Steady Growth in Exports of Small Power Equipment"

The total import and export value reached $5.1 billion , a year-on-year increase of 4.8% . In the first 10 months of 2024 , China's small power supporting equipment trade saw modest growth, with exports at $4.73 billion (up 5.7% YoY) and imports at $370 million (down 5.9% YoY) . Yu Dongke, Secretary-General of the Construction and Agricultural Machinery Branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), projected that China’s small power equipment exports would maintain steady growth for the full year of 2024 .

Among small power equipment, motorized lawn mowers for parks or sports grounds, marine outboard engines and other marine gasoline engines, snow blowers and non-self-propelled compactors, and unspecified gasoline engines saw year-on-year growth in total trade value. Meanwhile, non-road spark-ignition generator sets and non-electric portable chainsaws experienced declines .

Key Product Performance in 2024 (Jan-Oct)

Motorized Lawn Mowers for Parks/Sports Grounds

Total trade value : $1.511 billion (up 48.1% YoY)

Exports : $1.506 billion (up 48.5% YoY)

Major export markets: U.S., Germany, U.K., Netherlands (significant growth)

Marine Outboard Engines & Other Marine Gasoline Engines

Total trade value : $400 million (up 10.6% YoY)

Exports : $230 million (up 1.9% YoY)

Imports : $170 million (up 25.4% YoY)

Snow Blowers & Non-Self-Propelled Compactors

Total trade value : $360 million (up 16.4% YoY)

Exports : $353 million (up 15.6% YoY)

Imports : $6 million (up 98.4% YoY)

Strong demand from Russia, Germany, Poland

Unspecified Gasoline Engines

Total trade value : $960 million (up 2.9% YoY)

Exports : $820 million (up 10.8% YoY)

Imports : $130 million (down 28.7% YoY)

Export growth to Vietnam, Indonesia, Russia ; decline to the U.S.

Major import sources : Japan (forklift engines), U.S. (vertical output shaft engines), Canada, Thailand

Declining Sectors

Non-Road Spark-Ignition Generator Sets & Non-Electric Portable Chainsaws

Total trade value : $1.42 billion (down 20.7% YoY)

Export decline driven by reduced demand from the U.S. and Nigeria

93% of imports sourced from Austria and Germany

Yu Dongke noted that while some segments showed strong growth , others faced market-specific challenges , but overall, China’s small power equipment exports remain on a steady upward trajectory .