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Market Research Report

China Agricultural Machinery Industry Report, 2007-2008

Published by ResearchInChina Contact us : +1-860-674-8796
Published 2008/06 Content info 53 Pages
Product code RINC78001
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Description TOC

Abstract

RR In 2007, China' s development of agricultural mechanization entered the intermediate stage from the initial stage, indicating that China' s agricultural mechanization has entered a new historical phase. By the end of 2007, China' s integrated mechanization level of plowing, seeding and harvesting has reached 41%, demonstrating that China has moved into a new era of developing modern agriculture through increasing agricultural machinery and reducing labor force.

In 2007, China' s total area plowed, sown and harvested by machines reached 2.43 billion mu (Chinese unit of area, 1 mu = 0.165 acre). China' s agricultural mechanization level had a big jump and its integrated agricultural production capability had a significant improvement in the past year. Among the three major grain crops: wheat, paddy and corn, more than 81% of wheat was sown and harvested by machine averagely, showing a full production mechanization achieved basically; 11.2% of paddy was sown and 44.1% of paddy was harvested by machine respectively; and 58% of corn was sown and 6.8% of corn was harvested by machine respectively.

In 2007, China had a continuous and stable growth in import and export of agricultural machinery. According to the statistics from the General Administration of Customs, China' s import and export value of agricultural machinery, including internal-combustion engine and irrigation & drainage machinery, was US$19.01 billion, up 39.37% year-on-year, with a trade surplus of US$1.439 billion posted in the year. It is forecasted that in 2008, China will continue to maintain a momentum of stable growth in import and export of agricultural machinery.

In 2008, China agricultural machinery industry will keep the trends of a sustained, steady, fast and harmonious development and its total output value will increase by 10%-15% year on year to CNY165-170 billion. The output of large- and medium-sized tractors will reach 200,000-220,000 units and that of combine harvesters will amount to 70,000-80,000 units.

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