China Tractor Market Analysis

An Expert's View about Agricultural Trailers in China

Posted on: 15 Dec 2011

China Tractor Market Analysis

According to Zeefer Consulting's latest market research report - China Tractor Market Report and calculated according to Zeefer China Market Size formula, China tractor market size in 2009 exceeded RMB 30 billion, a growth of more than 15% on a year-on-year basis.

In terms of market position of foreign enterprises in China, in 2009, there were 8 foreign enterprises above designated size engaged in the tractor industry, accounting for more than 3% of all tractor enterprises above designated size across China. These enterprises achieved a sales revenue of more than RMB 4 billion in all, accounting for more than 10% of the total sales revenue from all tractor enterprises above designated size across China. Foreign tractor enterprises achieved a profit margin of 0.5%, lower than the industry average, and they achieved a ratio of return on assets of 0.7%, lower than the industry average.

In terms of industry profit, in 2009, enterprises above designated size in tractor industry across China achieved a profit of more than RMB 850 million in all, a growth of more than 70% on a year-on-year basis. In 2009, more than 35 enterprises in this industry suffered a loss. The industry average of the rate of return on assets was higher than 3%, and the rate of return on net assets was higher than 3%.

In terms of tractor import and export, in 2010, the value of imported tractor products in China was more than USD 300 million,  and USA, Sweden and Germany ranked top 3 as Origin of Imported Goods, imports from these top three origins added up to USD 202 million, accounting for more than 60% of the gross imports. In 2010, the gross export of tractor products exceeded USD 1 billion,  and Iran, Algeria and Mongolia ranked top 3 as export destinations. Exports to these destinations added up to USD 433.4 million, accounting for more than 40% of the gross export. Shandong, Hubei and Jiangsu ranked top 3 as domestic origins, exports from these origins added up to USD 619.8 million, accounting for more than 55% of the gross export across China.

Full content of China Tractor Market Analysis:
http://www.allchinareports.com/china-agricultural-machinery-industry/tractor-industry-analysis/china-tractor-market-analysis.html

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The analyses above are extracted from the research report: China Tractor Market Report


Posted: 15 December 2011