China's agricultural machinery market has two hot products, one is straw baler, the other is corn harvester. From the annual demand and growth point of view, the farm corn combine harvester market can be said to enter the heyday, sales and growth both soared.
Double digit growth for seven consecutive years
Statistics show that China's cumulative sales of various types of farm corn combine harvester 48000 units, a year-on-year increase of 43.67%. This is the corn harvester machinery since the implementation of agricultural subsidies in 2004, with a double-digit growth rate for seven consecutive years. It also marks that the farm corn combine harvester market has gradually developed from "spark" in the past few years to today's "prairie fire".
From the regional demand analysis, farm corn combine harvester demand is highly concentrated. Statistics show that the top 10 provinces and autonomous regions with the highest demand accounted for 93.8% of the total demand, with a year-on-year increase of 39.81%. Among them, Shandong and Henan are still the two largest sales regions of corn harvester market, with corn yield of 71% and 40.7% respectively. Shandong's farm corn combine harvester market sales continued to grow at a moderate rate of 5.14%, while Henan's had a sharp decline of 14.22%; Jiangsu, Jilin, Anhui and other provinces had a sharp rise, with a year-on-year growth of 14 times, 2.8 times and 6.7 times, respectively; Heilongjiang and Shanxi also showed significant growth, and the whole market showed a hot spot rotation situation.