The harvesting machinery market will fall slightly and the demand peak will move back

The harvesting machinery market in China experienced a crazy upsurge last year and it also fell slightly after entering this year. As of the end of February, 31 of the 73 harvesting machine manufacturers in China had cumulatively produced and sold 58,200 sets of various harvesting machines, including 16,600 combined harvesters, down 5.75% and 10.24% respectively year-on-year.

From the same month of the previous year, in January and February of this year, 27,300 sets of various types of harvesting machines and 34,500 sets of harvesting machines were produced and sold, with the monthly growth of 7.71% and -16.4% respectively. Among them, 7,002 sets and 10,748 sets were respectively produced and sold in the combined harvesters in January and February, and the monthly figures were -0.31% and -17.36% respectively.

One reason is that on the one hand, China's subsidies for agricultural machinery are nearly a month later than last year. It was only in March that it kicked off in some provinces, which caused the peak of market demand to move backwards. On the other hand, it was the harvest market of our country and the market of tractors. Different times, harvesting machinery market began to enter the busy season before the wheat harvest in April, about a month later than the tractor, and after China's harvesting machinery soared last year, this year's market as a whole just need to be inadequate. However, with the full spread of subsidies for agricultural machinery in various regions, the peak season is just around the corner. Coupled with this year's re-subsidy of the wheat harvester will also further stimulate demand.