China is currently the world's largest power tool producer and exporter in 2013, power tools industry-wide income of about 60 billion yuan, of which more than 60% of exports. 2007 China's power tool industry boom is high, the machine exports amounted to 192 million units, and since the outbreak of the global financial crisis in 2008, the minimum export volume dropped to 160 million units; but in 2013 the machine exports reached 201 million units (An increase of 5.24%), exports amounted to $ 6,207,000,000 (an increase of 9.24%), a record high.
Especially in the fourth quarter of 2013, electrical tools to increase export growth more obvious: the fourth quarter of 13 power tool machine export growth rate reached 18.52%, power tool parts exports growth rate of 103.94%, quarterly improvement trend is more obvious. We expect export growth to be better than 13 years in 14 years as the overseas economy recovers and the unilateral appreciation of the renminbi is over. As far as our communication with the industry, the above conclusions are also verified.
China's power tools are the main export markets in North America and Europe, including the United States and Germany as the first and second largest market, accounting for exports of 30.84%, 6.68%. 13 years of export growth in Europe reached 9.47%, the highest growth rate for the past 5 years, the European market will accelerate growth in 14 years. 13 years of US GDP growth rate of about 1.9%, while China's power tool industry for its exports increased by more than 7%, 14 years ago, the US GDP growth rate of about 3%, 14 years, the United States is expected to power tools demand will An increase of more than 10%. Industry experts estimate that in 2014 China's power tool industry export growth will reach more than 10%, higher than the 13-year growth rate of 1 times, exports accounted for a larger proportion of the enterprise ushered in good development opportunities.