China Agricultural Machinery Industry Report, 2007-2008

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 19, 2008 -- 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.

Table of Contents

1. Retrospect of China Agricultural Machinery Industry in 2007
2. China Agricultural Machinery Industry Development
3. Regional Development of China Agricultural Machinery Industry
4. China Key Agricultural Machinery Product Development in 2007
5. Market Demand Forecast of Agricultural Machinery Industry in 2007
6. Operation and Competition Analysis of Leading Companies
7. Investment Opportunities and Risks of Agricultural Machinery Industry

For details of this report, please visit http://www.researchinchina.com/Report/IndustrialMachinery/5415.html.

Contact Information
Helen Wang
Marketing Department
www.researchinchina.com
helen.wang@researchinchina.com

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