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China's logistics status quo
Demand for logistics is growing well, supporting stable economic recovery
In 2021, the scale of demand for logistics reached a new record high, and the growth rate of total social logistics recovered to the average level of normal years. The annual total social logistics amounted to 335.2 trillion yuan, which is 1.5 times as much as that in the early stage of the "13th Five-Year Plan". Calculated on the basis of comparable prices, the year-on-year growth rate of 9.2%, an average annual growth rate of 6.2% over the two years.
Total social logistics and GDP comparison, with the epidemic before 2018, 2019, different, since 2020 total social logistics growth rate continued to be higher than the GDP growth, logistics demand coefficient continued to improve, showing that in the case of the epidemic pressure continues to exist, production, exports, consumption and other physical logistics recovery to maintain good momentum, the real economy is the main support for the recovery of logistics demand. .
Industrial upgrading driven industrial logistics growth
From the structure of the total amount of social logistics, the structure of logistics demand with the economic structural adjustment, industrial upgrading synchronized changes. Industrial logistics overall steady progress, international imports of logistics downward pressure, people's livelihood and consumer logistics to maintain steady growth. Industrial upgrading brought about by high-tech manufacturing logistics demand development trend is favorable, leading to enhance the role of driving.
In 2021, total industrial logistics grew 9.6% year-on-year, a growth rate of 6.8 percentage points faster than in 2020. Among them, the manufacturing industry in the export-related and high-tech manufacturing industry logistics demand development is better, the annual equipment manufacturing industry, high-tech manufacturing industry logistics demand growth of 12.9% over the previous year, 18.2%, the growth rate is higher than the average level of all industry 3.3, 8.6 percentage points, is the main driving force of industrial logistics recovery.
Import logistics downward pressure tends to rise, the steady growth of imports of high-tech products, in 2021, the flow of imported goods from 8.9% growth in 2020 to a decline of 1.0%; consumer logistics to maintain the restorative growth of the new mode of new forms of rapid growth. 2021, the total amount of unit and residential goods logistics increased by 10.2% year-on-year for many months to maintain more than 10%.
Logistics market vitality further enhanced
In 2021, the construction of the logistics system has been steadily advancing, adapting to the changes in the market demand for logistics, logistics supply services to maintain rapid growth, supporting the industrial chain, supply chain resilience enhancement. The annual total revenue of the logistics industry 11.9 trillion yuan, an increase of 15.1%.
The annual logistics boom index averaged 53.4% in 2021, an increase of 1.7 percentage points from 2020. The business volume and order index of logistics enterprises are located in the higher boom level, and the overall level has been improved, and the vitality of the main body of logistics has been further stimulated. From the trend of the year, the boom index averaged 53% in the first quarter, realizing a good start, the second quarter rebounded to a high of 55.9%, the second half of the index appeared some fluctuations, the third quarter fell back to 51.3%, the fourth quarter stabilized to 53.2%, the resilience of the logistics industry to improve, to achieve a good start.
Overall, in 2021, China's logistics showed a solid recovery trend, the real economy continues to recover steadily pulling the rapid growth of logistics demand, logistics supply and service system to further improve the supply chain resilience to enhance the quality of the macro-economy to enhance efficiency and reduce costs, logistics to achieve a "14th Five-Year Plan" a good start.
-- The above data refer to China Logistics Industry Market Outlook and Investment Strategy Planning Analysis Report
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