There are many factors affecting the price of mini excavator in 2024, here are some of the main factors:

1. Market Demand : Market demand is one of the major factors affecting the price. If industries such as construction, mining and infrastructure development maintain their growth in 2024, then the demand for mini excavators will also increase, which will drive the price up.

2. Raw Material Prices : The manufacturing of mini excavators requires large quantities of raw materials such as metal and steel. If the price of raw materials increases in 2024, then the cost of manufacturing will also increase, which in turn will lead to an increase in the price of mini excavators.

3. Labour cost: Labour cost is one of the important factors affecting the price of manufacturing. If labour costs increase in 2024, then manufacturers may pass on the costs to consumers in order to maintain profit margins, leading to an increase in the price of mini excavators.

4. technological innovation: technological innovation can improve productivity and product quality, thereby reducing manufacturing costs. If in 2024, there are some new technological innovations that can reduce the manufacturing cost of mini excavators, then the price may fall.

5. Competitive landscape: The competitive landscape of the market will also affect the price. If there is intense competition in the mini excavator market in 2024, suppliers may compete with each other for market share to attract customers by lowering prices, which will lead to a decrease in price.

6. Policies and regulations: Government policies and regulations can also have an impact on prices. If in 2024, the government introduces some policies to encourage the purchase of mini excavators, such as providing subsidies or tax incentives, it may stimulate the market demand, which will drive up the price.

7. Changes in exchange rates: Changes in exchange rates can affect the cost of imports and exports. If the domestic currency depreciates in 2024, then the cost of importing mini excavators may rise, which in turn leads to higher prices.

In conclusion, the factors affecting the price of mini excavator in 2024 are manifold, including market demand, raw material prices, labour costs, technological innovation, competitive landscape, policies and regulations, and exchange rate changes. These factors interact with each other and jointly determine the price trend of mini excavator.