Global machine tool market demand review from January to August 2009

Abstract From January to August, under the stimulation of domestic demand policy, the machine tool industry bottomed out, and the monthly production data has narrowed from the lowest point of -34% to -9%, showing a bottoming out trend, in which CNC machine tools perform well. For ordinary machine tools, the growth rate of CNC machine tools in August...

From January to August, under the stimulation of domestic demand policy, the machine tool industry bottomed out. The monthly production data has narrowed from the lowest point of -34% to -9%, showing a bottoming out trend, in which CNC machine tools perform better than For ordinary machine tools, the output growth rate of CNC machine tools in August was -5%, while all machine tools were -9%. As China's machine tool exports account for a relatively small proportion, the bottoming out of the machine tool industry is mainly affected by the domestic demand policy. However, from the perspective of profit indicators, the total profit of the machine tool industry in January-August was still negative.

From the perspective of the downstream industry of the machine tool industry, the automotive industry is the main downstream industry of machine tools. Industry analysis shows that in the first three quarters, driven by relevant policies, China's auto industry has seen a blowout market, especially in August, when auto production has reached a record high. From the perspective of the machine tool industry and the automobile industry, there was a high agreement between January 2007 and January 2009, but this coincidence relationship deviated after February 2009. The analysis believes that this is due to the lag in capacity expansion of the automotive industry, and this divergence cannot be maintained for a long time. In the fourth quarter, as the production of automobiles increases, this divergence will gradually shrink. Due to the low production base of the machine tool industry in the fourth quarter of 2008, the machine tool industry is expected to achieve positive growth in the fourth quarter.

Japan Machine Tool Industry Association (JMTBA) announced on October 8 that the country's machine tool orders in September fell by 61.9% year-on-year, an increase of 36.2% month-on-month to 43.295 billion yen. Among them, domestic orders fell 55.6% year-on-year, up 52.6% month-on-month to 19.517 billion yen, and foreign orders fell 65.8% year-on-year, up 25.1% month-on-month to 23.778 billion yen.

According to the latest statistics released by the Korea Machine Tool Manufacturers Association (KOMA), in August 2009, the production value of Korean machine tools was 104.277 billion won (10,000 won was equivalent to 57.25 yuan), which was 11.42% lower than that in July. It fell by 51.2%; but the new machine tool orders were 136.527 billion won, up 13.35% from July.

It is reported that Korean machine tool orders have declined rapidly since the second half of 2008 and reached its lowest point in January 2009. Since February of this year, South Korea's machine tool orders have begun to pick up slowly, mainly due to the gradual stabilization of the international market, as well as the continuous recovery of large-scale machinery demand such as domestic shipbuilding and wind power generation and the growth of demand in the electrical and electronic industry.

It should be noted that the pick-up of orders is steady and the outlook can be expected. The steady recovery of the various industries in the manufacturing industry further indicates that the real economy has indeed gradually improved.

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