Global demand for machine tool tools declined in the first half of the year

Abstract Introduction: It is understood that the policy of promoting income distribution reform in consumption is very slow to stimulate consumption. It is difficult to see the effect in the short term. Consumption will be the stabilizer of the economy, but it is difficult to stimulate the economy to recover significantly. According to statistics, in 2013, manufacturing exports are expected to be better than 20...
It is understood that the policy of promoting income distribution reform in consumption is very slow to stimulate consumption. It is difficult to see the effect in the short term. Consumption will be the stabilizer of the economy, but it is difficult to drive the economy to recover significantly.

According to statistics, in 2013, manufacturing exports are expected to be better than in 2012, but it is difficult to return to high-speed growth. In particular, China's foreign trade will enter a difficult adjustment period, and stable growth at low speed will be a long-term trend.

The capital market in overseas markets continued to fall, investors' investment confidence and enthusiasm were severely hit, and funds were continuously drawn from the market. Affected by this, Chinese companies have also suffered heavy losses in overseas listings. Only 24 companies listed in four overseas markets, with a total financing of 2.981 billion US dollars, showing a large decline year-on-year and month-on-month.

From January to May 2013, the largest export market for machine tools in Taiwan remained in mainland China and Hong Kong. The export value in January-May was 478 million US dollars, down 18% year-on-year, but the proportion still exceeded 33%. The second largest exporter is the United States, with a proportion of 11.9% and an amount of US$168 million, down 18.3%. The third largest exporter is Thailand, with a value of US$103 million, a decrease of 3.8% and a proportion of 7.3%.

From January to May 2013, Taiwan's machine tool exports fell 18.3% year-on-year, and exports amounted to 1.416 billion US dollars. Among them, machine tool exports increased slightly in May, with exports reaching US$320 million, an increase of 1.1% from the previous month, and exports gradually stabilized. Statistics show that the top ten countries in Taiwan's machine tool exports are ranked in China (including Hong Kong), the United States, Thailand, Turkey, Indonesia, South Korea, Germany, Malaysia, India, and the Netherlands.

In the first half of the year, orders from eight major machine tool manufacturers in Japan totaled 219.43 billion yen, a year-on-year decrease of 17.1%. The eight machine tool manufacturers are Mori Seiki Co., Ltd., Otsuka (OKUMA), Makino Manufacturing Co., Osaka Machine OKK, Toshiba Machine, Tsugami Jettage, Toyota Machin and Mitsubishi Heavy Industries. The slowdown in China's economy, the decline in smartphones and the need for flood recovery in Thailand are the main reasons for the decline in orders.

The Japan Machine Tool Industry Association announced on July 9 that the amount of machine tool orders (quickly reported) in Japan was 95.179 billion yen in June this year, down 12.4% year-on-year, showing a year-on-year decline for 14 consecutive months. Among them, orders for machine tools in Japan were 32.071 billion yen, down 7.9% year-on-year; orders for overseas machine tools were 63.108 billion yen, down 14.5% year-on-year. Among the eight machine tool manufacturers that accounted for 40% of the machine tool order, the orders of the seven manufacturers except Mori Seiki all showed a downward trend.

According to the survey, in the first half of 2013, the output of China's metal cutting machine tools was 360,000 units, down 12.4% year-on-year. It is estimated that the output of China's metal cutting machine tools in 2013 will be less than 700,000 units, about 100,000 units less than the 2012 output. Statistics show that in June 2013, the output of China's metal cutting machine tools was 67,000 units, down 6.9% year-on-year.

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