World Machine Tool Market Warmer in First Half of 2010

In the first half of 2010, not only did the domestic machine tool market experience “blowout”, but the global machine tool market also performed well.

In June, Japan's machine tool orders increased by 197.5% year-on-year, and maintained growth in July

According to the latest data released by the Japan Machine Tool Industry Association (JMTBA) on August 17, the value of Japan's machine tool orders reached 84.089 billion yen in July this year, an increase of 144.8% compared with the same period of last year.

There are two main reasons for this: In July 2009, Japan's machine tool orders had experienced a rare and significant decline in history, so the lower base of comparison caused a rapid increase in orders in July 2010. In addition, export-centric overseas demand has continued to recover, which has also boosted the increase in orders.

According to statistics, in July this year, Japan’s domestic machine tool orders increased by 101.7% year-on-year to 29.097 billion yen, but it was down by 0.5% from the previous month; it was for overseas markets centered on emerging market countries. The increase in machine tool orders was as high as 176.1%, totaling 54.92 billion yen.

Look again at the data for the first 6 months. In June this year, Japan's machine tool orders amounted to 83.493 billion yen, a slight increase of 3.6% from 80.426 billion yen in the previous month, and the total amount of orders increased by 138.8% from June 2009. From January to June 2010, accumulated machine tool orders amounted to 440.674 billion yen, an increase of up to 197.5% year-on-year.

From the demand point of view, in June 2010, Japan's domestic machine tool orders amounted to 29.157 billion yen, an increase of 1.7% from the previous period and a year-on-year increase of 101.7%. From January to June, domestic accumulated orders were 134.61 billion yen, an increase of 109.7% year-on-year. In June, overseas machine tool orders amounted to 54.336 billion yen, an increase of 4.6% from the previous quarter and a year-on-year increase of 164.9%. From January to June, overseas orders accumulated to 306.06 billion yen, a year-on-year increase of 264.7%.

From the demand, we can see that the growth rate of Japanese machine tool overseas orders is much higher than that of the domestic market. The rapid recovery momentum of its machine tool industry is outstanding in the global machine tool market.

From January to July, the output value of Korean machine tools increased by 62.38% over the same period of last year

According to the latest statistics published by the Korea Machine Tool Industry Association (KOMMA), from January to July 2010, South Korea's cumulative production of machine tools totaled 1.252265 trillion won (approximately 8.707 billion yuan), an increase of 62.38% over the same period last year. In July, the output value of Korean machine tools was 249.738 billion won (approximately 1.428 billion yuan), a year-on-year increase of 1.57% and a year-on-year increase of 113.04%.

From January to July this year, South Korea's cumulative new machine tool orders reached 2013.24 billion won (about 11.509 billion yuan), an increase of 115.33%. In the month of July, South Korea’s new machine tool orders totaled 244.715 billion won (approximately 1.399 billion yuan), a decrease of 18.35% from the previous quarter and a year-on-year increase of 103.18%. KOMMA said that in the last two months, new orders for machine tools in South Korea have significantly declined, and may show highs and lows in the whole year.

This trend is consistent with the performance of the domestic machine tool market.

In terms of imports, from January to July 2010, South Korea's cumulative value of imported machine tools was US$757 million, a year-on-year increase of 25.54%. In July, South Korea imported machine tools worth 125 million U.S. dollars, an increase of 6.18% from the previous quarter and an increase of 17.92% year-on-year.

In terms of exports, from January to July this year, South Korea exported machine tools totaling US$893 million, a year-on-year increase of 30.94%. Among them, in July, exports of machine tools 169 million US dollars, an increase of 5.71%, an increase of 92.05%.

KOMMA also stated that China is South Korea's largest machine tool export market, and South Korea's machine tool manufacturers plan to develop products suitable for the needs of Chinese users, thereby expanding the market share in China.

German machine tool orders increased by 62% in June 2010

Recently, the data released by the German Machinery and Equipment Manufacturers Confederation (VDMA) pointed out that in June 2010, orders from the German machine tool sector continued to rebound from last year's low, and new orders for the machine tool industry increased by 62% compared to the same period last year. This is the continuous growth of orders after a consecutive 15-month decline.

Among them, domestic orders in Germany in June 2010 increased by 67% year-on-year, and overseas orders increased by 60% year-on-year in the same period. Orders from other euro area countries increased by 27% over the same period of last year.

In the second quarter of 2010, German machine tool orders increased by 52% compared to the same period of last year. The second quarter was a three-month period with relatively small fluctuations in data. Among them, local orders increased by 51% and overseas orders increased by 54%. Orders from other euro area countries increased by 30% year-on-year.

In the first half of 2010, the total number of German machine tool orders increased by 32% year-on-year, of which overseas orders increased by 34% and domestic orders increased by 27%. Orders from other countries in the euro area increased by 17%.

The data shows that in the first half of the year, the order of the German machine tool industry continued to rise. This is in contrast to the decline in the domestic machine tool industry in May and June.