Japanese machine tool recovery hopes for the Chinese market
Release time:
2019-12-30
"Japan's macro economy is in a severe situation of rapid deterioration, the machine tool industry has been hit." "China is the world's largest consumer of machine tools, and in the Chinese market, Japan is China's largest supplier," said Inaba, vice president of the Japan Machine Tool Industry Association, during the 11th China International Machine Tool Exhibition."
"Japan's macro economy is in a severe situation of rapid deterioration, the machine tool industry has been hit." "China is the world's largest consumer of machine tools, and in the Chinese market, Japan is China's largest supplier," said Inaba, vice president of the Japan Machine Tool Industry Association, during the 11th China International Machine Tool Exhibition."
The implication is that the Chinese market will be the life-saving straw for the recovery of Japanese machine tools. At the exhibition, the Japanese pavilion has 46 companies, with a total display area of 6300 square meters.
Machine tool is known as the "mother of industry", the quality of mechanical products, update speed, strain capacity, efficiency are to a considerable extent depends on the processing of the product machine. The development data of the machine tool industry can reveal some basic conditions of a country's industry.
Minchen Zhuang Ye, special director of the Japan Machine Tool Industry Association, told reporters that the current Japanese economy was affected by the global financial crisis in the second half of last year, and the major markets in Europe and the United States continued to be sluggish, while the yen has been appreciating, directly impacting the export industry. Therefore, enterprises are curbing investment in equipment, etc., and the trend of production reduction is obvious. As a result, the situation of Japanese domestic enterprises has deteriorated significantly, and there has been an unprecedented decline. In 2008, Japan's economic growth rate was negative 0.6, which was the first negative growth in nine years.
The decline in the economy is directly reflected in the machine tool industry orders. After maintaining high-speed growth in 2006 and 2007 until the first half of 2008, starting from the second half of 2008, the order volume of machine tools received by Japan has taken a sharp turn, and the decline has expanded month by month. By November and December of that year, compared with the same month of the previous year, it is still less than 50%. For the whole year, the total order volume decreased by about 18% compared with the previous year, reaching 1301.1 billion yen, and the growth in the first half of the year was wiped out.
In terms of internal and external demand, the decrease was 22% compared to the previous year due to the decrease in new orders received and the increase in delivery delays and cancellations of orders received. This is the first time since 2002 that there has been a double-digit negative growth in six years, and the decline has exceeded external demand. Among them, except for steel, non-ferrous metals and aviation, shipbuilding, transportation machinery, government and public institutions, all industries were lower than the previous year's level, and the domestic demand ratio also dropped to about 44%, the lowest level ever.
In terms of external demand, major markets in Europe, North America and Asia all experienced demand contraction in the second half of last year, and the overall order volume decreased by about 15% compared with the previous year. Fortunately, the amount of orders accepted was 734.3 billion yen, the second highest level ever recorded in 2007. Among them, orders from China amounted to 129 billion yuan, a decrease of about 19% from the previous year, but accounted for a high proportion of the overall external demand, accounting for about 18% of Japan's important external demand market. At the 2008 Japan International Machine Tool Show (JIMTOF), China's large machine tool manufacturers also officially displayed for the first time, attracting people's attention.
Today, with a depressed macro-economy, the situation in Japan's machine tool industry is even more severe. The amount of orders received in February was about 20.4 billion yen, a decrease of about 84% compared with the same month last year, but an increase of about 7% compared with January, giving people a glimmer of hope. However, whether the cold winter of the machine tool industry stops here? Zhuang Ye Minchen still appears to be more cautious, saying that the release of recent data is pending.
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