The metalworking machine tool industry has generally gone out of recession

According to the data of the GARDNER international statistical data exchange system participated by the China Machine Tool Industry Association, the Marketing Department of the Machine Tool Industry Association introduced the world's metalworking machine tools from four aspects: overall, trend, import and export, and consumption.

I. Overview
The global metalworking machine tool industry has generally gone out of recession. In 2010, the world's 28 major machine tool producing countries and regions produced US$66.3 billion, an increase of 21% from the 2009 value of US$54.7 billion. China's output value fell by a third in 2008 compared to 2008. China continues to play a leading role. China has become the world's largest machine tool consumer and importer for many years. Since 2009, it has become the world's largest producer. In 2010, China's machine tool production grew rapidly, accounting for 31% of global output. Due to strong domestic demand, the Chinese machine tool market is mainly domestic and exports are relatively small.

The Japanese machine tool industry rebounded after a heavy 59% decline in 2009, returning to the position of the second largest producer of machine tools. Germany's financial crisis in 2009 was not as severe as Japan's. In 2010, its output value continued to fall by 10%, ranking third. US machine tool output is still seriously declining and has fallen to eighth place, behind Italy, South Korea, Taiwan and Switzerland. Due to the large increase in production and imports, China's machine tool consumption continued to expand, reaching 28.48 billion US dollars, becoming the world's largest machine tool consumer. In terms of the amount, nearly five of the ten machines in the world are in China. The second and third place are Germany's $5 billion and the US's $2.7 billion.

Second, the world's machine tool production began to rebound
In the past two years, the world's machine tool production has grown by sawing. In 2009, the output value of machine tools in 28 major machine tool producing countries and regions fell by 32%. As the economy of major machine tool producing countries and regions is recovering, the delivery value of machine tools in 2010 reached US$66.3 billion, an increase of 21% compared with US$54.7 billion in 2009. In some countries, the fluctuations are quite large. For example, in Japan, the decline in 2009 was very serious, but in 2010 it rebounded by 69%, regaining the second place in the world in the value of metal processing machine tools.

Orders in Germany have also rebounded in 2010, but mainly due to long lead times for special machine tools and large-scale high-end complete sets of equipment, which may be delayed until 2011. Due to the supply of matching parts and the shortage of labor, the output value of German machine tools has also decreased by 10%. It is expected that the German rebound will be relatively lagging behind. The situation in Italy and Switzerland is basically the same.

In the global machine tool manufacturing industry, the most amazing is China, she once again became the largest machine tool producer.

In 2010, China's machine tool output value was 20.9 billion US dollars, up 35% year-on-year, accounting for 31% of the world's 28 major machine tool producing countries and regions with a total output value of 66.3 billion US dollars.

China's manufacturing industry began to grow rapidly more than a decade ago, stimulating a large demand for production equipment. Since 2002, China has become the world's largest consumer of machine tools and has remained so far. China's machine tools are heavily imported. During the period 2002-2005, imported machine tools accounted for an average of 62% of China's machine tool consumption. During the period of 2006-2010, China's domestic machine tool enterprises and some foreign machine tool companies gradually expanded their market share. In 2010, imported machine tools accounted for 33% of consumption.
Third, import and export
China's machine tool exports increased by 31% to reach 1.85 billion US dollars, ranking sixth in the world. However, China's machine tool exports account for only 9% of the output value, far lower than other major machine tool producing countries and regions in the world. One reason is that domestic orders are full, and another reason may be that China's efforts and channels in developing the international machine tool market are not enough.

After Japan’s export rankings in 2009, Germany’s exports fell sharply by 86% due to a slight decline in exports in 2010, causing Japan to once again become the world’s largest machine tool exporter. The US market is relatively open, and machine tool imports account for 77% of consumption. In 2010, despite a slight decline in imports, it still ranks as the world's second largest machine tool importer after China. Later, it will be Germany, South Korea, and India. US machine tool exports grew by 12%, with a trade deficit of $726 million, a decrease from the 2009 deficit. In 2009, the deficit was as high as $1 billion. Fourth, consumption
Ten years ago, the United States was the world's largest machine tool consumer, far higher than the second Germany. Since then, US machine tool consumption has been declining year by year. In 2010, consumption was 2.75 billion US dollars, down 15% year-on-year. From the third place in the global machine tool consumption in 2009, it fell to sixth place. The consumption is only two-fifths of the highest year of $6.77 billion in 2000.

Judging from the consumption of machine tools, China has not experienced a recession as the largest machine tool producer, importer and consumer. In 2010, China's machine tool consumption increased by 43% year-on-year, reaching an unbelievable $28.48 billion. As a result, China's machine tool consumption accounts for 48% of the world's 28 major machine tool producing countries and regions.  

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