www.shcri.com - In 2008, Chinese machine tool industry went through the challenge and ordeal from the snow disaster, raw material price increase, Wenchuan earthquake and the global financial crisis. As a result, the growth of Chinese machine tool industry slowed down. In 2008, the production of Chinese metal cutting machine tool totaled 617,200, falling by 2.4% YOY; among that, the total production of Chinese Numerical Control (NC) machine tool was 122,200, dropping by 3.3% YOY. Meanwhile, the proportion of the Numerical Control (NC) machine tool in the metal cutting machine tool experienced some change. In recent years, the proportion maintained growth year by year. However, from January to November of 2008, it decreased from 20% in the same period of last year to 19.8% with a decline rate of 0.2%.
In 2008, the demand for machine tools in Chinese automobile, shipbuilding and power generation industries slowed down. Influenced by the foreign order decline, Chinese coastal export-oriented processing enterprises reduced the purchase intention of machine tools, resulting in the production decrease of machine tools. At the same time, affected by the VAT Transformation that will be launched in 2009, some subscribers postponed their purchase plan, resulting in the purchase demand decrease of machine tools from another aspect. In 2008, the economic oscillation and the tight monetary policy caused many subscribers to cut down their investment plan to guarantee the necessary cash flow. Statistics indicate that, in 2008H2, the demand in Chinese machine tool market slowed down and the order backlog quantity of machine tool enterprises declined.
Under the environment of the global machine tool market depression, Chinese machine tool export keeps an upstanding growth trend. From January to November of 2008, the export volume of metal working machine tools came up to 5.8791 million. The total export value was USD 1.937 billion, rising by 30.15 % YOY. Among that, the export value of Numerical Control (NC) machine tools totaled RMB 640 million, rising by 44.4% YOY.
In 2009, with a succession of policies and investment plans launched by Chinese central government to stimulate the domestic demand, Chinese machine tool industry begins to recover. In 2009H1, the scale of Chinese machine tool manufacturing industry was constantly enlarged. All the enterprise quantity, sales and industry assets increased compared with those in the same period of the last year while the growth rates were low. In the previous five months of 2009, the product sales revenue of Chinese machine tool industry totaled RMB 81.009 billion, rising by 7.42% YOY. The growth rate fell by 26.44% YOY. At the end of May 2009, the total assets in Chinese machine tool manufacturing industry were RMB 197.808 billion, growing by 14.82% YOY. The growth rate fell by 10.44% YOY. The quantity of enterprises was 3,458, increasing by 762 YOY.
From January to May of 2009, the sales value of Chinese machine tool manufacturing industry increased compared with that in 2009Q2 while the growth rate saw obvious decline. From January to May of 2009, the sales value of Chinese machine tool manufacturing industry was RMB 84.030 billion, rising by 9.26% YOY. The growth rate fell by 24.08% YOY.
In 2009H1, there was bad profit performance and total profit reduction in Chinese machine tool manufacturing industry. In the previous five months of 2009, the profit of Chinese machine tool manufacturing industry came up to RMB 3.698 billion, declining by RMB 839 million YOY.
The machine tool is regarded as the mother machine of mechanical products. Accordingly, the machine tool manufacturing industry stands in the fundamental and strategic position in the equipment manufacturing industry. Therefore, the Adjustment and Revitalization Plan of Equipment Manufacture and VAT Transformation issued by the central government in 2009H1 directly infuse impetus to the growth of Chinese machine tool industry. Moreover, the financial funds of Chinese central government also support the major projects of high-end Numerical Control (NC) machine tools and basic manufacturing equipments. Presently, the overall domestic demand has not completely recovered.
The global financial crisis greatly influenced the equipment manufacture of western countries. However, for Chinese equipment manufacture, it is a precious development opportunity. On one hand, it increases the opportunities of Chinese machine tool export. On the other hand, it creates preconditions for the acquisition of foreign machine tool enterprises with fountainhead technologies to realize technology upgrading. This will probably result in the acceleration of industry reorganization, providing a favorable industrial integration opportunity for competitive enterprises.
Through this report, readers can acquire more information:
-Operation of Chinese machine tool industry, 2008-2009
-Monthly production of Chinese metal cutting machine tool, 2008-2009H1
-Monthly production of Chinese Numerical Control (NC) metal cutting machine tool, 2008-2009H1
-Import and export of Chinese machine tool, 2008-2009
-Major policies on Chinese machine tool industry, 2008-2009
-Hot events in Chinese machine tool industry, 2008-2009
-Development tendency of Chinese machine tool industry, 2010-2011
Following persons are recommended to buy this report:
-Machine tool manufacturers
-Machine tool distributors
-Investors concerning Chinese machine tool industry
-Research institutions concerning Chinese machine tool industry
-Others concerning Chinese machine tool industry
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