Japan, South Korea's machine tool industry in the first three quarters of 2010

In the past two months, new orders for Korean machine tools have retreated significantly. According to the latest statistics provided by the Korean Machine Tool Manufacturers Association (KOMMA), from January to September 2010, South Korea’s cumulative total of new machine tool orders reached 2,540,112 million won, which is higher than the same period in 2009. 127.858 billion won increased by 99.1%. Among them, in September 2010, South Korea's new machine tool orders were 253.83 billion won, a decrease of 7.04% from 273.402 billion won for the previous month, but an increase of 24.21% compared to 204.252 billion won in September 2009.
In the past two months, new orders for machine tools in Korea have declined significantly. As the global economy recovers and the number of uncertainties increases, the machine tool industry may find it difficult to maintain its rapid growth in the first half of the year. The trend of the year may be high and low.
From January to September, South Korea's cumulative production of machine tools worth 1987.12 billion won, an increase of 64.77% over the same period in the same period in 2009 1.205.84 billion won. In September 2010, the output value of Korean machine tools was 247.613 billion won, an increase of 14.19% from 216.844 billion won for the previous month, and an increase of 51.95% from 162.956 billion won in September 2009.
In terms of import and export trade, from January to September, South Korea's cumulative value of imported machine tools was 1.01 billion U.S. dollars, an increase of 28.34% over the same period last year of 787 million U.S. dollars. Among them, in September 2010, South Korea imported machine tools for 124 million U.S. dollars, a decrease of 4.26% from the previous month's 129 million U.S. dollars, and an increase of 25.06% from the 98.97 million U.S. dollars in September 2009. From January to September, South Korea exported 1.165 billion U.S. dollars worth of machine tools, an increase of 36.08% over the 856 million U.S. dollars of the same period last year. Among them, in September 2010, South Korea exported machine tools to US$140 million, an increase of 6.34% from the previous month’s US$132 million, but a decrease of 13.78% from the US$163 million in September last year. Due to the recent economic recovery in Europe and the United States, the export of Korean machine tools has not yet fully recovered. In particular, the export volume has dropped significantly in the past two months. The recovery of exports has been slower than the recovery of domestic demand.
At present, China is South Korea's largest machine tool export market. South Korea's machine tool manufacturers plan to develop products suitable for Chinese users' needs, thereby expanding their market share in China. From January 2009 to August 2010, the data on the monthly export volume of South Korea's exports of metal processing machine tools to China shows that: In July 2009, South Korea's exports to China's metal processing machine tools gradually fell to the lowest point, and then showed fluctuations. Sex rises, and the volume of imports in August all rebounded.
Japanese machine tool orders achieved rapid growth year-on-year for 10 consecutive months. On October 21, the Japan Machine Tool Industry Association (JMTBA) announced accurate statistics for machine tool orders for its member units in September 2010. The data show that in September 2010, the total amount of Japanese machine tool orders was 92.011 billion yen, which was 7.2% higher than the previous month's 85.851 billion yen, which was a substantial increase of 113.6% compared with September 2009. The Japanese machine tool orders were realized for 10 consecutive months. The year-on-year data grew rapidly. Among them, the number of orders for CNC machine tools was 82.262 billion yen, which was the same month-on-month, which was a year-on-year increase of 98%. The orders for CNC machine tools accounted for 89.4% of the total orders. In the first three quarters of January-September, the total volume of Japanese machine tool orders totaled 702.907 billion yen, an increase of 173.2% over the same period in 2009.
In September, Japanese machine tool sales were 99.945 billion yen, a 37.1% increase from the previous quarter and an increase of 80.6% year-on-year; of these, sales of CNC machine tools were 96.202 billion yen, an increase of 80.1% year-on-year. From January to September, Japan’s accumulated sales of machine tools totaled 612.88 billion yen, an increase of 30.1% year-on-year.
In September, Japan’s domestic orders amounted to 27.717 billion yen, a 5.3% decrease from the previous quarter and an increase of 38.7% year-on-year. In the same period, overseas orders amounted to 64.894 billion yen, a year-on-year increase of 13.4% and a year-on-year increase of 175.9%. The data shows that the recovery rate of Japanese overseas machine tool orders has decreased in recent months, but it is still higher than the growth of domestic orders. From January to September, Japan's domestic orders totaled 219.968 billion yen, an increase of 98% year-on-year; overseas orders accumulated to 483.209 billion yen, an increase of 230.2% year-on-year.
1. From the perspective of internal demand sub-sectors in terms of domestic user demand in Japan, the total amount of orders for the machinery manufacturing industry, which accounted for 83.6% of total domestic orders in September 2010, was 22,667 million yen, a decrease of 10% from the previous quarter and an increase of 37.6% from the same period last year. Among them, the order amount of the largest general machinery manufacturing industry was 11.546 billion yen, a decrease of 11.7% from the previous quarter and an increase of 21.9% from the same period last year. Another major machine tool user - the auto industry's orders amounted to 6.408 billion yen, a decrease of 16% from the previous quarter and a year-on-year increase of 76.4%. In September 2010, orders for electrical and precision machinery were 3.624 billion yen, a decrease of 7.3% from the previous quarter and a year-on-year increase of 93.1%. The amount of orders for transportation machinery such as aircrafts and ships was 1,089 million yen, an increase of 90.4% from the previous quarter and a decrease of 27.2% year-on-year.
In the first three quarters, Japan's machinery manufacturing industry accumulated a total amount of 191.605 billion yen, an increase of 100.4% year-on-year. Among them, the general machinery manufacturing orders were 89.864 billion yen, an increase of 78%, and the auto industry orders were 63.998 billion yen, an increase of 179.2%.
In addition, the amount of orders from the metal products industry in September 2010 was 13.01 yen, a year-on-year increase of 16%, and a year-on-year increase of 64.5%. Non-ferrous metal industry orders amounted to 514 million yen, an increase of 118.7% from the previous quarter and a decrease of 48.3% year-on-year. Other manufacturing orders amounted to 1.57 billion yen, an increase of 64.1% from the previous quarter and a year-on-year increase of 183.9%.
2. From the perspective of external demand countries and regions, in terms of overseas demand for machine tools in Japan in 2010, rankings based on order demand are: China continues to rank first with orders of 25.768 billion yen, and the order volume increased by 17.1% from the previous period. An increase of 201.3% year-on-year, accounting for 39.7% of Japan's total overseas orders; the United States was second with 14.801 billion yuan, an increase of 401% from the previous quarter, and a significant increase of 263.8% year-on-year, accounting for 22.8% of the total overseas orders; and Germany's 3.95 billion days. Yuanyue ranked third, a 37% sequential increase, and a year-on-year increase of 259.7%; South Korea dropped to the fourth position with 3.11 billion yen, a 34.9% decrease from the previous quarter and an increase of 147.4% year-on-year. Thailand ranks fifth with 2.596 billion yen, a decrease of 13.6% from the previous month and an increase of 225.7% year-on-year. Three of the top five markets for this month were from Asia, with orders totaling 31.474 billion yen, accounting for 48.5% of total overseas demand. In addition, demand for orders in the EU was 8.126 billion yen, a 38.2% increase from the previous quarter and a year-on-year increase of 159.9%.
From January to September, orders were ranked among the top three countries. Total orders for machine tools from China were 181.372 billion yen, an increase of 316.7% year-on-year; orders from the United States totaled 90.709 billion yen, a year-on-year increase of 135.6%; The total amount of orders for the company was 34.244 billion yen, a year-on-year increase of 323.5%.
Asia is the continent with the largest demand for Japanese machine tools. From January to September, orders from countries led by China totaled 3023.54 yen, a year-on-year increase of 328.4%; followed by North America, the order for the first nine months was 1004.08. Billion Yen, a year-on-year increase of 147.5%, the third is Europe, orders amounted to 7 billion yen, an increase of 130.7%.