The China Machine Tool Industry Association (hereinafter referred to as the Association) analyzed the industry based on the data of the first three quarters. The analysis report pointed out that in the first three quarters, the machine tool industry actively overcame the impact of many unfavorable factors such as the epidemic, and the economic operation showed a gradual recovery.
Metal Bandsaw Machine Operating Income Rise
According to data from the association, from January to September 2022, the operating income of key contact enterprises of the China Machine Tool Industry Association increased by 1.2% year-on-year. Among them, the metal cutting machine tool sub-industry decreased by 5.9% year-on-year, the metal forming machine tool sub-industry increased by 25.9% year-on-year, the measuring tool sub-industry decreased by 1.9% year-on-year, and the abrasive abrasives sub-industry increased by 16.2% year-on-year.
From a monthly perspective, in July, August, and September, the monthly operating income of key contact companies decreased by 2.5%, increased by 7.0%, and increased by 8.3% year-on-year respectively.
The total profit kept growing. From January to September, the total profit of key contact enterprises increased by 30.0% year-on-year. Among them, the metal cutting machine tool sub-industry increased by 37.1% year-on-year, the metal forming machine tool sub-industry increased by 42.7% year-on-year, the tool and measuring tool sub-industry decreased by 12.0% year-on-year, and the abrasive abrasives sub-industry increased by 155.8% year-on-year. The total profit of the industry as a whole keeps growing, but the profit level is still low.
The output of machine tools decreased, and the inventory increased significantly. According to the data released by the National Bureau of Statistics, from January to September 2022, the output of metal cutting machine tools of designated enterprises was 416,000 units, a year-on-year decrease of 11.1%; the output of metal forming machine tools was 152,000 units, a year-on-year decrease of 13.1%.
According to China Customs data, the total import and export volume of the machine tool industry from January to September 2022 was 25.28 billion US dollars, a year-on-year increase of 4.3%. Among them, the total import value was 9.49 billion US dollars, a year-on-year decrease of 9.6%; the total export value was 15.79 billion US dollars, a year-on-year increase of 15.0%. Imports have declined, while exports have maintained double-digit growth.
In terms of exports, the trend of substantial growth is still maintained. Among them, the export value of metal processing machine tools was 4.58 billion US dollars, a year-on-year increase of 21.0%.
Overall, the epidemic had a severe impact on the industry in the first three quarters, and operating income resumed growth after August. Driven by the good start of the national economy in early 2022, the machine tool industry achieved double-digit growth in January and February. Beginning in late March, the outbreak of the epidemic in Shanghai, Beijing and other places has generally severely impacted the production and operation of enterprises in the machine tool industry, resulting in a sharp decline in the monthly operating income indicators of key contact companies in April and May, and monthly indicators in June and July. The rate of decline gradually narrowed, but the cumulative growth rate turned into a decline. Since August, the monthly and cumulative growth rates of operating income have all resumed growth. However, the output of machine tools and new orders for machine tools are still in a year-on-year decline.
High-end CNC Lathe Machine Tools Continue to Increase
It is understood that at this stage, the number of domestic enterprises engaged in high-end machine tool business and the production and sales volume are still quite different from those in developed countries, and high-end CNC systems and key functional components are still mainly imported. The localization rate of domestic high-end machine tools is less than 10%, and there is huge room for import substitution.
ANTISHICNC said in a recent survey that with the continuous improvement of the company’s comprehensive competitiveness in technology, quality, and service, it can compete with foreign giants and gradually realize import substitution in the mid-to-high-end CNC system market. With the implementation of the national high-quality development strategy, the transformation and upgrading of the manufacturing industry, and the need to upgrade and upgrade the industrial machine itself, there will be a greater demand for mid-to-high-end CNC systems in the future, which will be the company’s future development opportunities.
Machine tools Remain Flat or Grow Slightly This Year
From a macro perspective, since the beginning of this year, due to the complex evolution of the international situation and the impact of domestic epidemics and other unexpected factors, the downward pressure on my country’s economy has increased, but the national economy has continued to recover since the end of the second quarter.
The association predicts that the current machine tool industry is still facing problems such as weak market demand and investment, the impact of the epidemic, and unstable supply chains, and the next stage of operating pressure will still be relatively high. Judging from all aspects of the situation, the machine tool industry will continue to recover in the fourth quarter, and the year is expected to be the same as the previous year or slightly increase, but metal cutting machine tools are expected to be lower than the overall operating level of the industry.
At the same time, it can be seen that since the second half of 2022, policies to support mother machines have been introduced more and more frequently.
On September 27, ISO23218-2, the first China-led series of international standards for machine tool CNC systems, was officially released, indicating that the achievements of the “High-end CNC System Technical Standard System” established by my country with the support of the 04 special project have been internationally recognized and can help domestic CNC systems Promotion of enterprise products.
On November 21, the three departments jointly issued a document requiring the improvement of the independent design and system integration capabilities of major technical equipment including high-end CNC machine tools. Since the beginning of this year, with the upgrading of processing demand in downstream fields, sales and orders of high-end CNC machine tools represented by five-axis machining centers have begun to increase.