Global demand for machine tool tools declined in the first half of the year
September 05 07:45:12, 2025
**Abstract**
Introduction: It is widely recognized that policies aimed at reforming income distribution to boost consumption have been slow in delivering tangible results. The effects of such measures are not immediately visible, and while consumption can act as a stabilizer for the economy, it may not be sufficient to drive a significant recovery.
According to statistical data, in 2013, manufacturing exports were expected to perform better than in 2012, but they still struggled to return to high-speed growth. China’s foreign trade was entering a challenging adjustment phase, with low-speed but stable growth becoming a long-term trend.
Meanwhile, global capital markets continued to experience declines, which severely impacted investor confidence and enthusiasm. As a result, funds were continuously withdrawn from the market. This situation also affected Chinese companies listed overseas, leading to substantial losses. Only 24 companies managed to list on four major international markets, raising a total of $2.981 billion, marking a significant drop compared to previous periods.
In the first five months of 2013, the largest export market for Taiwanese machine tools remained mainland China and Hong Kong, with an export value of $478 million, a year-on-year decline of 18%, although it still accounted for over 33% of total exports. The second-largest market was the United States, with $168 million in exports, down 18.3%, and the third was Thailand, with $103 million, a decrease of 3.8%.
Taiwan’s machine tool exports fell by 18.3% year-on-year in the first five months of 2013, totaling $1.416 billion. However, there were signs of stabilization, as exports in May increased slightly to $320 million, up 1.1% from the previous month. The top ten export destinations for Taiwan’s machine tools included China (including Hong Kong), the United States, Thailand, Turkey, Indonesia, South Korea, Germany, Malaysia, India, and the Netherlands.
In the first half of 2013, orders from eight major Japanese machine tool manufacturers totaled 219.43 billion yen, a 17.1% decrease from the same period the previous year. The main factors behind this decline were the slowdown in China's economy, the drop in smartphone demand, and the need for flood recovery in Thailand.
On July 9, the Japan Machine Tool Industry Association reported that the amount of machine tool orders (quickly reported) in June 2013 was 95.179 billion yen, down 12.4% year-on-year, marking the 14th consecutive month of year-on-year decline. Domestic orders dropped by 7.9% to 32.071 billion yen, while overseas orders fell by 14.5% to 63.108 billion yen. Among the eight manufacturers that accounted for 40% of the industry’s orders, only Mori Seiki showed a slight increase, while the others experienced declines.
According to surveys, China’s metal cutting machine tool output in the first half of 2013 reached 360,000 units, a 12.4% decrease from the previous year. It is estimated that the annual output for 2013 will be less than 700,000 units, about 100,000 fewer than in 2012. In June 2013 alone, the output was 67,000 units, down 6.9% year-on-year.
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