Machinery / Industrial Parts & Tools

The China Machine Tool Industry Association recently released the economic performance of the machine tool industry in the first half of 2021, stating that the growth of the domestic economy has stimulated the recovery and growth of market demand for machine tools. In the first half of 2021, the machine tool industry continued its recovery growth since the second half of 2020. All major economic indicators have achieved substantial growth, quality and efficiency have been significantly improved, both imports and exports have increased significantly, and the operation of the machine tool industry has continued to improve. trend. However, attention should be paid to uncertain factors such as the sharp rise in the prices of raw materials and supporting parts, the shortage of talents and funds, and the domestic and foreign epidemic situation.

The operation of the machine tool industry in the first half of 2021 showed a substantial increase in operating income, full profitability in various sub-sectors, and improved corporate operating conditions. From January to June 2021, the operating income of key contact enterprises of the Machine Tool Industry Association increased by 45.7% year-on-year.

In terms of foreign trade, the overall import and export of machine tools and tools in the first half of 2021 showed a significant growth trend. The total import and export volume was US$15.85 billion, a year-on-year increase of 29.2%, and the growth rate was 1.3 percentage points lower than the first quarter. Compared with the first half of 2019, an increase of 13.3%, the two-year average growth rate was 6.4%.

In the first half of 2021, the import and export of machine tools and tools maintained a surplus since June 2019. Imports of machine tools and tools were US$ 6.97 billion, exports were US$ 8.87 billion, with a surplus of US$ 1.90 billion, and the surplus expanded by US$ 1.15 billion over the first quarter. The trade surplus has six commodity categories: metal forming machine tools, woodworking machine tools, cutting tools, abrasives, and casting machines.

Bai Ming, deputy director of the Marketing Research Institute of the Ministry of Commerce Research Institute, said that the steady growth of the machine tool industry is not only a significant improvement in the manufacturing level of the industry, but also the result of the common progress of many supporting industries, including various basic materials, machine tool parts, and corresponding This reflects the improvement of the overall strength of my country’s manufacturing industry.

The machine tool is one of the most important tools in industrial production and is known as the "industrial mother machine". While the machine tool industry is resuming development, it is also facing increasing cost pressures, shortage of key functional components, and epidemics.

In this regard, Bai Ming suggested that improving product competitiveness is the basis for companies to deal with various uncertainties, and companies should produce machine tools with high precision and strong reliability.

Industry insiders said that in the face of the shortage of key functional components, we must accelerate key core technology research, enhance independent innovation capabilities, improve the overall competitiveness of domestic CNC machine tools and equipment, and then achieve independent control of the industrial chain supply chain.

The China Machine Tool Industry Association stated that comprehensive consideration of various factors and the current good development trend of the machine tool industry, such as the epidemic has no serious rebound, uncertain factors have been effectively dealt with, and various policies continue to be effective in the second half of 2021. The machine tool industry will continue to maintain a steady growth trend.