Abstract According to data from the National Bureau of Statistics, from January to September 2013, China's machine tool industry achieved a total sales revenue of 564.42 billion yuan, representing a year-on-year growth of 12.7%. The industry generated a profit of 31.46 billion yuan, up by 8.1% compared to the same period in the previous year. The profit margin on product sales stood at 5.6%, a slight decline of 0.2 percentage points from the previous year. During this time, fixed asset investment in the sector increased by 21.1% year-on-year, indicating continued capital inflow into the industry.
In terms of production, the output of metal cutting machine tools reached 538,939 units, while the output of CNC machine tools was 149,302 units, both declining by 9.4% and 0.4%, respectively, compared to the same period in 2012. Sales revenue for these products rose by 4.2% to 107.02 billion yuan, but profits dropped by 310 million yuan, resulting in a sales profit margin of 3.3%, down 0.5 percentage points from the previous year.
The output of metal forming machine tools was 167,287 units, a decrease of 3.3% year-on-year. However, sales revenue for these machines increased by 14.2% to 53.31 billion yuan, with profits rising by 230 million yuan to 3.08 billion yuan. The profit margin remained stable at 5.8%, though it declined slightly by 0.3 percentage points.
On the import front, total machine tool imports in the first nine months of 2013 amounted to $12.56 billion, a drop of 19.3% compared to the same period in 2012. Imports of metal processing machine tools fell by 24%, with gold cutting machine tools down 25.7% to $6.34 billion and forming machine tools down 11.6% to $1.10 billion.
Exports, however, showed mixed results. Total machine tool exports were $4.46 billion, a slight decrease of 1.5% year-on-year. While exports of metal processing machine tools rose by 1.7% to $1.38 billion, exports of gold cutting machine tools declined by 4.3% to $880 million, while forming machine tool exports increased by 14% to $500 million.
Since 2012, China’s machine tool exports to markets such as the United States, Vietnam, and Mexico have grown rapidly, but overall export growth has slowed significantly. From April 2013 onward, cumulative exports turned negative, with declines ranging between 0.5% and 1.5% over the following months. Among the top 10 export markets, India saw a 30% drop, Japan fell by 10%, and Germany declined by 1%, while most other regions recorded positive growth.
Despite steady revenue growth across most sectors, many smaller manufacturers faced low utilization rates, fierce competition, and sharp profit declines, leading to liquidity challenges. Import data and key enterprise reports also highlighted an upward trend in average machine tool prices, with stronger demand for high-end equipment. In the context of a weak global economy, export growth remained sluggish, and long-term import growth also declined sharply, signaling a shrinking market.
According to the National Bureau of Statistics, the industry is expected to grow by 13% to 14% in 2013. However, data from key enterprises suggest that the actual annual growth may remain flat or even slightly lower than that of 2012.
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