Economic performance of the machine tool industry in the first quarter of 2022

2022.06.13Source：

The national economy continued to recover in the first quarter of this year,GDPGrowth compared to the same period last year4.8%The economic operation has achieved a stable start.

two thousand and twenty-twoIn the first quarter of the year, the China Machine Tool and Tool Industry Association key contact enterprises (hereinafter referred to as“Key contact enterprises”）According to statistical data, the industry's main indicators such as operating revenue and total profit have increased year-on-year, with stable operation and an overall good start. However, the slowdown in revenue growth, the year-on-year increase in new orders for metal processing machine tools, and the continuous increase in inventory will all bring certain pressure to the operation of the industry in the next stage.

1、 Basic situation of industry operation

Based on the statistical data of key contacted enterprises, as well as the research results of association enterprises and the information provided by some branches, we will analyze the machine tool industrytwo thousand and twenty-twoyear1-3The summary analysis of the monthly industry operation is as follows.

oneOperating revenue maintains growth but is relatively1-2Monthly decline

two thousand and twenty-twoyear1-3Month on month, with a focus on the year-on-year growth of operating revenue for key enterprises8.3%, relatively1-2Monthly decline5.1One percentage point. In different industries, the year-on-year growth of metal cutting machine tools0.9%The year-on-year growth of metal forming machine tools31.8%The year-on-year growth of measuring tools12.1%The year-on-year growth of abrasives and grinding tools13.3%The scrolling function component has the largest amplification, which is34.9%.

pictureone是two thousand and twenty-two年1-3月与two thousand and twenty年、two thousand and twenty-one年重点联系企业累计营业收入同比增速的对比。

pictureoneFocus on the year-on-year growth rate of enterprise operating income

twoThe increase in total profit is considerable, but the profit level is still relatively low

two thousand and twenty-twoyear1-3In the month, key enterprises were contacted to achieve a year-on-year increase in total profits that was greater than the increase in operating revenue. In the sub industries, except for machine tools and electrical appliances, all other sub industries are profitable. The total profit of the metal cutting machine tools, metal forming machine tools, measuring tools, rolling functional components, and abrasive tools industries increased year-on-year. Overall, the industry's overall profitability level is still high6%about.

threeThe loss area slightly expanded year-on-year

two thousand and twenty-twoyear1-3What is the proportion of loss making enterprises among the key contacted enterprises in the month27.6%Expanded compared to the same month last year0.4One percentage point. Among them, the metal cutting machine tool narrows4.5Percentage point, expansion of metal forming machine tools10.7Percentage point, the measuring tools remain unchanged, while the abrasives and grinding tools have narrowed9.1One percentage point.

fourThe orders for metal cutting machine tools have decreased year-on-year, while the orders for metal forming machine tools are still good

two thousand and twenty-twoyear1-3In the month, the number of new orders for metal processing machine tools in key contact enterprises decreased year-on-year1.5%As of3At the end of the month, the number of orders in hand increased year-on-year7%Among them, the number of new orders for metal cutting machine tools decreased year-on-year14.9%On hand orders have decreased year-on-year6.6%New orders for metal forming machine tools increased year-on-year33.5%On hand orders increased year-on-year42.5%The year-on-year growth rate of metal forming machine tools in manual orders is prominent, and the stable operation foundation is good in the next stage.

fiveThe production of machine tools fluctuated at a low level year-on-year, while inventory increased significantly

According to data released by the National Bureau of Statistics,two thousand and twenty-twoyear1-3Monthly production of metal cutting machine tools by enterprises13.510000 units, year-on-year growth1.5%Production of metal forming machine tools5.4Ten thousand units, a year-on-year decrease1.8%.

picturetwo、图three分别是two thousand and twenty-two年1-3月与two thousand and twenty年、two thousand and twenty-one年金属切削机床产量和金属成形机床产量同比增速的对比。

picturetwoYear on year growth rate of metal cutting machine tool production

picturethreeYear on year growth rate of metal forming machine tool production

According to statistical data from key contact enterprises,two thousand and twenty-twoyear1-3In the month, the production of metal cutting machine tools decreased year-on-year6.5%Year on year growth in output value11.5%The production of metal forming machine tools has decreased year-on-year2.2%Year on year growth in output value24.5%The phenomenon of significant growth in output value despite a decrease in production is mainly due to two reasons: firstly, technological progress has increased the value of a single machine tool, and secondly, the significant increase in raw material prices has led to an increase in machine tool prices.

two thousand and twenty-twoyear1-3Month on month, focus on the year-on-year growth of inventory in enterprises12.4%Among them, the year-on-year growth of raw materials16.1%The year-on-year growth of finished products6.4%The inventory of finished metal processing machine tools increased year-on-year9.9%Among them, the year-on-year growth of metal cutting machine tools8%The year-on-year growth of metal forming machine tools17.8%The significant increase in raw material inventory reflects a response measure taken by enterprises to cope with the current high fluctuations in raw material prices. The increase in inventory of finished machine tools is mainly due to factors such as the severe impact of the recent epidemic on shipments.

2、 Import and export situation

According to Chinese customs datatwo thousand and twenty-twoyear1-3Monthly total import and export volume of the machine tool industry80.1Billion US dollars, year-on-year growth9.7%Among them, the total import amount32.0Billion US dollars, a year-on-year decrease2.3%;Total export value48.1Billion US dollars, year-on-year growth19.6%Imports have slightly decreased, while exports continue to grow significantly.

two thousand and twenty-twoyear1-3The import and export of monthly machine tools have been maintained2019year6The surplus trend since the beginning of the month, with a surplus of16.1USD100mn The categories of goods that show trade surplus include abrasives and grinding tools, woodworking machines, cutting tools, metal forming machines, casting machines, measuring instruments, etc.

In terms of imports,two thousand and twenty-twoyear1-3The overall monthly trend shows a slight decrease. The import value of metal processing machine tools17.2Billion US dollars, a year-on-year decrease2.6%Among them, the import value of metal cutting machine tools14.6Billion US dollars, year-on-year growth6.7%Import value of metal forming machine tools2.6Billion US dollars, a year-on-year decrease15.7%Import value of cutting tools3.8Billion US dollars, a year-on-year decrease11.7%Import value of abrasives and grinding tools18.6Billion US dollars, year-on-year growth0.9%.

two thousand and twenty-twoyear1-3The top three sources of monthly imports are: Japan10.6Billion US dollars, a year-on-year decrease2.2%; Germany7.3Billion US dollars, year-on-year growth8.6%Taiwan, China4.0Billion US dollars, a year-on-year decrease4.9%.two thousand and twenty-twoyear1-3The top five imports of metal processing machine tools in the month are: machining centers6.7Billion US dollars, accounting for a certain proportion38.6%Special processing machine tools2.7Billion US dollars, accounting for a certain proportion15.9%Grinding machine2.1Billion US dollars, accounting for a certain proportion12.2%Lathe; lathe1.2Billion US dollars, accounting for a certain proportion7.0%Gear machining machine tool1.0Billion US dollars, accounting for a certain proportion5.7%.

The cumulative import situation of each product category is shown in the figurefour。

picturefourAccumulated imports of machine tool products (in billions of US dollars)

In terms of exports,two thousand and twenty-twoyear1-3The overall trend of significant growth in monthly exports has been maintained. Among them, the export value of metal processing machine tools13.8Billion US dollars, year-on-year growth22.8%Among them, the export value of metal cutting machine tools9.5Billion US dollars, year-on-year growth23.7%Export value of metal forming machine tools4.3Billion US dollars, year-on-year growth20.8%Export value of cutting tools9.5USD100mn,Year-on-year growth14.4%Export value of abrasives and grinding tools10.0Billion US dollars, year-on-year growth21.8%.

two thousand and twenty-twoyear1-3The top three monthly exports are: the United States5.9Billion US dollars, year-on-year growth15.6%; India3.5Billion US dollars, year-on-year growth16.2%; Japan3.3Billion US dollars, year-on-year growth42.2%.two thousand and twenty-twoyear1-3The top five exports of metal processing machine tools in the month are: special processing machine tools4.3Billion US dollars, accounting for a certain proportion31.4%Lathe; lathe1.5Billion US dollars, accounting for a certain proportion10.7%Other forming machine tools1.03Billion US dollars, accounting for a certain proportion7.5%Forming bending machine0.98Billion US dollars, accounting for a certain proportion7.1%Metal Cold Processing Press0.9Billion US dollars, accounting for a certain proportion6.4%.

The cumulative export situation of each commodity category is shown in the figurefive。

picturefiveAccumulated exports of machine tool products (in billions of US dollars)

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