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10. Analysis of Chinese Machine Tool Market and Industry Operation in 2016

2017-03-05

2016 is to enter "Thirteen-Five" in the first year, and for the country's economy, "the new normal" to deal with economic problems and difficulties in the development, structural reforms taken by the Government to supply in China as the main line of development, and according to the characteristics of China's current economy and put forward "three-one down, one up" supply side structural reform priorities. For sometime to come, "reform of the main line, and stability is the bottom line," or will be the theme of China's economic operation.

 

2016 China's steady economic growth policies, particularly prudent monetary policyand proactive fiscal policy of comprehensive functions, real estate, cars, services andconsumer areas such as new formats of science run showed explosive growth, driven economy gradually stabilized. Affected by this, China machine tool market and industrial also down 6 years in a row (starting in 2011) stabilised for the first time. According to the State Statistics Bureau, the following Customs and industry key contact network of the Association for information and data, comprehensive analysis of China machine tool market in the near future and the operation status and trend of the industry.



1.    Machine tool market to stabilize

2016 China machine tool consumption amounting to 27.5 billion dollars,  compared with flat. 

Among them, the metal cutting machine tool consumption amounted to 16.4 billion dollars, down 4.1% metal forming machine tool consumption amounted to us $11.1 billion, an increase of 6.7%. 2016 total spending of about $4 billion in China, fell 11.1%. With these indicators by 2015 compared to the growth rate in the same period, up 13.5 and 10.3, 19.0, and 1%, respectively. In 2016, China machine toolmarket showing signs of stabilization.

 

 

2.    Machine tool industry slightly

2016 China machine tool industry output totalling approximately $22.9 billion, an increase of 

3.6%. Among them, the output of metal-cutting machine tools was approximately USD 12.2 billion, compared with flat metal forming machine tool output is about USD 10.7 billion, an increase of 8.1%. Machine tool production was approximately 810,000 units, down by 1.1%. Among them, the output of metal-cutting machine tools of about 610,000 units, down by 1.9% metal forming machine tool production is about 200,000 units, an increase of 1.5%. 2016 tool output in China is about USD 5.1 billion, down 8.9%. With these indicators by 2015 compared to the growth rate in the same period, up 13.0 9.0, respectively, 18.1, 11.7 and 11.3, 11.9 and 2.4%. In 2016, status of the machine tool industry in China and present slightly.



3.    Machine tool products foreign trade activity declined significantly

2016 machine tool imports and exports of goods totalled USD 23.26 billion, down 8.8%.Among

them, exports USD 10.29 billion (go down 4.9%),  imports USD 12.97 billion (go down 11.7%)

trade deficit of USD 2.68 billion, down 30.7%.   

 

 

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