Analysis of Japanese Machine Tool Order Value Statistics in June 2011

On July 21, the Japan Machine Tool Industry Association (JMTBA) announced the accurate statistics of Japan's machine tool orders in June 2011.

In June, Japan's machine tool sales reached 105.252 billion yen, a growth of 26.1% from the previous period and a year-on-year increase of 56.3%. Sales of CNC machine tools were 102.158 billion yen, a year-on-year increase of 58.6%. In June, the balance of orders for machine tools was 623.352 billion yen, a year-on-year increase of 37.6%. In the first half of the year, Japan’s cumulative sales of machine tools were 557.215 billion yen, a year-on-year increase of 50.4%.

Among them, orders for CNC machine tools were 124.494 billion yen, a year-on-year increase of 18.3%, an increase of 55.6% year-on-year. In the first half of 2011, the total amount of Japanese machine tool orders totaled 674.3 billion yen, a year-on-year increase of 52.9%. Among them, the first half of the amount of CNC machine tools orders for 656.328 billion yen, accounting for 97.3% of total orders.

one. In June, domestic orders and overseas orders were at a record high. In June 2011, domestic orders were 41.688 billion yen, an increase of 29.1% from the previous quarter and an increase of 42.5% year-on-year. During the same period, overseas orders amounted to 86.893 billion yen, a year-on-year increase of 14.7% and a year-on-year increase of 59.4%.

After Japan’s machine tool orders experienced a drop in orders for two consecutive months, in June, domestic and overseas orders in Japan have again increased significantly, and the amount of orders has created new highs during the year. Figure 1 shows the trend of changes in Japanese machine tool orders from January 2010 to June 2011.

Data show that in June 2011, the total amount of Japanese machine tool orders was 128.581 billion yen, which was an increase of 19% from the previous quarter and an increase of 53.5% year-on-year. Japan's machine tool orders have achieved continuous growth for the past 19 months and exceeded 100 billion yen for six consecutive months.

In the first half of the year, Japan’s domestic orders totaled 207.968 billion yen, a year-on-year increase of 54.4%; overseas orders accumulated to 466.332 billion yen, a year-on-year increase of 52.3%.

two. In the first half of the year, the cumulative growth of machinery manufacturing orders was 56%

In the first half of the year, the amount of machine tool orders from China was 182.069 billion yen, ranking the first in the overseas market for Japanese machine tool orders, which was a 61.8% year-on-year increase; followed by the United States, with an order volume of 93.772 billion yen, a year-on-year increase of 68.3%; the third was Germany. The order volume was 27.378 billion yen, an increase of 95.3% year-on-year.

In terms of domestic user demand in Japan, the amount of orders for the machinery manufacturing industry, which accounted for 88.8% of total domestic orders in June, was 37.01 billion yen, a year-on-year increase of 27.8%, and a year-on-year increase of 43.6%. Among them, the order amount of the largest general machinery manufacturing industry was 19.852 billion yen, an increase of 24.1% from the previous period and a year-on-year increase of 62.9%.

Another major machine tool user - the automotive industry's order amount was 11.263 billion yen, an increase of 35.3%, also an increase of 45.1%. Orders for electrical and precision machinery amounted to 4.991 billion yen, an increase of 70.5% from the previous quarter and an increase of 22.8% year-on-year. The amount of orders for transportation machinery such as aircrafts and ships was 904 million yen, a decrease of 47.3% from the previous month and a 49% year-on-year decrease.

three. China is still the largest export market for Japanese machine tools, with orders accounting for 41.3%

In terms of overseas demand for Japanese machine tools in June, rankings based on order demand were: China still ranked first with 35.853 billion yen in orders, and the order amount increased by 35.2% sequentially and increased by 79.8% from the same period of last year, accounting for Japan’s overseas orders. The proportion rose to 41.3%;

The United States ranked second with 16.274 billion yen, an increase of 9.6% from the previous period and an increase of 49.2% from the same period of last year, accounting for 18.7% of the total overseas orders. Germany ranked third with an increase of 11.1% and a year-on-year increase of 105.4%. The share was 5.9%; India rose to fourth with 4.974 billion yen, a month-on-year increase of 33.7%, and a year-on-year increase of 239.5%; Thailand's 38.68 billion yen was the fifth, with a month-on-month decrease of 11.6%, but a year-on-year increase of 58.5%. This month, orders from emerging markets such as India and Brazil have seen particularly rapid growth. In June 2011, the ranking of top ten countries and regions for Japanese machine tool overseas orders is shown in Figure 2.

In June, three of the top five markets in demand were from Asia, with orders totaling 44.695 billion yen, accounting for 51.4% of total overseas demand. In addition, demand for orders in the EU was 12.21 billion yen, a 15.5% increase from the previous quarter and a 96.8% year-on-year increase.

In addition, in June, orders for metal products industry was 1.819 billion yen, a year-on-year increase of 63.7%; orders for other manufacturing industries were 1.268 billion yen, a year-on-year increase of 67.5%.

In the first half of the year, the accumulated orders for machinery manufacturing industry were 183.634 billion yen, a year-on-year increase of 56%. Among them, the general manufacturing orders were 96.551 billion yen, an increase of 82.3%; the automotive industry orders 56.442 billion yen, an increase of 35.9%.