October 2011 Japan Machine Tool Order Statistics

On November 24, 2011, the Japan Machine Tool Industry Association (JMTBA) announced the accurate statistics of the Japanese machine tool orders for October 2011. Data show that in October 2011, the total amount of Japanese machine tool orders was 101.11 billion yen, a decrease of 8.5% from the previous quarter, but it was a year-on-year increase of 26%. Japanese machine tool orders have been growing for the second consecutive month. In the first 10 months, Japan's machine tool orders exceeded 100 billion yen in 9 months, and below 100 billion yen in August. In October, orders for Japanese CNC machine tools were 98.94 billion yen, a decrease of 8.1% from the previous quarter, but a year-on-year increase of 28.6%. From January to October 2011, the total amount of Japanese machine tool orders accumulated to 1.098 trillion yen, an increase of 40.2% year-on-year. Among them, the first 10 months of CNC machine tool orders for 1.069 trillion yen, accounting for 97.37% of total orders. In October 2011, Japan's machine tool sales were 84.482 billion yen, a 33.3% decrease from the previous quarter but an increase of 27.7% year-on-year; of these, sales of CNC machine tools were 81.819 billion yen, a year-on-year increase of 29%. From January to October, Japan’s cumulative sales of machine tools totaled 958.395 billion yen, an increase of 41.1% year-on-year. As of October, the balance of orders for machine tools was 64.608 billion yen, a year-on-year increase of 33.1%.

1. In October 2011, both domestic and foreign orders in Japan showed a month-on-month decrease. In October 2011, domestic orders were 31.709 billion yen, a decrease of 10.7% from the previous quarter, but still increased by 25% year-on-year. In the same period, the overseas orders amounted to 69.401 billion yen, a decrease of 7.5% from the previous quarter and a year-on-year increase of 26.5%. From January to October, Japan's domestic orders totaled 348.51 billion yen, an increase of 42.2% year-on-year; overseas orders totaled 749.699 billion yen, an increase of 39.3% year-on-year. In October, orders for Japanese machine tools both at home and abroad fell month-on-month, but they continued to grow year-on-year.

2. Domestic demand orders declined, machinery manufacturing orders fell by 9.7% month-on-month

In terms of domestic user demand in Japan, the amount of orders for machinery manufacturing that accounted for 86.03% of total domestic orders in October was 27.28 billion yen, a decrease of 9.7% from the previous quarter, but a year-on-year increase of 20.8%. Among them, the largest proportion of general machinery manufacturing orders was 14.53 billion yen, a slight increase of 0.8% from the previous quarter and a year-on-year increase of 33.7%. Another major machine tool user - the automotive industry's orders for 95.59 billion yen, a decrease of 1.91%, still an increase of 32% year on year. Orders for electrical and precision machinery were 2.508 billion yen, a decrease of 46.6% from the previous quarter and a decrease of 18.9% year-on-year. Orders for transportation machinery such as aircrafts and ships were 683 million yen, a decrease of 50.4% from the previous month and a year-on-year decrease of 50.3%. In addition, in October, orders for metal products industry amounted to 1.198 billion yen, a decrease of 33.6% from the previous quarter, but a year-on-year increase of 74.6%; orders from other manufacturing industries amounted to 1,076 million yen, a decrease of 39.6% from the previous quarter but a substantial increase of 109.3% year-on-year.

From January to October, the accumulated orders for machinery manufacturing industry totaled 307.37 billion yen, a year-on-year increase of 43.5%. Among them, the general manufacturing orders were 158.745 billion yen, an increase of 57.6%; the automotive industry orders were 99.336 billion yen, an increase of 39.4%.

3. The growth of machine tool orders in Southeast Asian countries is strong, and Chinese orders have dropped to 30%

In terms of overseas demand for Japanese machine tools, according to order demand, the order is: In October, although China still ranked first with 21.06 billion yen in orders, it fell by 16.1% from the previous quarter and still increased by 14.3% year-on-year, accounting for Japan’s total overseas orders. The proportion has fallen from 45% in January this year to 30.3% in October; the United States ranked second with 15.892 billion yen, a decrease of 31% from the previous quarter but an increase of 27.4% year-on-year, accounting for 22.6% of the total overseas orders; Thailand 60.28 Billion yen leaped to third place, a significant increase of 119.8% from the previous quarter and an increase of 144.2% year-on-year, with a share of 8.7%; India rose to a fourth with 4,514 million yen, an increase of 172.9% from the previous month and a year-on-year increase of 187.5%; Germany The fourth place was 4.465 billion yen, which was a 26.7% increase from the previous quarter and an increase of 10.7% year-on-year. In October, orders for machine tools from China declined significantly, but machine tool orders from Thailand, Malaysia, India and other Southeast Asian countries all showed significant growth. Due to the impact of floods in Thailand, some Thai-owned machine tools and equipment need to be replaced or repaired. After such conditions stabilize, the demand for machine tool equipment and accessories will also increase.

In October 2011, three of the top five markets in demand were from Asia, with a total of 31.603 billion yen in orders, which accounted for 45.54% of the total overseas demand. Orders in the European Union amounted to 10.993 billion yen, an increase of 7.3% from the previous quarter and an increase of 13.8% year-on-year.

From January to October 2011, the amount of machine tool orders from China was 276.724 billion yen, ranking the first in the overseas market for Japanese machine tool orders, which was a year-on-year increase of 38.5%; followed by the United States, the amount of orders was 163.945 billion yen, an increase of 59.1% year-on-year; The third place is Germany, and the order amount is 45.4 billion yen, which is a year-on-year increase of 62%.