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German machine tool manufacturers association predicts that China's machine tool market will return

Time:2016-08-29

During the Chinese CNC machine tool exhibition, the German Machine Tool Manufacturers Association (VDW) held a press conference. VDW Minister of economic affairs GerhardHein said that Germany's exports to China's machine tool in 2012 reached its peak, however, the trade volume of 2015 is only 2 billion 100 million euros, a decline of more than 1/5. This means that China's industrial sector has lost some growth momentum, the rapid growth of capital investment in the field of production technology has become the past.
Nevertheless, according to the British economy prediction mechanism OxfordEconomics (cooperation of VDW forecasters) report, although last year came from China's machine tool orders, a decrease of 13%, but overall economic efficiency, industrial production and capital investment and consumption of machine tools will eventually achieve growth. As an important indicator of the development of bilateral trade, machine tool consumption in 2013~2015 years of continuous suffered heavy losses, is expected to return to the growth track, regardless of the dollar or in its own currency, are so. So China is still the most important sales market for German manufacturers.
After three consecutive years of decline, in 2015 China's total consumption of machine tools reached 21 billion euros, again showing an upward trend in consumption, in euros, an increase of about 4%. This allows China to become the world's largest machine tool market, is ranked second and three of the United States and Germany more than third times. "This figure is largely affected by the impact of the RMB against the euro, in fact, in its own currency, China's machine tool consumption fell by 11%". GerhardHein noted that in the top ten countries, in addition to Russia, the amount of machine tool consumption in the euro have increased.
By comparison, in 2015, the amount of imported machine tools from China to China reached euros, an increase of 2%. "In the past seven years, in addition to 2013, our imports from China have been growing."
GerhardHein said: "according to the report, the Chinese machine tool consumption is returning to normal, this is obviously a thing to be happy." He said the number of orders from the point of view, the transformation process of China's industry has not been completed. China's industrial modernization can not be separated from the high-end machine tools, China has more than 1/4 of the high-end machine tools are imported from germany. German machine tool manufacturers will provide China with more products and technical support to help China's industrial areas to achieve further modernization. 2015 German machine tool consumption increased by 6%, is expected to grow by 2% in 2016, in January this year, the order also increased by 6%. These figures show the German machine tool sales in 2016 ushered off to a good start, German Machine Tool Manufacturers Association (VDW) in 2016, the trend is valued.

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