Looking back at the continuous fluctuations in global economic and trade conditions in 2019, the global economy is in a high degree of uncertainty, and the overall output value of Taiwan's machine tool industry in 2019 will be affected.
Looking back at the global economic and trade situation in 2019, it is still the Sino-US trade war that affects the situation, and whether or not the UK will leave the European Union has also made companies in various countries uneasy, investment demand has dropped sharply, and the overall economy is facing the risk of contraction. The recent trade frictions seem to have gradually subsided, but the black swan of the new coronavirus in 2020 has instantly plunged the global economy into another black hole. This is because the global economic structure has changed, and China is now the world's second-largest Large economies are not only the world’s factories but also the world market. The epidemic has brought a high degree of uncertainty to the global economy, causing a crisis in the global supply chain and increasing liquidity risks in the industry.
Taiwan machine tool market share in 2019
The total export value from January to December 2019 was US$3.065 billion, a decrease of 16.1% from the same period last year
According to the export declaration data of various customs areas in Taiwan provided by the Data Processing Office of the General Customs Administration of the Ministry of Finance, and according to the statistics of the Taiwan Machine Tool and Components Industry Association (TMBA), the total export of Taiwan machine tools from January to December 2019 was US$3.065 billion. This is down 16.1% from last year. Among them, the export of metal cutting machine tools decreased by 17.4% to US$2.539 billion, and the export of metal forming machine tools decreased by 9.7% to US$526 million. If compared with the previous month, the export value of machine tools in December 2019 increased by 1.7% compared to November 2019. Among them, the export of metal cutting machine tools decreased by 3%, and the export value of metal forming machine tools increased by 24.2%.
From January to December 2019, the main export models of metal cutting machine tools were integrated processing machines, with an export value of US$1.022 billion, a decrease of 26.1% from the same period last year; lathes ranked second, with an export value of US$621 million, compared with the same period last year. Decrease by 10.6%. For the export of metal forming machine tools, the export value of forging and press forming machine tools was nearly US$426 million, a decrease of 6.2% compared with the same period last year.
Main export markets for machine tools
According to the analysis of exporting countries (regions), the top ten countries (regions) for Taiwan machine tool exports from January to December 2019 are China (including Hong Kong), the United States, India, Vietnam, Thailand, Japan, Germany, the Netherlands, Russia, Turkey. Among them, the number of machine tools exported from Taiwan to China (including Hong Kong) was US$903 million, a decrease of 23.9% compared to 2018, accounting for 29.5% of the total export; the second-largest export was the US market, with an export value of nearly US$408 million. Compared with 2018, the export value decreased by 14.7%, accounting for about 13.3% of the total export; India ranked third, with an export value of about 140 million U.S. dollars, which was an 11.2% decrease from 2018 and accounting for 4.6% of the total export.
Analysis of export regions of each model
- Discharge/laser/ultrasonic machine tools: The top 10 countries in order are: China (including Hong Kong), Vietnam, the United States, Japan, South Korea, India, Thailand, Malaysia, Mexico, and Germany. Among them, Vietnam has the largest growth rate, followed by China (including Hong Kong), while the U.S., India, Malaysia, and Mexico are all markets showing a decline in exports.
- Lathes: The market demand for the major exporting countries increased and decreased by half. Among them, Belgian exports grew the most, while Turkish exports fell the most. The top 10 export countries are in order: China (including Hong Kong), the United States, Russia, Thailand, Belgium, Germany, India, Turkey, the Netherlands, and Vietnam.
- Comprehensive processing machines: The top 10 export markets in order are China (including Hong Kong), the United States, the Netherlands, Germany, India, Turkey, Italy, Japan, Thailand, and Russia. Most of its main export markets showed negative growth, and China (including Hong Kong) and Turkey experienced larger declines, while the Russian market showed positive growth.
- Drilling/boring/milling/tapping machine tools: Its main export markets are India, Vietnam, and Indonesia, which have performed better. The top 10 exporting countries are, in order: China (including Hong Kong), the United States, India, Vietnam, Thailand, Russia, Malaysia, Turkey, Indonesia, and Italy.
- Grinding machines: The top 10 exporting countries in order are: China (including Hong Kong), the United States, Vietnam, Japan, Germany, Russia, India, Thailand, Indonesia, and South Korea. In the export performance of various countries, Russia's export growth is the most eye-catching, followed by Vietnam.
- Forging, stamping, and forming machine tools: The top 10 exporting countries are China (including Hong Kong), the United States, Vietnam, India, Thailand, Japan, Indonesia, Malaysia, Mexico, and Brazil. Brazil’s main export markets have the most robust market demand, while Japan and Mexico also performed well.
- Planing/inserting/pulling/tooth cutting machine tools: The top 10 rankings are the United States, China (including Hong Kong), Japan, Thailand, the Netherlands, Australia, Vietnam, Germany, Russia, and South Korea. The growth markets for this export were Thailand and Germany, while exports from South Korea and China (including Hong Kong) declined more.
- Other forming machine tools: The top 10 exporting countries are: China (including Hong Kong), Vietnam, Thailand, Indonesia, India, Malaysia, the United States, Japan, Turkey, and Russia. Among the export markets, Malaysia and Japan are showing positive growth, while Russia is the market where exports have fallen more.
Export volume trends of Taiwan's main export products
Regarding the export volume trend of Taiwan's main machine tool industry products, the cumulative average export of integrated processing machines from 2017 to 2019 was about 1,271 units, and the average export number from January to December 2019 was 979 units. From 2017 to 2019, the cumulative average export of lathe products was about 1,641 units, and the average export number from January to December 2019 was 1,395 units. The average export number of grinder products from 2017 to 2019 was 8801 units, and the average export number from January to December 2019 was 1212 units. The cumulative average export of drilling/boring/milling/tapping machine tools from 2017 to 2019 was about 2544 units, and the average export number from January to December 2019 was 2293 units. From 2017 to 2019, the cumulative average export of forging, stamping, and forming machine tools was about 2703 units, and the average export number from January to December 2019 was 4126 units.
Imports of machine tools from January to December 2019 totaled US$807 million, a decrease of 16.5% from the same period last year
According to the import declaration data of various customs areas in Taiwan provided by the Data Processing Office of the General Customs Administration of the Ministry of Finance, and according to the statistics of the Taiwan Machine Tool and Components Industry Association (TMBA), the import value of Taiwan machine tools from January to December 2019 was US$807 million. Compared with the same period last year, it decreased by 16.5%. Among them, the import value of metal cutting machine tools was US$685 million, a decrease of 17.1%, while the import value of metal forming machine tools was US$122 million, a decrease of 13%. If compared with the previous month, the import value of machine tools in December 2019 increased by 18.7% compared to November 2019, of which the total import value of metal cutting machine tools increased by 13.9%, and the total import value of metal forming machine tools increased by 53.4%.
According to the analysis of machine types, the import of metal cutting machine tools ranked first in the discharge, laser, and ultrasonic machine tools. The import value was nearly 251 million US dollars, accounting for 31.1% of the total import value, which was a decrease of 40.4% compared with the same period last year. The importing countries are Japan, China (including Hong Kong), and Singapore; the second-largest import is the comprehensive processing machine, with an import value of 142 million US dollars, accounting for 17.6% of the total import, an increase of 18.7% compared with last year. The main importing countries are Japan, Germany, and China (including Hong Kong).
Main import markets for machine tools
According to the analysis of importing countries (regions), the top ten countries (regions) of Taiwan machine tool imports from January to December 2019 are Japan, China (including Hong Kong), Germany, Switzerland, Italy, Singapore, South Korea, the United States, Thailand, Austria. Taiwan’s imports of machine tools from Japan accounted for 48% of the total imports, and the import value was US$388 million, down 5.5% from last year. The main imported products are electric discharge, laser, and ultrasonic machine tools; the second largest in China (The import value (including Hong Kong) was US$1.03, accounting for 12.7% of the total imports, down 33.2% from last year. The main imported products are also electric discharge, laser, and ultrasonic machine tools. Ranked third is Germany, with an import value of 79.9 million. The import value fell by 25.1% compared to last year, mainly imported grinder machine tools.
