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News Release from: Metalworking Insiders Report
Edited by the Manufacturingtalk Editorial
Team on 06 March 2003
World machine tool survey published
A US world machine tool survey shows Japan and the USA having suffered the largest drops in machine tool consumption during 2002, reflected by similar falls in machine tool production.
A US world machine tool output and consumption survey shows Japan and the USA having suffered the largest drops in machine tool consumption, reflected by similar falls in machine tool production "Metalworking Insiders' Report" newsletter, published by Gardner Publications, Cincinnati, USA (has published its annual 2003 World Machine-Tool Output and Consumption Survey
This article was originally published on Manufacturingtalk on 17 Feb 2006 at 8.00am (UK)
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The survey shows machine tool consumption having fallen in the USA and in Japan, during 2002, by 36% and 35% respectively.
Consumption in the UK fell by 26%, exceeded only by France at 27% and closely followed by Switzerland at 25%.
The newsletter reports that China was the world's largest machine tool consumer in 2002 ($5,696m), followed by Germany ($4,815.2m), Japan ($3,441m) and USA ($3,324.8m).
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The UK ($689.9m) now lies at eleventh place after Spain, Canada, Taiwan, France and South Korea.
Italy as the world's fifth largest machine tool consumer (US$ 2,931.5m).
The world's largest machine tool producer continues to be Germany ($6,737.5m) followed closely by Japan ($6,379m).
The UK is the eleventh largest producer ($611.9m).
In more detail - The Peoples Republic of China moves from number four to first place in consumption of machine tools, according to the most recent annual survey of production and trade in that class of equipment.
Chinese durable-goods factories acquired an estimated $5.7-billon worth of the production equipment in 2002, for the first time out-investing their competitors in Germany, Japan and the United States.
Chinese consumption gained 20% in a year in which most major consuming nations reduced their annual purchases.
Through the 1990s, the United States had been far and away the leading purchaser of machine tools.
But it saw a 23% decline in consumption during 2001 followed by a 36% drop last year to $3.3-billion.
Until the slump, America was number one in consumption every year since 1993.
Machine tools like lathes and presses are the basic building blocks of manufacturing.
They are used in durable-goods industries to make products ranging from aircraft to appliances to automobiles.
In the survey, consumption is calculated as domestic production plus imports and minus exports.
On the output side of the study, the World Machine Tool Output & Consumption Survey shows countries with substantial machine-tool-producing industries created $31.0-billion worth of equipment last year.
That represents a 14% decrease from the $36.1-billion those same 28 countries shipped in 2001.
Though it declines in output from the previous year, Germany is the front-runner in production, with $6.7-billion, edging out Japan, whose output slows nearly one-third to $6.4-billion.
Italian machine-tool builders ship $3.8-billion, followed by Chinese manufacturers and Americans.
Others in the top ten ranked by production are Taiwan, Switzerland, Spain, South Korea and France.
As a group, the 15 countries of the Western European alliance known as CECIMO produce $16.1-billion or more than half of the world total.
This bloc produced $17.7-billion in 2001, or 49% of the total.
Asian producers led by Japan account for 39% of 2002 world output, compared to 40% in 2001.
While many other producing nations lowered their shipments, China showed a 15% increase.
The steepest year-to-year decline among major producers is that of the United States, 33%.
Its drop to under $2-billion in estimated 2002 output moves it behind China into fifth place, from fourth place.
The statistics are cited in the 2003 World Machine Tool Output & Consumption Survey, the annual study released this week by industrial publisher Gardner Publications, Inc.
It is presented in a special edition of Metalworking Insiders' Report, the semimonthly newsletter for machine-tool executives, and will appear in several other Gardner publications.
Editors of the annual survey, which began in 1965, assemble figures from trade associations, government agencies, or major producers in the 28 countries that account for an estimated 92% of the total world shipments.
Copies of the six-page study, including supplemental tables on ranking by imports, exports, trade balance, and per-capita consumption, are available to news organizations on request.
Results of the 2003 study also will be posted on http://www.gardnerweb.com/consump/survey.html.
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