Machine Tool Market Taiwan Little Giant in Machine Tools
Taiwan is the world's fourth largest exporter of machine tools and the sixth largest producer. With 162 exhibitors, the country ranks third among countries showing at EMO Hannover.
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Despite tough economic and political conditions in Taiwan, its 1,000 machine tool and component makers remain optimistic and continue to invest in new products and develop services to meet international customer needs, according to Alan Lu, chairman of machine tool builders group TAMI.
Speaking with the MM Daily yesterday, Lu said that through July, the figures on trade were predominently negative, and exports to China were off 18.2%. The other major markets - USA, Thailand, Turkey and Germany - are all down by between 8 and 25%, Lu said. This indicates that the growth trend of exports in recent years will unlikely continue in 2013. Last year, Taiwan exported $4.2 billion, 6% more than in the previous year.
Falling consumption in China is the main problem for Taiwan’s producers. Its 35% of all export sales has made China the motor for machine-tool growth in Taiwan in recent years. Plus, more than half of Taiwanese manufacturers have plants in China, said Lu, who operates two manufacturing facilities there. “Some Taiwanese producers manufacture only in China,” he added.
Taiwan is also a major consumer and importer of machine tools, and Japan controls almost 60% of its import market. However, imports from China have grown and hit 10% last year. Germany, with 9%, is in third place ahead of Switzerland’s 7% share. (kf)