Japan’s machine tool industry in 2020 : production, orders, imports, exports (1/3)

The production, orders, imports, and exports amount of the Japanese machine tool industry in 2020 has been compiled. Due to spreading of COVID-19 pandemic, all amount of Japan’s machine tool production, orders, exports, and imports fell sharply last year. The editorial department of SEISANZAI Japan is going to explain the supply and demand performance of the Japanese machine tool industry divided the article into three parts.

Less than 800 billion yen for the first time in 11 years

According to the “Machinery Statistics” of the Ministry of Economy, Trade and Industry, Japan’s machine tool production amount in 2020 was 736,132 million yen, a decrease of 31.4% from the previous year. The production amount has decreased for the second consecutive year, falling below 1 trillion yen for the first time in seven years.

By machines, the production amount of all machine fell below the previous year. Lathes were down 38.0% to 198,193 million yen, and machining centers（MCs） were down 30.3% to 255,115 million yen.

However, among the MCs, the vertical MC decreased by 23.3% to 151,460 million yen, which was a small decrease rate compared to other MCs. The towing role was a compact vertical MC with a front-rear stroke of less than 500 mm. The number of compact vehicle MC increased by 18.3% to 14,481 units, and the production amount decreased by 11.7% to 102,534 million yen. The needs of remote work have been getting high in China, and the demand of electronic devices has increased. As a result, the production volume of compact vertical MCs for electronic devices has grown.

The second part of this article is here.

The third part of this article is here.