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April MT orders, minimal impact from risk factors

May 31, 2022

Japan Machine Tool Builders’ Association (JMTBA) announced the firm machine tool orders for April 2022. The total amount of orders received was 154.9 billion yen, exceeding 150 billion yen for two months in a row. It was the eighth-highest single month in history for orders received. Although orders decreased from the previous month, as is usual in April, both domestic and foreign demand stayed at a high level. This month marks the 15th consecutive month that the amount of orders has exceeded 100 billion yen.

Domestic demand decreased for the first time in three months and increased for the 14th consecutive month, exceeding 50 billion yen for the second consecutive month. Although many industries saw month-on-month(MoM) decreases in response to the end-of-year effect in March, the automobile sector showed a MoM increase, exceeding 13 billion yen for the first time in 35 months. Investment in the automobile industry, which had been lagging behind, appeared to be recovering. Other industries also remained stable, mainly in semiconductor-related industries and equipment demand due to parts shortages.

Foreign demand decreased for the first time in two months, while year-on-year(YoY) demand increased for the 18th consecutive month, exceeding 100 billion yen for the second consecutive month. This was the fifth-highest single month on record, and the first time in April that it exceeded 100 billion yen. By region, all three of the major markets (Asia, Europe, and North America) maintained firm levels. Although Asia saw a MoM decline due to a drop in large orders related to electrical machinery, it remained above 45 billion yen for the second month in a row. Europe, too, was not affected by geopolitical risks that much, with the EU and other regions performing stable and exceeding 20 billion yen for the first time in two months. Also, North America, which reached a record high in the previous month, continued to exceed 30 billion yen this month, marking the third-highest level on record.

As of April, the impact of risk factors such as the Ukraine crisis and the COVID lockdown in China has been minimal. While orders remain at a high level, the impact of parts shortages and price hikes will need to be closely monitored in the future.

April Summary

Amount (million yen) MoM change (%) YoY change (%)
Total Orders 154,998 93.2 125.0
Domestic total 53,180 88.3 147.4
Industrial Machinery 22,495 90.1 161.8
Motor Vehicles 13,097 105.1 120.5
Electrical & Precision Machinery 5,795 58.4 150.8
Aircraft/Shipbuilding/Transport equipment 1,091 42.9 119.1
Foreign total 101,818 96.0 115.8
Asia 47,941 92.4 92.9
Europe 20,687 105.9 138.2
North America 30,924 94.2 155.6




Japan MT orders for

October 2021: strong orders from Europe and the U.S.

November 2021:Both domestic and foreign demand remain strong

December 2021: First drop below 140 billion yen in 4 months, but still remains high

2021 summary: Japan’s MT orders in 2021 raise for the first time in 3 years

January 2022: Large orders in foreign demand; total orders exceed 140 billion yen

February 2022: High levels of both domestic and foreign demand, generally keeping strong

March 2022: Strong March results despite risk factors

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