Japanese Cutting-Edge
Solutions for Metalworking
Japanese Cutting-Edge
Solutions for Metalworking
Statistic
July 22, 2022
Japan Machine Tool Builders’ Association (JMTBA) announced the firm report of machine tool orders for June 2022. The total amount of orders received was 154.7 billion yen, the 9th highest single month on record, and the first time since 2018 that June orders exceeded 150 billion yen. The breakdown of total orders received was 58.6 billion yen for domestic demand and 96 billion yen for foreign demand. Both domestic and foreign demand remained strong, and this is the 17th consecutive month in which orders exceeded 100 billion yen.
Domestic demand exceeded 55 billion yen for the first time in three months, with the first month-on-month (MoM) increase in three months and the 16th consecutive year-on-year (YoY) increase. While the market remained strong, mainly in the semiconductor-related sector, subsidies also added support to domestic demand in June. In terms of major industries, industrial machinery exceeded 24.0 billion yen for the first time in three months. Motor vehicles exceeded 10 billion yen for the fourth consecutive month, and 10 out of the 11 industries showed MoM increases. Nine of the 11 industries increased YoY.
Foreign demand increased YoY for the 20th consecutive month, but decreased MoM for the first time in two months, falling below 100 billion for the first time in four months. However, the level of orders still remained high. By region, in the three major regions, orders in Europe and North America decreased from the previous month, while those in Asia increased. In Asia, China and the rest of East Asia showed a sustained high level of orders. In Europe, there were cancellations, and in North America, orders declined MoM due to a rebound from large orders in the previous month, but orders in June remained steady.
The amount of orders received in June remained at a high level. At the same time, however, risk factors such as the effects of yen depreciation, inflation, and the trend of interest rate hikes in the U.S. and Europe have been noted, and the impact on capital investment and other future trends need to be closely monitored.
| Amount (million yen) | MoM change (%) | YoY change (%) | |
| Total Orders | 154,711 | 100.9 | 117.1 |
| Domestic total | 58,652 | 118.5 | 131.3 |
| Industrial Machinery | 24,680 | 123.7 | 146.3 |
| Motor Vehicles | 12,162 | 106.7 | 115.1 |
| Electrical & Precision Machinery | 8,028 | 115.0 | 124.6 |
| Aircraft/Shipbuilding/Transport equipment | 1,808 | 112.8 | 219.2 |
| Foreign total | 96,059 | 92.5 | 109.9 |
| Asia | 51,605 | 106.8 | 119.8 |
| Europe | 15,100 | 73.6 | 83.2 |
| North America | 27,220 | 82.4 | 111.3 |
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
April 2o22: April MT orders, minimal impact from risk factors
May 2022: May MT orders, 3 new records for foreign demand
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