Japanese Cutting-Edge
Solutions for Metalworking
Japanese Cutting-Edge
Solutions for Metalworking
Statistic
May 25, 2023
The Japan Machine Tool Builders’ Association (JMTBA) announced the firm report of machine tool orders for April 2023. The total amount of orders received was 132.6 billion yen, down month-on-month (MoM) for the first time in two months and down year-on-year (YoY) for the fourth consecutive month. Total orders fell below 140 billion yen for the first time in two months, but exceeded 130 billion yen for the second consecutive month. Domestic demand showed a reactionary decline from the previous month’s fiscal year-end effect. Foreign demand declined MoM mainly in China and the U.S., but increased in India and Europe, and foreign orders as a whole remained at a high level. This was the 27th consecutive month in which orders exceeded 100 billion yen, and the 26th consecutive month in which orders exceeded 120 billion yen.
Domestic demand declined for the first time in two months MoM and for the eighth consecutive month YoY to 41.7 billion yen. While 8 out of 11 industries experienced MoM declines, reflecting the effect of the fiscal year-end, there was no significant decline in orders, with domestic orders exceeding 40 billion yen for the second consecutive month.
Among the four major industries, only “Aircraft/shipbuilding/transportation equipment” showed both MoM and YoY growth. Orders for “motor vehicles” and semiconductor-related sectors remained weak. Among “electrical & precision machinery”, orders for electrical machinery fell below 3 billion yen for the first time in 23 months, while orders for motor vehicles fell below 10 billion yen for the fourth consecutive month.
Foreign demand declined for the first time in two months MoM and for the fourth consecutive month YoY decline to 90.9 billion yen. However, the amount of orders received for foreign orders remained at a high level, exceeding 90 billion yen for two consecutive months.
Orders received by region were as follows: Orders from Asia exceeded 40 billion yen for the second consecutive month. Orders from China fell below 26 billion yen for the first time in three months as a reaction to large orders for electrical & precision machinery in the previous month, but large orders for electrical machinery were recorded in India. In Europe, orders exceeded 20 billion for the first time in three months. Although orders from the EU declined both MoM and YoY, those from Germany, Italy and other major countries remained at a solid level, while “Other Western Europe” such as the UK and Turkey showed a large increase this month. In North America, orders exceeded 25 billion yen for the second consecutive month, and the market remained in the flat range. Orders for motor vehicles and electrical & precision machinery decreased MoM, but there were large orders for aircraft.
| Amount (million yen) | MoM change (%) | YoY change (%) | |
| Total Orders | 132,688 | 94.1 | 85.6 |
| Domestic total | 41,723 | 84.5 | 78.5 |
| Industrial Machinery | 19,509 | 89.6 | 86.7 |
| Motor Vehicles | 8,081 | 91.8 | 61.7 |
| Electrical & Precision Machinery | 4,341 | 73.9 | 74.9 |
| Aircraft/Shipbuilding/Transport equipment | 1,973 | 107.7 | 180.8 |
| Foreign total | 90,965 | 99.3 | 89.3 |
| Asia | 41,116 | 98.6 | 85.8 |
| Europe | 20,776 | 105.1 | 100.4 |
| North America | 26,647 | 95.3 | 86.2 |
Japan MT orders for
December 13, 2024
November 29, 2024
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