Wednesday, August 21, 2013

[KMTI] 2012 Scoreboard : Orders

Order Receipt Down 19%

Domestic receipt of orders for machine tools by KOMMA member companies recorded about 3.50 trillion won in 2012, down 19% year-on-year, reporting less than 4 trillion won for the first time in two years.

Domestic demand orders in 2012 fell 27.8% year-on-year to about 1.73 trillion won and their ratio in total orders also declined to 49.3% from 50% a year earlier.

Also by month, domestic demand orders fell for the 15th consecutive month since October 2011 due to a contraction of domestic manufacturing facility investment and base effects from the previous year's results.

In particular, domestic orders in December 2012 posted 99.9 billion won, less than the 100 billion-won level, the most sluggish performance since August 2009.

Export orders in 2012 decreased 8.1% year-on-year to about 1.78 trillion won and their ratio in total orders accounted for 50.7%. Owing to orders from the United States and China and project-type overseas orders won by some companies, however, the rate of decline stayed at a single digit level.

By item, orders in 2012 decreased year-on-year for NC cutting machines (2.85 trillion won, -22.2%) and general-purpose cutting machines (169 billion. won, -10.9%), but a slight increase was witnessed for forming machines (483.5 bilion won, 2.5%).

Among the NC cutting machines, orders fell for both NC lathes (1.13 trillion won, -33.2%) and machining centers (1.29 trillion won, -5.3%). Orders for NC lathes, in particular, decreased remarkably due to a slowdown in both overseas orders and domestic demand.

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