Machinery Universal Parts increased by only 6.4%

In 2012, China's general mechanical parts industry “has encountered the most severe challenges since the financial crisis” and “the worst economic operation in recent years”.

According to data released by China General Machinery Components Industry Association, last year, the total production value of the machinery parts and components industry increased by only 6.4% year-on-year, down from 12.1% in 2008, setting a new low in recent years. The two sub-sectors of fasteners and powder metallurgy even saw a negative growth of -1.5% to -2%.

According to the data released by the China General Machinery Components Industry Association, the total value of the mechanical parts and components industry in 2012 was 322.2 billion yuan, an increase of only 6.4% year-on-year.

According to reports, the total output value of mechanical parts and components industry has maintained a double-digit growth rate since 2006. Its growth rate in 2007 was 27.6%, the highest value in recent years, and the growth rate between 2009 and 2011. They were 14.8%, 21%, and 21.8%, respectively. In 2008, when the financial crisis broke out, the lowest value of 12.1% occurred in recent years, but the rate still maintained double-digit growth.

The year-on-year growth rate of 6.4% of the total output value of mechanical parts and components industry was even lower than 12.1% in 2008. This is the first single-digit increase in recent years. “It can be seen from the growth rate of the economic development of the industry in recent years. The economic performance in 2012 was the worst year."

It is reported that last year's four-quarter year-on-year growth rate of mechanical parts and components industry was 8.6%, 4.2%, 6.8%, and 6.4%, respectively. "The trend of the industry development is in the narrow trend of slow growth."

The China General Mechanical Components Industry Association stated that the development of the industry in 2012 has encountered the most difficult period in recent years. Compared with the global financial crisis in 2008, the problems encountered by industry enterprises are even more serious.

At the same time, under the severe and sluggish development situation both at home and abroad, on the one hand, the capital investment for enterprise development has increased dramatically; on the one hand, the company’s profits have been drastically reduced; in addition, fasteners have suffered a large area of ​​international trade protection, resulting in a range of product exports. It has also been greatly reduced; "a lack of orders," "transformation and upgrading," "product optimization," "green manufacturing," "shortage of funds," and "labor loss," and a series of intractable problems in 2012 in time and space. The nodes are grouped together.

China General Machinery Parts Industry Association also said that last year's gear output value reached 1950 billion yuan, an increase of 9.5%; gear exports are also relatively strong, for 45.43 billion US dollars, an increase rate of 18.3%; chain, spring and drive coupling three The sub-industries basically grew at a rate of 8%; however, the fasteners and powder metallurgy divisions showed negative growth, with a year-on-year increase of -1.5% to -2%.

China General Machinery Components Industry Association analyzed that there was negative growth in the fasteners and powder metallurgy sub-sectors. The main reason was the lack of market demand, especially after the fasteners suffered international anti-dumping, the export sales volume declined.

According to customs statistics, last year, the total import and export volume of machinery parts and components industry was 28.196 billion U.S. dollars, up 2.75% year-on-year; of this, the value of imports was 16.663 billion U.S. dollars, a year-on-year negative growth of -1.7%; the value of exports was 11.563 billion U.S. dollars, year-on-year. The increase was 9.94%.

However, it is worth noting that China General Machinery Parts Industry Association believes that the development of the industry has shifted from high-speed growth stage to a period of high quality and stable growth. "From the current analysis of the domestic and international outlook for the forecast of economic development in 2013, we believe that the industry development in 2013 should be better than 2012."