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[tungsten Summit] the tool market in South China has initially formed an industry focusing on both production and trade.
Jul 15,2020 15:17CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 15: today, Zhu Haibing, Director of Dongguan NC tool Industry Association, brought a speech on the theme of "South China tool industry status and future prospects" at the "China Tungsten Industry Market and Application Summit Forum and China cemented Carbide Market Application Seminar", mainly around the development of China's tool market in 2019, the current situation of South China tool industry in 2019, South China tool market pattern, industry characteristics and so on.

In 2017, China's tool industry grew rapidly. With the ups and downs of 3C industry and the gradual decline of automobile industry, the growth of tool consumption slowed down from the second half of 2018. In 2019, the tool industry showed negative growth and gradually declined.

The export of cutting tools in 2019 was 18.4 billion yuan, an increase of 6.92% over the same period in 2018.

The import of cutting tools in 2019 was 11.1 billion yuan, which was 4.4% lower than that in 2018.

Changes in China's tool Import and Export in 2019

The import of cutting tools in 2019 was 11.1 billion yuan, which was lower than that in 2018, and the overall trend was upward.

Changes in China's tool imports from 2005 to 2019

The tool export in 2019 is 18.4 billion yuan, which is higher than that in 2018, and the overall trend is upward.

Changes in China's tool exports from 2006 to 2019

Changes in import and export of cutting tools in 2019 main varieties and price differences of import and export

Main varieties of tool export

Drill bit (7.4 billion yuan), circular saw blade (5.2 billion yuan), exchange tool (2.2 billion yuan), milling cutter (1.4 billion yuan), blade (1.5 billion yuan), tapping tool (730 million yuan), super hard exchange tool (470 million yuan), super hard hole cutting tool (340 million yuan), band saw blade (280 million yuan).

The main kinds of tools imported are blades (4.8 billion yuan), drills (1.86 billion yuan), milling cutters (1.36 billion yuan), tapping tools (900 million yuan), interchangeable tools (540 million yuan), super hard interchangeable tools (360 million yuan), boring reamers (410 million), band saw blades (260 million). In 2019, the import value of cemented carbide blades is 4.4 billion yuan, which is 3.4 times the export value (1.3 billion yuan).

Import and export price difference

For the same commodity code, the price of imported tools is much higher than that of exports. It can be seen that domestic product upgrading still has a long way to go, on the other hand, it also shows that the localization of tools has great potential.

Consumption scale of tool market in South China

 

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