In 2013, the price index of China's machinery products remained low; the accumulative investment growth stabilized, and the fluctuations in November were relatively large; the growth rate of imports and exports was still lower than the national foreign trade. China Machinery Industry Federation predicts that the overall demand for the machinery industry will remain tight in 2014, and the development of the industry will remain the main tone of “smoothnessâ€.
China's machinery industry maintained steady growth in 2013 In the fourth quarter of 2013, the growth rate of China's machinery industry's added value has been higher than the national industrial growth rate for three consecutive months. From January to November, the growth rate of the value added of China's machinery industry was nearly 11%, which was higher than the one hundred points of the national industry, of which nearly 11% was in November and 3.9 percentage points higher than the national industry.
China Food Machinery and Equipment Network was informed by the China National Machinery Industry Federation that in 2013 China's machinery product price index was still hovering low. From January 2012 to November 2013, the monthly price index and accumulated price index of the machinery industry have been below 100% for 22 consecutive months. In November 2013, the price index of China's machinery industry was 98.8%, which was 0.2% higher than in October; it was 98.6% in the first 11 months of 2013, which was the same as the previous 10 months.
It is worth noting that the growth rate of China's machinery industry import and export is still lower than the national foreign trade. From January to October 2013, the total import and export volume of the machinery industry increased by 1.88% year-on-year, an increase of 0.9 percentage points from the previous nine months. Compared with the national foreign trade, the import and export growth rate of China's machinery industry in the first 10 months was 1.88%, which was lower than the national foreign trade of 5.72%.
Affected by the drop in imports, the trade surplus continued to expand. From January to October in 2013, the cumulative trade surplus of the machinery industry was US$59.36 billion (US$53.99 billion last year), and the surplus grew rapidly. Among them, agricultural machinery, engineering, file management, petrochemicals, heavy-duty, electrician, and mechanical basics accounted for a total of 97.821 billion U.S. surpluses, and the deficits of internal combustion engines, instrumentation, heavy-duty, food packaging machinery, automobiles, and other six industries totaled 38.463 billion U.S. dollars. .
Maintain the main tone of stability in 2014 The China Machinery Industry Federation predicts that the overall demand for China's machinery industry will remain tight this year and the development of the entire industry will remain stable.
Looking at the economic environment, China will continue to implement proactive fiscal policies and sound monetary policies in 2014, and continue to adjust its industrial structure with the use of forceful mechanisms. Mechanical industry operations will still face weak domestic and foreign demand, and the pressure on industry growth will remain high. However, considering the continuity and stability of the policy, in 2014, the economic operation of the machinery industry still has the basic conditions for maintaining overall stability, and the overall trend of smooth operation in 2013 will continue. At the same time, the further advancement of industrialization, informationization, urbanization, and agricultural modernization will create new consumption and investment needs and expand the international and domestic market space.
From the perspective of the machinery industry itself, favorable and unfavorable factors affecting its development coexist.
Advantageous factors: The increase in financial expenses and interest expenses therefor has significantly declined, and the macroeconomic environment of the company has improved, which is conducive to corporate control of financial costs. Although the increase in accounts receivable is still greater than the increase in sales during the same period, it has stabilized and stabilized. This shows that although the recovery of payment is still difficult, the risk of excessive growth is being controlled. The increase in inventory (especially finished goods inventory) is less than the increase in sales during the same period and has dropped to a relatively low level, indicating that "de-stocking" has achieved significant results. This creates conditions for the recovery of the machinery industry in the future.
Unfavorable factors: Domestic demand is still insufficient. This year's product price index has been sluggish. Although the cumulative number of orders from key January-October companies increased, the increase was only 8.58%, indicating that the domestic market was weak. The export situation is not optimistic and the overall situation remains weak. The total export growth from January to October was only 4.62%. Due to the weakening effect of investment pulling, heavy machinery, engineering, machine tools and other industries will still face the situation of weak market demand, and the pattern driven by more auto industry has not changed.
It is expected that in 2014, the sub-sectors of conventional power generation equipment, metallurgical and mining equipment, heavy machinery, and general machine tools in the machinery industry will continue to be in a weak state of demand; demand for high-end machine tools, robots, and automatic production lines will rise; the construction machinery market will recover. From the ups and downs gradually return to normal; the growth rate of the production and sales of automobiles and agricultural machinery will gradually decline, but the large-scale high-end agricultural machinery products market will remain prosperous.
China's machinery industry maintained steady growth in 2013 In the fourth quarter of 2013, the growth rate of China's machinery industry's added value has been higher than the national industrial growth rate for three consecutive months. From January to November, the growth rate of the value added of China's machinery industry was nearly 11%, which was higher than the one hundred points of the national industry, of which nearly 11% was in November and 3.9 percentage points higher than the national industry.
China Food Machinery and Equipment Network was informed by the China National Machinery Industry Federation that in 2013 China's machinery product price index was still hovering low. From January 2012 to November 2013, the monthly price index and accumulated price index of the machinery industry have been below 100% for 22 consecutive months. In November 2013, the price index of China's machinery industry was 98.8%, which was 0.2% higher than in October; it was 98.6% in the first 11 months of 2013, which was the same as the previous 10 months.
It is worth noting that the growth rate of China's machinery industry import and export is still lower than the national foreign trade. From January to October 2013, the total import and export volume of the machinery industry increased by 1.88% year-on-year, an increase of 0.9 percentage points from the previous nine months. Compared with the national foreign trade, the import and export growth rate of China's machinery industry in the first 10 months was 1.88%, which was lower than the national foreign trade of 5.72%.
Affected by the drop in imports, the trade surplus continued to expand. From January to October in 2013, the cumulative trade surplus of the machinery industry was US$59.36 billion (US$53.99 billion last year), and the surplus grew rapidly. Among them, agricultural machinery, engineering, file management, petrochemicals, heavy-duty, electrician, and mechanical basics accounted for a total of 97.821 billion U.S. surpluses, and the deficits of internal combustion engines, instrumentation, heavy-duty, food packaging machinery, automobiles, and other six industries totaled 38.463 billion U.S. dollars. .
Maintain the main tone of stability in 2014 The China Machinery Industry Federation predicts that the overall demand for China's machinery industry will remain tight this year and the development of the entire industry will remain stable.
Looking at the economic environment, China will continue to implement proactive fiscal policies and sound monetary policies in 2014, and continue to adjust its industrial structure with the use of forceful mechanisms. Mechanical industry operations will still face weak domestic and foreign demand, and the pressure on industry growth will remain high. However, considering the continuity and stability of the policy, in 2014, the economic operation of the machinery industry still has the basic conditions for maintaining overall stability, and the overall trend of smooth operation in 2013 will continue. At the same time, the further advancement of industrialization, informationization, urbanization, and agricultural modernization will create new consumption and investment needs and expand the international and domestic market space.
From the perspective of the machinery industry itself, favorable and unfavorable factors affecting its development coexist.
Advantageous factors: The increase in financial expenses and interest expenses therefor has significantly declined, and the macroeconomic environment of the company has improved, which is conducive to corporate control of financial costs. Although the increase in accounts receivable is still greater than the increase in sales during the same period, it has stabilized and stabilized. This shows that although the recovery of payment is still difficult, the risk of excessive growth is being controlled. The increase in inventory (especially finished goods inventory) is less than the increase in sales during the same period and has dropped to a relatively low level, indicating that "de-stocking" has achieved significant results. This creates conditions for the recovery of the machinery industry in the future.
Unfavorable factors: Domestic demand is still insufficient. This year's product price index has been sluggish. Although the cumulative number of orders from key January-October companies increased, the increase was only 8.58%, indicating that the domestic market was weak. The export situation is not optimistic and the overall situation remains weak. The total export growth from January to October was only 4.62%. Due to the weakening effect of investment pulling, heavy machinery, engineering, machine tools and other industries will still face the situation of weak market demand, and the pattern driven by more auto industry has not changed.
It is expected that in 2014, the sub-sectors of conventional power generation equipment, metallurgical and mining equipment, heavy machinery, and general machine tools in the machinery industry will continue to be in a weak state of demand; demand for high-end machine tools, robots, and automatic production lines will rise; the construction machinery market will recover. From the ups and downs gradually return to normal; the growth rate of the production and sales of automobiles and agricultural machinery will gradually decline, but the large-scale high-end agricultural machinery products market will remain prosperous.
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