Market demand rebounded, metal processing machine tool imports continued to increase in price

From January to May 2010, China imported a total of 40,747 metal processing machine tools, an increase of 54.5% from 26,378 units in the same period of 2009; the cumulative import value was approximately 3.128 billion US dollars, an increase of 25.8% over the same period of 2009 of 2.486 billion US dollars.

In May, the import volume of metal processing machine tools in China showed a slight decrease from the previous month, and continued to increase substantially year-on-year. It shows that the overall demand of the market is constantly picking up, and the demand for machine tools in the downstream industries is relatively strong, and the investment in fixed assets is increasing. The unit price of metal processing machine tools continued to decline this month, which is due to the large overall import volume, and the demand for various grades of machine tools, including low-end machine tools, has increased. Another main reason is that in 2009, imported machine tools from Germany, Italy, France and other countries were mainly high-end, resulting in a substantial increase in the average unit price, reaching $295,000. The number of machine tools imported from Europe this year has dropped significantly, affecting the average unit price of imported machine tools. However, compared with 2008, the average unit price has improved. From the overall trend, China's demand for medium and high-end metal processing machines is still more than low-end machine tools.

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