According to Spain's "21st Century Enterprise" semi-monthly news March 15, 2006: From 2003 to 2005, machine tool production in Japan, China, South Korea and Taiwan increased by 10%, from 36.7% of the world total to 47%. At present, the world machine tool industry is undergoing structural changes. Two of the most notable features are that the manufacturing and consumption of machine tools is shifting from the West to the East.
According to preliminary calculations, the total value of world machine tool production in 2005 was 51.855 billion US dollars, an increase of 13.6% over the 2004 figure of 45.627 billion US dollars. The output values ​​of the three countries and Taiwan mentioned above have soared from US$11.789 billion in 2002 to US$24.37 billion in 2005. Among them, Japan's output increased by 118.1%; China's 112.8%; Taiwan's 85.6%; South Korea's 77.4%. In 2005, Japan's machine tool output reached 13.259 billion US dollars, and its output accounted for a quarter of the world's total, surpassing Germany's ranking in the world. China's machine tool output has grown strongly. In 2005, its output value reached US$5 billion, surpassing Italy and ranking among the world's third largest machine tool producers. Most of its products are sold domestically. Taiwan has replaced the United States, and its machine tool production ranks fifth in the world. In 2005, its output value was 3.295 billion US dollars. South Korea has also surpassed Switzerland in seventh place, with a production value of $2.816 billion in 2005. Spain's machine tool production ranks ninth in the world. In 2005, its output value was 1.141 billion US dollars, with an annual growth rate of 11.9%, which is lower than the annual growth rate of 13.6% in the world's machine tool producing countries.
According to preliminary calculations, the total value of world machine tool production in 2005 was 51.855 billion US dollars, an increase of 13.6% over the 2004 figure of 45.627 billion US dollars. The output values ​​of the three countries and Taiwan mentioned above have soared from US$11.789 billion in 2002 to US$24.37 billion in 2005. Among them, Japan's output increased by 118.1%; China's 112.8%; Taiwan's 85.6%; South Korea's 77.4%. In 2005, Japan's machine tool output reached 13.259 billion US dollars, and its output accounted for a quarter of the world's total, surpassing Germany's ranking in the world. China's machine tool output has grown strongly. In 2005, its output value reached US$5 billion, surpassing Italy and ranking among the world's third largest machine tool producers. Most of its products are sold domestically. Taiwan has replaced the United States, and its machine tool production ranks fifth in the world. In 2005, its output value was 3.295 billion US dollars. South Korea has also surpassed Switzerland in seventh place, with a production value of $2.816 billion in 2005. Spain's machine tool production ranks ninth in the world. In 2005, its output value was 1.141 billion US dollars, with an annual growth rate of 11.9%, which is lower than the annual growth rate of 13.6% in the world's machine tool producing countries.
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