China become the uncontested leading market in Germany report ...

From the Germany report of VDM,The decreases amounted to 12% for foreign orders and 17% for domestic demand, whereby the latter had previously increased disproportionately in the entire year 2009.But for the Export keep a high level,China become the uncontested leading market.More

Slowdown due to global economic crisis

Overall order activity in the cutting and forming technology sectors continued at a comparable pace. That said, the manufacturers of metal forming machine tools suffered far greater losses in incoming orders from within Germany, while remaining much more stable in terms of export business.

Up until September 2008, it would have been fair to have spoken of a cyclical relaxation in demand (still with an overall increase of 5%), stagnation in domestic orders and dampened further growth in incoming orders from abroad.

The negative effects of this thoroughly predictable course of events coincided with the financial crisis that ravaged the real economy with tremendous speed and were dramatically amplified in unprecedented ways. The expression ?state of shock? most aptly describes the situation in the 4th quarter of 2008: there was hardly a niche anywhere ? much less an entire customer segment or even a geoeconomic region ? that was able to apply any counterweight to compensate for the sudden collapse in demand for investment goods. The international scope of the ncertainty covering the widest spectrum of customers ever was without precedent. Machine tool order intake also foundered in all of the other countries where Germany?s major competitors are located; production projections for 2009 were consistently revised sharply downward.

Like production activities, of course, exports had also benefited from the high level of incoming orders in the sector for quite some time. By comparison with the previous year (+10%), exports increased by 6% to a volume of EUR 8.2 billion
in 2008 while domestic consumption grew by another 19% after a +31% increase in 2007. With a full EUR 8.7 billion, the capacity of the German market to absorb product thus spectacularly exceeded the value of exports by more than EUR 500 million.

Exports stagnating at a very high level

With exports to the EU-27 countries stagnating at a very high level and deliveries to the ?Rest of Europe? surging by 18%, the industry continued to profit both from the need in the established industrial nations of Western Europe and from the expanding demand from Central and Eastern Europe. The value of German machinery shipped to Russia alone increased by more than 23%.

Exports to the USA grew by 10%, the accounts of the automotive sites in Mexico showed a 12% increase in demand, and Brazil posted a full 36% growth. India maintained the massively higher level of the previous year (increased by a
factor of 1.5), and China ? the uncontested leading market ? absorbed German machine tool exports valued at around EUR 1.2 billion, growing by 21% and therefore alone representing a 14% share of the total export volume.

Braking effects were indicated in the German machine tool import segment: although it grew by a total of 11% in 2008, it had achieved a 29% increase in the previous year ? and with a disproportionately high participation by Japanese, South Korean, Taiwanese and even Chinese competitors who are able to deliver with short lead times. A turntable effect must be taken into account regularly here ? that is to say, the re-export business of the machinery trade. As the most significant importer, Switzerland posted an import volume of EUR 1.1 billion, which was 2.3 times greater than the result of the second ranking country of origin, Japan.

Amongst the ranks of major European suppliers, the gains were posted (in descending order of volume) by Italy (+30%), the Czech Republic (+33%), Austria (+26%), Great Britain (+16%) and Spain (+17%). In the case of Switzerland, the Czech Republic or Poland, the topic of relevant supply link ups between leading German companies and their foreign subsidiaries was also of interest in connection with statements below on the current reporting year 2009.

Recorded as an average of around 70,800 employees, staffing levels in 2008 were barely 7% above the level of the previous year. The industry generally continued to approach recruitment cautiously, and utilisation peaks were largely covered by more flexible working time regulations and temporary employment. Capacity utilization rose to just below 95% on average, and the order backlog increased to nearly 9 months. That order buffer, which in the autumn of 2008 ranged from 13 to 15 months for grinding and gear cutting technologies that primarily involve special customised machinery, served as a ?lifeboat? for the course of business in 2009 when the global economic crisis hit in October of that year and follow-up orders dried up.

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