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The machine tools produced in Korea are mainly CNC lathes, followed by machining centers, and punching machines are the third largest products. The number of CNC lathes produced in 2012 was 13.40 billion won, down 8.6% year-on-year. The output value of the processing center was 11.36 billion won, an increase of 38.1%, and the press showed a 12.4% decline.
Korean machine tool users are involved in seven major industries: the main users are the automotive industry, accounting for 38.2%, general machinery (15.9%), metal products (10.3%), black and non-ferrous metals (8.5%), electrical and electronic (7.7%), shipbuilding And aerospace (4.6%), precision machinery (2.2%), the total demand for other industries accounted for 12.5%. In 2012, demand in the seven major industries fell by double digits. The smallest decline was for the automotive industry, and the largest was precision machinery.
In 2012, South Korea's machine tool orders were 35.04 billion won, down 19.0% year-on-year; domestic orders accounted for 49.3%, down 27.8%, and foreign orders accounted for 50.7%, down 8.1%. The fluctuation of orders is large for CNC lathes. The trend of machining centers and punching machines is basically the same. The three major categories of products all reached the highest peak in the second quarter and gradually declined in the second half.
Korean machine tools have entered the first echelon of the world's top four from fast followers and have begun to promote the new manufacturing economy through creative innovation.
Abstract In 2012, the output value of Korean machine tools reached US$5.71 billion, accounting for 6.1% of the world's machine tool output, down 0.9% year-on-year, making it the fourth largest machine tool producer after China and Japan. On the export side, South Korea still maintains its seventh position with an export value of US$2.55 billion...
In 2012, the output value of Korean machine tools reached US$5.71 billion, accounting for 6.1% of the world's machine tool output, down 0.9% year-on-year, making it the fourth largest machine tool producer after China and Japan. On the export side, South Korea still maintains its seventh position with an export value of US$2.55 billion, but achieved a high growth rate of 10.9%. South Korea is the fifth largest importer of machine tools. In 2012, it imported a total of 1.49 billion US dollars, down 16.7% year-on-year, making it the fifth largest importer. In terms of domestic machine tool consumption, Korean machine tool consumption was US$4.65 billion, down 11.4% year-on-year, and it is also the fifth largest machine tool consumer.