Cecimo, VDMA Europe sets export record for machine tools, Germany top supplier nation
European production expected to be little changed this year.
Europe’s machine tool builders said their exports totalled €18.8 billion in 2012, 9% more than the last record set in 2008. Germany remained the world’s largest single international supplier to the sector, according to the country’s engineering federation VDMA.
Cecimo, Europe’s association of machine tool builders, said it expects production this year to reach a level similar to the one in 2012, when output grew 6% to €22.2 billion.
The association noted that European machine tool producers are becoming increasingly dependent on exports, adding that it estimates European machine tool demand will be stable this year.
In Germany, the country’s exports of machine tools comprised 16.1% of all international trade in such goods, making the nation the world leader, according to the VDMA. It noted that global exports rose nearly 8% to some €931 million.
According to Cecimo, the deteriorating business confidence in Europe has been leaving its mark on machine tool demand: European machine tool consumption contracted about 2% in 2012 compared to the previous year, it said.