FOCUS ON MACHINE TOOLS overseas orders , we expect a growth scenario for MT exports , and our initial forecast indicates around 9 % of growth in 2022 . Due to high expectations for MT consumption growth in Europe , MT imports are expected to grow slightly faster , at around 12 % in 2022 ,” it continued .
Growth expectations for 2022 are also supported by strong new orders over the first period of the year . The preliminary CECIMO8 total orders index * for the first quarter of 2022 was up 25 % compared to the previous quarter and 14 % compared to the same period last year . The total order index “ has reached an all-time high ”, it told ISMR .
“ Despite the difficulties faced by the global industry , we expect stable orders levels in 2022 . However , as representatives of MT builders , our members discussed the challenges posed by the question of transitioning from ICE to EV production , which would have a significant impact on manufacturers ,” it added .
Challenges and investments
Dr . -Ing . Heinz-Jürgen Prokop , President of CECIMO .
Recent pandemic-related lockdowns In Asia caused European manufacturers to face new supply chain bottlenecks .
“ While CECIMO manufacturers are experiencing very high order levels , supply issues are causing an increase in order backlog . However , at this time , we are seeing an easing of pandemic measures , especially in China , and we expect that supply issues will decrease by the end of the year . Beyond supply chain disruptions , rising energy prices and inflationary pressures , the lack of skilled labour continues to undermine the competitiveness of our sector and requires new strategies ,” explained CECIMO .
In line with that , Dr . -Ing . Heinz-Jürgen Prokop , CECIMO President , during the GA meetings highlighted : “… to maintain our competitiveness and global leadership , European manufacturers , more than ever , need a coordinated approach with policymakers to address the skills shortages and develop new strategies to build more resilient supply chains .”
In view of the current macroeconomic issues , CECIMO ’ s special guest , Ivan McKee , ( Minister for Business , Trade , Tourism and Enterprise , Scottish Government ), underlined in his keynote speech that : “ Manufacturers in Scotland , and across the world , have faced unprecedented challenges in recent times . In facing these challenges , it is absolutely vital that we come together as a manufacturing community , and I warmly welcome the
collaborative spirit at the heart of CECIMO ’ s work . They recognise our desire to support our manufacturers to seize the opportunities provided by the markets of the future .
“ That is why we are supporting the sector through initiatives such as our £ 75-million investment in the National Manufacturing Institute Scotland ( NMIS ) and our recently launched Low Carbon Manufacturing Challenge Fund ( LCMCF ),” he continued .
Ivan McKee , Minister for Business , Trade , Tourism and Enterprise , Scottish Government .
Policy debates
2022 CECIMO Spring Meetings on 13 June 2022 placed the spotlight on ‘ Shaping the Future of Manufacturing ’, as part of the main conference . High-level guests from business and politics gathered to discuss the impact of digital transformation
CECIMO has released a new Economic and Statistical Toolbox looking at data for the first quarter of 2022 . The statistical toolbox includes the main economic trends affecting the machine tool industry and related manufacturing technologies . It retrieves data on production ; trade ; consumption ; orders and more for machine tools and industrial goods in general .
“ The first period of 2022 shows further positive trends in the recovery of Europe ’ s machine tool ( MT ) industry , with orders reaching record levels . In line with that , the Industrial Production Index ( IPI ) shows a further improvement in Q1 2022 in the European Union ( EU ) as well as in the eurozone . Looking ahead , challenges such as supply chain disruptions caused by potential new lockdowns in China and the Russian war in Ukraine could slow production growth in the following quarters . However , strong demand in the first quarter and the backlog of orders from last year , which can be observed in many sectors , should hold the production index steady over the next period ,” commented CECIMO .
“ Looking at the performance of the European machine tool industry , new orders in Q1 2022 showed impressive improvement over the same period last year . CECIMO8 ’ s foreign orders increased by 29 %, while domestic orders increased by 19 % over the same period last year . As a result , CECIMO8 ’ s total orders index was 26 % above the same period last year and has reached record levels ,” it added . on the industry , highlighting the challenges and opportunities that this transition brings to businesses operating in the manufacturing sector .
A dominant theme during the conference was the importance of deeper cooperation between industry players and policymakers in a sector that innovates at a faster pace than ever .
“ Understanding and anticipating how pioneering technologies , innovative business models and new partnerships are transforming businesses and governments is of paramount importance for the future of our sector . Speakers also highlighted the importance of supporting SMEs in adopting new technologies to ensure a seamless transition towards a digital and green economy ,” explained CECIMO .
Digital Transformation is changing the economy ; remodelling business activities ; transforming the world of work and affecting common daily activities . Chairman of CECIMO Communication and Advocacy Committee ,
Economic and statistical toolbox
The latest estimates show that global MT production grew by 19.7 % in 2021 , while production growth in CECIMO countries was slightly slower , at around 11.6 %. CECIMO ’ s MT production is expected to grow by about 12 % in 2022 . The latest Oxford Economic forecast ( April 2022 ) shows that CECIMO MT consumption is expected to grow by approximately 19 % in 2022 and 11 % in 2023 . In total , MT consumption is expected to increase from around 15.1- billion euros in 2021 to around 17.9 billion euros in 2022 and reach pre-pandemic levels in 2023 . According to initial estimates , CECIMO total MT exports are expected to increase by about
9 % in 2022 , while total MT imports are expected to increase a bit faster ( 12 %).
TOOLBOX