Die-casting machines: stagnation at a low level
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In the course of 2021, world exports of die-casting and low pressure die-casting machines stagnated at a low level, having slumped by over 25 per cent in the previous year due to the pandemic. According to preliminary estimates, these amounted to a total value of 675 million euros.
The development of exports from the CEMAFON countries also follows this pattern. The average value remained at a comparatively low 251 million euros.
Last year, among the 10 most important supplier countries, only China recorded growth. Exports from the country increased by almost 17 per cent to 146 million euros. Exports from Japan, Italy, Germany and Switzerland, on the other hand, remained at the previous year's level. US exports declined for the second time in a row (minus 34 per cent). Japan, however, remains the world's largest exporter in 2021 with exports worth just under 157 million euros.
Market share of CEMAFON countries at 37 percent
The value of the equipment exported by CEMAFON die-casting and low pressure diecasting machine manufacturers totalled 251 million euros in 2021. This puts their share of the global market at around 37 percent.
From the perspective of the CEMAFON manufacturers, particularly, investments in the USA and Asia declined last year. While the share of exports to EU27 countries increased by 2 percent and to Latin American countries by 5 percent compared to the previous year, the export shares towards the USA decreased by 3 percent and towards Asia by 5 percent.
Further aggravation due to war in Ukraine
The so far complex situation in the value chains which impacts the investment behaviour of the foundries (especially as well the non-ferrous metal foundries) has been further aggravated in recent months by the war in Ukraine. Market shifts in the automotive industry - both geographically and technologically - are encountering corona-related and structural supply bottlenecks, which affect the foundry machinery industry and its customer sectors equally, as well as the increased raw material and energy prices.
The EU Commission's business survey confirms that material and equipment shortages will continue to hamper production in many industrial companies in the second quarter of 2022, especially in the mechanical engineering sector. In summary, the war in Ukraine, disrupted supply chains, the Corona pandemic and higher inflation rates are the main downside risks to current forecasts.
“Despite the satisfactory order situation, die-casting technology manufacturers cannot escape these risks. In the medium and long term, however, further opportunities for CEMAFON manufacturers will arise from the global goals for decarbonisation of the entire casting ecosystem”, commented Dr. Timo Würz, General Secretary of CEMAFON.
Source: CEMAFON
