Opportunities And Challenges Of Cutting Tools In China

As the trend of energy-based and high-precision technology continues to strengthen, the demand for CNC tool market will also become more diversified and high-end. In the future, the development of the CNC tool market will pay more attention to technological innovation, product upgrades and service quality improvements, which will bring more opportunities to CNC tool companies.

The CNC tool market will also face some challenges, such as fierce market competition, pressure on production costs, product quality and precision requirements, etc. Therefore, CNC tool companies need to strengthen their own technology research and development capabilities, improve product quality and precision, continuously expand the market, optimize the supply chain and service system to meet customer needs and market changes, so as to remain invincible in the competition.

China’s CNC Tool Import and Export Share in the First Half of 2023

Export: In the first half of 2023, the export value of cutting tools was 11.289 billion yuan, a year-on-year increase of 0.44%. Among them, the export of milling cutters was 934 million yuan and that of blades was 1.338 billion yuan. Coated inserts increased by 51.56% year-on-year, and the export unit price of milling cutters increased by 31.7% year-on-year.

Import: The import value of cutting tools was 4.335 billion yuan, a year-on-year decrease of 10.89%. Among them, the import of milling cutters was 493 million yuan.

The main export destinations of coated blades are: Russia 31.62%, Germany 15.54%, India 11.08%, the United States 6.10%, Turkey 5.54%, South Korea 4.21%, and Singapore 2.58%.

The main export destinations of non-coated blades are: Russia 23.33%, India 11.25%, Japan 9.68%, the United States 9.39%, Germany 8.88%, Singapore 7.86%, and Mexico 4.28%.

The export value was significantly greater than the import value, with exports increasing slightly and imports declining significantly. This shows that the quality of Chinese CNC tools is constantly improving and has been recognized by customers.

How to Better Serve Customers for CNC Cutting Tool Enterprises

Provide high-quality products: ensure that product performance and accuracy can meet customer needs, provide customers with personalized needs, and improve customer satisfaction.

Establish long-term cooperation with customers: establish long-term cooperative relationships with customers, establish close communication with customers, hand over customer demand feedback, continuously improve service quality, strengthen cooperation, increase stickiness, and develop together.

Continuous innovation: With the development of time, we must keep up with market changes and customer needs, develop new products and new technology suppliers that meet market needs, and enhance the company’s core competitiveness.

Continuously learn industry knowledge: strive to become customers’ technical consultants, help customers solve technical problems, and improve customers’ trust in the company.