Both Taiwan's machinery export and machine-tool export in September missed growths expected by industry executives probably due to lagging shipments, according to president of the Taiwan Association of Machinery Industry (TAMI), J.C. Wang.
In September, the island shipped US$1.65 billion of machinery of various types and US$319 million of machine tools, increasing 4.5% and 14.5%, respectively, year on year.
September shipments of the island's machinery industry as a whole and machine-tool industry should be around US$1.8 billion and US$350 million as in May, June, July and August, and that the lower-than-expected growth was related to the order-to-delivery time lag, said Wang.
More and more foreign buyers do not specify delivery dates after placing orders to haggle over prices with Taiwan's competitors from Japan and South Korea who presumably would undersell, as well as the steep devaluation of the Japanese yen and the South Korean won against the U.S. dollar, said Wang.
However, Wang believes Taiwan's machinery exports to rebound through the US$1.8 billion benchmark in October and likely rise 10% by the end of this year, to over NT$1 trillion (US$33.3 billion), also projecting a 5-7% growth goal for the island's machine-tool industry by the end of this year.
In the first nine months this year, Taiwan shipped US$15.5 billion of machinery overall, up 8.7% YoY in terms of New Taiwan Dollar, with some US$2.8 billion of machine tools shipped, up 6.6% YoY.
China was the largest export destination for Taiwan's machinery Jan.-Sept., absorbing US$4.1 billion of shipments from Taiwan, up 1.3% year on year. America came next, absorbing US$2.8 billion, up 13.9% YoY. Japan was No. 3 to absorb US$931 million, up 10.5% year on year.
Source:
http://www.cens.com/cens/html/en/news/news_inner_47283.html
