According to the statistical data from Custom, China’s Import & Export total value on tooling is USD3,216,291,200 during Jan~Jun 2016, it dropped by 11.65% comparing to the same period of previous year. Among the total, importing value is USD960,107,800 (Most of them are precision, large, complicated, long life tooling)which dropped 23.5%, and exporting value is USD2,256,183,400 which dropped only 5.41%.
58% of the world’s tools were fabricated by the countries like Italy, German in Western Europe, and a great part of high end tools were built in USA, Japan etc, China and Asian countries only provides 10% of the worlds tools. There is still great potential for China to increase the tool exporting.
The design and fabrication lead time in Europe is faster than China by around 44% and 61%, but the cost is higher, so Chinese tooling still preferred by many tooling buyers.
The people who reported these numbers suggest local Chinese tool shops learn more advantage technologies and replace the machines with more state-of-the-art facilities, to increase quality and shorten the lead time, and develop middle-high level of tooling as China is losing the cost advantages gradually on lower level tooling. Die and tools in Eastern Europe and Indian etc are becoming more and more mature and cost effective. Chinese tool shops need to make more effort to win more market share.
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