Latest posts by Adrian Lloyd (see all)
- COVID-19 – How Much Will Manufacturing Output Contract in 2020? - May 14, 2020
- Manufacturing Industry Output (MIO) Tracker - May 8, 2020
- China Manufacturing Output in 2020 Amidst a Global Pandemic – Chasing the Forecast - April 3, 2020
- COVID-19 – How Will Global Manufacturing Output be Impacted? - March 27, 2020
The Manufacturing Industry Output (MIO) Tracker offers the most complete and unified analysis of the manufacturing industry globally. It quantifies the total value of manufacturing production with deep granularity for over 35 industries and machinery sectors, across 36 countries; presenting 10+ years of historical data alongside a credible five-year forecast.
The below infographic demonstrates some of the key regional findings from our most recent quarterly update, published in January 2020.
The infographic is also available to download in PDF here.
- MIO manufacturing production accounted for 50.2% of global GDP (USD) in 2019.
- The Tri-regional 5 year usd fixed CAGR’s are: Americas 1.7%, Asia 2.5% and Europe 2.4%.
- The 5-year CAGR for 2019-24 for the MIO as a whole was +2.61%, this is 0.3% higher than the period 2013-18 which had a CAGR of 2.31%.
- China is the largest region of the MIO, it contributed 47.5% of the total value of production to the MIO in 2019, comparatively Latvia is the smallest region in the MIO comprising just 0.02% of the total value in 2019.
- China dominates global production, it accounts for 69% of textile production, 68% of aggregate production and 73% of metallurgy machinery.
- China’s 5-year CAGR is 2.9%. This is 0.3% higher than the total MIO CAGR however the extent of the coronavirus effects could have significant long term effects on the Chinese and global economy.
- China’s fastest growing machinery sector is it’s Semiconductors & Electronics Machinery sector which has a CAGR 11.5% higher and the 12-year average for all regions.
- The USA has the highest nominal GDP of all MIO regions and ranks 2nd in MIO production value.
- The USA accounts for 40.2% of global aerospace production and 19.5% of global HVAC production, the largest and second largest contributors to these sectors respectively.