Downtrend for machinery in India

Weak investments also in that wide Asian market: as a matter of fact, according to the official import-export data for plastics and rubber machinery referred to the whole 2009, released in these days by the Indian statistics office, the sectoral import decreased by 13%, stopping at 830 million US$, whilst export by 24%, totalizing just 170 million.
Germany and China led by far the top suppliers of the Indian processors, representing, respectively, 22 and 20% out of the total. Germany gained 4.8% with respect to 2008 and sold in particular machinery form moulding and forming (almost 20 million dollars) and doubled the sales of blow moulding machines (just below 10 million) whilst those of injection moulding machines, that exceeded a 54 million peak in 2008, returned to the previous level, at around 10 million. China mainly provided miscellaneous machinery and equipment and moulds; on the other hand, injection moulding machines, which sales had recorded an exponential growth until 2008, with almost 40 million US$, stopped at 14.
Taiwan ranked third, with a 32% increase on 2008, confirming a steady growth. Similar positive trend of purchases from United States (ninth, with 3.8% out of the total and +4.8%) and Canada (tenth, with a 2.6% share and +45.8% over 2008).
Import from Italy (that was sixth) faced a 17% reduction but injection moulding machines and extruders showed an upturn (+18% and +9% respectively).