Market and Competitive Analysis of Dicamba Industry in China in 2023
In recent years, the development of dicamba-tolerant crops and weeds' increasing resistance to competing products like glyphosate have directed more and more attention to dicamba. Development and promotion of dicamba-tolerant crops in the US and South America also indicate a promising future for dicamba products.
Amidst a fast-growing dicamba market around the globe, Chinese enterprises are also preparing to catch up with the trend. Currently, China is the world's largest producing country by capacity of dicamba technical. And it had been developing rapidly in China in the past few years but the growth slowed since 2018. In 2022–2023, the increase in global dicamba demand was driven by two main factors. Firstly, Bayer and BASF have launched dicamba drift-resistant additive to reduce drifting. Secondly, in the US, two dicamba products were newly registered and one extension of a dicamba product registration was approved in Oct. 2020. Dicamba is expected to have good market prospects in the future.
With the aim of helping investors dig out the business opportunities and avoid the risks in this promising market, this report presents information and data for the overall market of dicamba in China. Besides, the top three dicamba producers in China, which have been taking the lead in the industry development, have been selected for in-depth benchmarking analysis in the aspects of production, sales, cost, finance and so on.
Detailed information on the following aspects will be shown in this report:
Amidst a fast-growing dicamba market around the globe, Chinese enterprises are also preparing to catch up with the trend. Currently, China is the world's largest producing country by capacity of dicamba technical. And it had been developing rapidly in China in the past few years but the growth slowed since 2018. In 2022–2023, the increase in global dicamba demand was driven by two main factors. Firstly, Bayer and BASF have launched dicamba drift-resistant additive to reduce drifting. Secondly, in the US, two dicamba products were newly registered and one extension of a dicamba product registration was approved in Oct. 2020. Dicamba is expected to have good market prospects in the future.
With the aim of helping investors dig out the business opportunities and avoid the risks in this promising market, this report presents information and data for the overall market of dicamba in China. Besides, the top three dicamba producers in China, which have been taking the lead in the industry development, have been selected for in-depth benchmarking analysis in the aspects of production, sales, cost, finance and so on.
Detailed information on the following aspects will be shown in this report:
- Overview of the global dicamba market
- Overall development of China's dicamba industry
- Capacity and output of dicamba technical in China (2018–2022)
- Manufacturers of dicamba technical and their capacities and outputs in China (2022–H1 2023)
- Potential capacity of dicamba technical as of July 2023
- Analysis of dicamba exports from China (2018–Q1 2023)
- Consumption of dicamba in China by volume and application fields (2018–2022)
- Price trend of dicamba in China (2011–June 2023)
- Forecast on supply and demand of dicamba in China (2023–2027)
- Benchmarking research on the three major Chinese dicamba manufacturers
- Investment opportunities and suggestions
Contents Executive summary ..................................................................................................................
1INTRODUCTION AND METHODOLOGY
1 BRIEF INTRODUCTION TO GLOBAL DICAMBA MARKET
1.1Supply
1.2Demand
2 OVERALL SITUATION OF DICAMBA MARKET IN CHINA
2.1 Industry development in China
2.1.1 Brief introduction to dicamba industry
2.1.2 Production technology
2.1.3 Product registration
2.2 Supply of dicamba in China
2.2.1 Major raw materials
2.2.2 Capacity and output (2018–2022)
2.2.3 Producers (2022–H1 2023)
2.2.4 Potential capacity as of July 2023
2.3 Export (2018–Q1 2023)
2.3.1 By month
2.3.2 By destination
2.3.3 By exporter
2.4 Demand
2.4.1 Consumption volume (2018–2022)
2.4.2 Consumption pattern
2.5 Price
2.5.1 Historical price (2011–June 2023)
2.5.2 Influencing factors behind price trends .................................................................. 392.5.3 Future price trends
2.6 Forecast on supply and demand (2023–2027)
3 BENCHMARKING RESEARCH ON MAJOR PRODUCERS IN CHINA
3.1 Jiangsu Yangnong Chemical Co., Ltd
3.1.1 Basic information of the company
3.1.2 Key points in company history
3.1.3 Current ownership structure
3.1.4 Overall business performance
3.1.5 Marketing and sales mode
3.1.6 Commercial activity
3.1.7 Analysis of dicamba production costs
3.1.8 Financial analysis
3.1.9 SWOT analysis
3.2 Jiangsu Changqing Agrochemical Co., Ltd
3.2.1 Basic information of the company
3.2.2 Key points in company history
3.2.3 Current ownership structure
3.2.4 Overall business performance
3.2.5 Marketing and sales mode
3.2.6 Commercial activity
3.2.7 Analysis of dicamba production costs
3.2.8 Financial analysis
3.2.9 SWOT analysis ...........................................................................................................55 II
3.3 Shandong Sino-Agri United Biotechnology Co., Ltd
3.3.1 Basic information of the company
3.3.2 Key points in company history
3.3.3 Current ownership structure
3.3.4 Overall business performance
3.3.5 Marketing and sales mode
3.3.6 Commercial activity
3.3.7 Financial analysis
3.3.8 SWOT analysis
4 INVESTMENT OPPORTUNITIES AND SUGGESTIONS
1INTRODUCTION AND METHODOLOGY
1 BRIEF INTRODUCTION TO GLOBAL DICAMBA MARKET
1.1Supply
1.2Demand
2 OVERALL SITUATION OF DICAMBA MARKET IN CHINA
2.1 Industry development in China
2.1.1 Brief introduction to dicamba industry
2.1.2 Production technology
2.1.3 Product registration
2.2 Supply of dicamba in China
2.2.1 Major raw materials
2.2.2 Capacity and output (2018–2022)
2.2.3 Producers (2022–H1 2023)
2.2.4 Potential capacity as of July 2023
2.3 Export (2018–Q1 2023)
2.3.1 By month
2.3.2 By destination
2.3.3 By exporter
2.4 Demand
2.4.1 Consumption volume (2018–2022)
2.4.2 Consumption pattern
2.5 Price
2.5.1 Historical price (2011–June 2023)
2.5.2 Influencing factors behind price trends .................................................................. 392.5.3 Future price trends
2.6 Forecast on supply and demand (2023–2027)
3 BENCHMARKING RESEARCH ON MAJOR PRODUCERS IN CHINA
3.1 Jiangsu Yangnong Chemical Co., Ltd
3.1.1 Basic information of the company
3.1.2 Key points in company history
3.1.3 Current ownership structure
3.1.4 Overall business performance
3.1.5 Marketing and sales mode
3.1.6 Commercial activity
3.1.7 Analysis of dicamba production costs
3.1.8 Financial analysis
3.1.9 SWOT analysis
3.2 Jiangsu Changqing Agrochemical Co., Ltd
3.2.1 Basic information of the company
3.2.2 Key points in company history
3.2.3 Current ownership structure
3.2.4 Overall business performance
3.2.5 Marketing and sales mode
3.2.6 Commercial activity
3.2.7 Analysis of dicamba production costs
3.2.8 Financial analysis
3.2.9 SWOT analysis ...........................................................................................................55 II
3.3 Shandong Sino-Agri United Biotechnology Co., Ltd
3.3.1 Basic information of the company
3.3.2 Key points in company history
3.3.3 Current ownership structure
3.3.4 Overall business performance
3.3.5 Marketing and sales mode
3.3.6 Commercial activity
3.3.7 Financial analysis
3.3.8 SWOT analysis
4 INVESTMENT OPPORTUNITIES AND SUGGESTIONS
LIST OF TABLES
Table 1.1-1 Capacity and output of major producers of dicamba technical outside China
Table 2.1.1-1 Output of herbicides and dicamba technical in China, 2017–2022
Table 2.1.2-1 Comparison of techniques for producing dicamba technical
Table 2.1.2-2 Production technologies adopted by major producers of dicamba technical in the world, as of June 2022
Table 2.1.3-1 Valid registrations of dicamba technical in China, as of 3 August, 2023
Table 2.1.3-2 Valid registrations of dicamba formulations in China, as of 3 August, 2023
Table 2.2.1-1 Capacity and output of major 1,2,4-Trichlorobenzene producers in China
Table 2.2.1-2 Capacity and output of major p-Dichlorobenzene producers in China
Table 2.2.3-1 Capacity and output of dicamba technical producers in China, 2022–June 2023
Table 2.2.4-1 Potential capacity of dicamba technical in China, as of July 2023
Table 2.3-1 China's export volume of dicamba technical and dicamba formulations, 2018–Q1 2023, tonne
Table 2.3.1-1 China's exports of 98% dicamba technical by month, Q1 2023
Table 2.3.1-2 China's exports of 98% dicamba technical by month, 2022
Table 2.3.1-3 China's exports of 98% dicamba technical by month, 2021
Table 2.3.1-4 China's exports of 98% dicamba technical by month, 2020
Table 2.3.1-5 China's exports of 98% dicamba technical by month, 2019
Table 2.3.1-6 China's exports of 98% dicamba technical by month, 2018
Table 2.3.1-7 China's exports of dicamba 48% AS by month, Q1 2023
Table 2.3.1-8 China's exports of dicamba 48% AS by month, 2022
Table 2.3.1-9 China's exports of dicamba 48% AS by month, 2021
Table 2.3.1-10 China's exports of dicamba 48% AS by month, 2020
Table 2.3.1-11 China's exports of dicamba 48% AS by month, 2019
Table 2.3.1-12 China's exports of dicamba 48% AS by month, 2018
Table 2.3.2-1 China's exports of 98% dicamba technical by destination, Q1 2023
Table 2.3.2-2 China's exports of 98% dicamba technical by destination, 2022
Table 2.3.2-3 China's exports of 98% dicamba technical by destination, 2021
Table 2.3.2-4 China's exports of 98% dicamba technical by destination, 2020
Table 2.3.2-5 China's exports of 98% dicamba technical by destination, 2019
Table 2.3.2-6 China's exports of 98% dicamba technical by destination, 2018
Table 2.3.2-7 China's exports of dicamba 48% AS by destination, Q1 2023
Table 2.3.2-8 China's exports of dicamba 48% AS by destination, 2022
Table 2.3.2-9 China's exports of dicamba 48% AS by destination, 2021
Table 2.3.2-10 China's exports of dicamba 48% AS by destination, 2020
Table 2.3.2-11 China's exports of dicamba 48% AS by destination, 2019
Table 2.3.2-12 China's exports of dicamba 48% AS by destination, 2018
Table 2.3.3-1 China's exports of 98% dicamba technical by exporter, Q1 2023
Table 2.3.3-2 China's exports of 98% dicamba technical by exporter, 2022
Table 2.3.3-3 China's exports of 98% dicamba technical by exporter, 2021
Table 2.3.3-4 China's exports of 98% dicamba technical by exporter, 2020
Table 2.3.3-5 China's exports of 98% dicamba technical by exporter, 2019
Table 2.3.3-6 China's exports of 98% dicamba technical by exporter, 2018
Table 2.3.3-7 China's exports of dicamba 48% AS by exporter, Q1 2023
Table 2.3.3-8 China's exports of dicamba 48% AS by exporter, 2022
Table 2.3.3-9 China's exports of dicamba 48% AS by exporter, 2021
Table 2.3.3-10 China's exports of dicamba 48% AS by exporter, 2020
Table 2.3.3-11 China's exports of dicamba 48% AS by exporter, 2019
Table 2.3.3-12 China's exports of dicamba 48% AS by exporter, 2018
Table 2.4.1-1 Production, export and apparent consumption of dicamba in China, 2018–2022
Table 3.1.1-1 Basic information of Jiangsu Yangnong Chemical Co., Ltd.
Table 3.1.3-1 Top 10 shareholders of Jiangsu Yangnong Chemical Co., Ltd., as of March 2023
Table 3.1.3-2 Major subsidiaries of Jiangsu Yangnong Chemical Co., Ltd., as of March 2023
Table 3.1.4-1 Total assets, revenue and profit of Jiangsu Yangnong Chemical Co., Ltd., 2018–2022
Table 3.1.7-1 Production costs of dicamba technical in Jiangsu Yangnong Chemical Co., Ltd., March 2023
Table 3.1.8-1 Important financial ratio of Jiangsu Yangnong Chemical Co., Ltd., 2017–2022
Table 3.2.1-1 Basic information on Jiangsu Changqing Agrochemical Co., Ltd.
Table 3.2.3-1 Top 10 shareholders of Jiangsu Changqing Agrochemical Co., Ltd., as of April 2023
Table 3.2.3-2 Subsidiaries of Jiangsu Changqing Agrochemical Co., Ltd., as of April 2023
Table 3.2.4-1 Total assets, revenue and profit of Jiangsu Changqing Agrochemical Co., Ltd., 2018–2022
Table 3.2.7-1 Production costs of dicamba technical in Jiangsu Changqing Agrochemical Co., Ltd., April 2023
Table 3.2.8-1 Important financial ratio of Jiangsu Changqing Agrochemical Co., Ltd., 2018–2022
Table 3.3.1-1 Basic information on Shandong Sino-Agri United Biotechnology Co., Ltd.
Table 3.3.3-1 Top 10 shareholders of Sino-Agri United, as of April 2023
Table 3.3.3-2 Subsidiaries of Sino-Agri United, as of April 2023
Table 3.3.4-1 Total assets, revenue and profit of Shandong Sino-Agri United Biotechnology Co., Ltd., 2018–2022
Table 3.3.7-1 Important financial ratio of Shandong Sino-Agri United Biotechnology Co., Ltd., 2018–2022
Table 1.1-1 Capacity and output of major producers of dicamba technical outside China
Table 2.1.1-1 Output of herbicides and dicamba technical in China, 2017–2022
Table 2.1.2-1 Comparison of techniques for producing dicamba technical
Table 2.1.2-2 Production technologies adopted by major producers of dicamba technical in the world, as of June 2022
Table 2.1.3-1 Valid registrations of dicamba technical in China, as of 3 August, 2023
Table 2.1.3-2 Valid registrations of dicamba formulations in China, as of 3 August, 2023
Table 2.2.1-1 Capacity and output of major 1,2,4-Trichlorobenzene producers in China
Table 2.2.1-2 Capacity and output of major p-Dichlorobenzene producers in China
Table 2.2.3-1 Capacity and output of dicamba technical producers in China, 2022–June 2023
Table 2.2.4-1 Potential capacity of dicamba technical in China, as of July 2023
Table 2.3-1 China's export volume of dicamba technical and dicamba formulations, 2018–Q1 2023, tonne
Table 2.3.1-1 China's exports of 98% dicamba technical by month, Q1 2023
Table 2.3.1-2 China's exports of 98% dicamba technical by month, 2022
Table 2.3.1-3 China's exports of 98% dicamba technical by month, 2021
Table 2.3.1-4 China's exports of 98% dicamba technical by month, 2020
Table 2.3.1-5 China's exports of 98% dicamba technical by month, 2019
Table 2.3.1-6 China's exports of 98% dicamba technical by month, 2018
Table 2.3.1-7 China's exports of dicamba 48% AS by month, Q1 2023
Table 2.3.1-8 China's exports of dicamba 48% AS by month, 2022
Table 2.3.1-9 China's exports of dicamba 48% AS by month, 2021
Table 2.3.1-10 China's exports of dicamba 48% AS by month, 2020
Table 2.3.1-11 China's exports of dicamba 48% AS by month, 2019
Table 2.3.1-12 China's exports of dicamba 48% AS by month, 2018
Table 2.3.2-1 China's exports of 98% dicamba technical by destination, Q1 2023
Table 2.3.2-2 China's exports of 98% dicamba technical by destination, 2022
Table 2.3.2-3 China's exports of 98% dicamba technical by destination, 2021
Table 2.3.2-4 China's exports of 98% dicamba technical by destination, 2020
Table 2.3.2-5 China's exports of 98% dicamba technical by destination, 2019
Table 2.3.2-6 China's exports of 98% dicamba technical by destination, 2018
Table 2.3.2-7 China's exports of dicamba 48% AS by destination, Q1 2023
Table 2.3.2-8 China's exports of dicamba 48% AS by destination, 2022
Table 2.3.2-9 China's exports of dicamba 48% AS by destination, 2021
Table 2.3.2-10 China's exports of dicamba 48% AS by destination, 2020
Table 2.3.2-11 China's exports of dicamba 48% AS by destination, 2019
Table 2.3.2-12 China's exports of dicamba 48% AS by destination, 2018
Table 2.3.3-1 China's exports of 98% dicamba technical by exporter, Q1 2023
Table 2.3.3-2 China's exports of 98% dicamba technical by exporter, 2022
Table 2.3.3-3 China's exports of 98% dicamba technical by exporter, 2021
Table 2.3.3-4 China's exports of 98% dicamba technical by exporter, 2020
Table 2.3.3-5 China's exports of 98% dicamba technical by exporter, 2019
Table 2.3.3-6 China's exports of 98% dicamba technical by exporter, 2018
Table 2.3.3-7 China's exports of dicamba 48% AS by exporter, Q1 2023
Table 2.3.3-8 China's exports of dicamba 48% AS by exporter, 2022
Table 2.3.3-9 China's exports of dicamba 48% AS by exporter, 2021
Table 2.3.3-10 China's exports of dicamba 48% AS by exporter, 2020
Table 2.3.3-11 China's exports of dicamba 48% AS by exporter, 2019
Table 2.3.3-12 China's exports of dicamba 48% AS by exporter, 2018
Table 2.4.1-1 Production, export and apparent consumption of dicamba in China, 2018–2022
Table 3.1.1-1 Basic information of Jiangsu Yangnong Chemical Co., Ltd.
Table 3.1.3-1 Top 10 shareholders of Jiangsu Yangnong Chemical Co., Ltd., as of March 2023
Table 3.1.3-2 Major subsidiaries of Jiangsu Yangnong Chemical Co., Ltd., as of March 2023
Table 3.1.4-1 Total assets, revenue and profit of Jiangsu Yangnong Chemical Co., Ltd., 2018–2022
Table 3.1.7-1 Production costs of dicamba technical in Jiangsu Yangnong Chemical Co., Ltd., March 2023
Table 3.1.8-1 Important financial ratio of Jiangsu Yangnong Chemical Co., Ltd., 2017–2022
Table 3.2.1-1 Basic information on Jiangsu Changqing Agrochemical Co., Ltd.
Table 3.2.3-1 Top 10 shareholders of Jiangsu Changqing Agrochemical Co., Ltd., as of April 2023
Table 3.2.3-2 Subsidiaries of Jiangsu Changqing Agrochemical Co., Ltd., as of April 2023
Table 3.2.4-1 Total assets, revenue and profit of Jiangsu Changqing Agrochemical Co., Ltd., 2018–2022
Table 3.2.7-1 Production costs of dicamba technical in Jiangsu Changqing Agrochemical Co., Ltd., April 2023
Table 3.2.8-1 Important financial ratio of Jiangsu Changqing Agrochemical Co., Ltd., 2018–2022
Table 3.3.1-1 Basic information on Shandong Sino-Agri United Biotechnology Co., Ltd.
Table 3.3.3-1 Top 10 shareholders of Sino-Agri United, as of April 2023
Table 3.3.3-2 Subsidiaries of Sino-Agri United, as of April 2023
Table 3.3.4-1 Total assets, revenue and profit of Shandong Sino-Agri United Biotechnology Co., Ltd., 2018–2022
Table 3.3.7-1 Important financial ratio of Shandong Sino-Agri United Biotechnology Co., Ltd., 2018–2022
LIST OF FIGURES
Figure 1.1-1 Market share of global major producers of dicamba technical by output, 2022
Figure 2.1.2-1 Route A for production of dicamba technical with 1,2,4-trichlorobenzene as starting raw material
Figure 2.1.2-2 Route B for production of dicamba technical with 2,5-dichloroaniline as starting raw material
Figure 2.2.1-1 Monthly ex-works price of 1,2,4-Trichlorobenzene in China, Jan. 2022–June 2023
Figure 2.2.1-2 Monthly ex-works price of p-Dichlorobenzene in China, Jan. 2022–June 2023
Figure 2.2.2-1 Capacity and output of dicamba technical in China, 2018–2022
Figure 2.2.3-1 Geographic distribution of dicamba technical producers in China by capacity, as of June 2023
Figure 2.3-1 Export volume of dicamba products in China, 2018–Q1 2023
Figure 2.4.2-1 Share of apparent consumption of dicamba in China by crop, 2022
Figure 2.5.1-1 Annual ex-works price of dicamba 98% technical in China, 2011–2022
Figure 2.5.1-2 Monthly ex-works price of dicamba 98% technical in China, Jan. 2022–June 2023
Figure 2.6-1 Forecast on capacity and output of dicamba technical in China, 2023–2027
Figure 2.6-2 Forecast on global demand for dicamba, 2023–2027
Figure 3.1.4-1 Revenue structure of Jiangsu Yangnong Chemical Co., Ltd. by product type, 2018–2021
Figure 3.1.5-1 Revenue structure of Jiangsu Yangnong Chemical Co., Ltd. by region, 2018–2022
Figure 3.2.4-1 Revenue structure of Jiangsu Changqing Agrochemical Co., Ltd. by product type, 2018–2022
Figure 3.2.5-1 Revenue structure of Jiangsu Changqing Agrochemical Co., Ltd. by region, 2018–2022
Figure 3.3.5-1 Revenue structure of Shandong Sino-Agri United Biotechnology Co., Ltd. by region, 2018–2022
Figure 1.1-1 Market share of global major producers of dicamba technical by output, 2022
Figure 2.1.2-1 Route A for production of dicamba technical with 1,2,4-trichlorobenzene as starting raw material
Figure 2.1.2-2 Route B for production of dicamba technical with 2,5-dichloroaniline as starting raw material
Figure 2.2.1-1 Monthly ex-works price of 1,2,4-Trichlorobenzene in China, Jan. 2022–June 2023
Figure 2.2.1-2 Monthly ex-works price of p-Dichlorobenzene in China, Jan. 2022–June 2023
Figure 2.2.2-1 Capacity and output of dicamba technical in China, 2018–2022
Figure 2.2.3-1 Geographic distribution of dicamba technical producers in China by capacity, as of June 2023
Figure 2.3-1 Export volume of dicamba products in China, 2018–Q1 2023
Figure 2.4.2-1 Share of apparent consumption of dicamba in China by crop, 2022
Figure 2.5.1-1 Annual ex-works price of dicamba 98% technical in China, 2011–2022
Figure 2.5.1-2 Monthly ex-works price of dicamba 98% technical in China, Jan. 2022–June 2023
Figure 2.6-1 Forecast on capacity and output of dicamba technical in China, 2023–2027
Figure 2.6-2 Forecast on global demand for dicamba, 2023–2027
Figure 3.1.4-1 Revenue structure of Jiangsu Yangnong Chemical Co., Ltd. by product type, 2018–2021
Figure 3.1.5-1 Revenue structure of Jiangsu Yangnong Chemical Co., Ltd. by region, 2018–2022
Figure 3.2.4-1 Revenue structure of Jiangsu Changqing Agrochemical Co., Ltd. by product type, 2018–2022
Figure 3.2.5-1 Revenue structure of Jiangsu Changqing Agrochemical Co., Ltd. by region, 2018–2022
Figure 3.3.5-1 Revenue structure of Shandong Sino-Agri United Biotechnology Co., Ltd. by region, 2018–2022
