Pesticide Price Analysis in China in Jan.–July 2023
From Jan. 2022 to July 2023, pesticide prices kept a downtrend, while the situation in 2022 shared much difference with that in China, Jan.–July 2023. In 2022, wrestling with stern controls of COVID-19 pandemic and other unfavourable factors, most pesticide producers actively conduct production in a bid to maintain steady supply in the first half of the year, especially those located in East China, with a pesticide output nearly flatlined from that in 2021. Meanwhile, most pesticides were priced higher than those of the previous year.
According to CCM's statistics, listed pesticide enterprises on the whole performed remarkably in operating results in 2022. However, some headwinds had emerged since Q3 2022, manifested as tumbled overseas demand in traditional peak season, copious backlog of stocks and sluggish domestic demand for downstream formulations. In Jan. 2023, oversupply doubled down, which directly led to continuous decline in technical price: the first two months experienced a short stable price before the market starting up due to the Spring Festival holiday; while in March–July, the price resumed downtrend from the lower end of market expectation, landing on the brink of touching the cost.
So far, part products have seen prices approach the costs, and the constant low prices will disfavour the sound development of market. Hopefully, the market might recover at the end of 2023, as the supply will get tight due to raised costs from more and more stringent supervision on safety production and environmental protection, almost depleted inventory, increasing demand in pesticide-using season, as well as the rising sentiment of replenishment owing to the existing low price.
In this report, CCM will do analysis of the prices of 30 selected pesticides in China in 2023 from the following aspects:
According to CCM's statistics, listed pesticide enterprises on the whole performed remarkably in operating results in 2022. However, some headwinds had emerged since Q3 2022, manifested as tumbled overseas demand in traditional peak season, copious backlog of stocks and sluggish domestic demand for downstream formulations. In Jan. 2023, oversupply doubled down, which directly led to continuous decline in technical price: the first two months experienced a short stable price before the market starting up due to the Spring Festival holiday; while in March–July, the price resumed downtrend from the lower end of market expectation, landing on the brink of touching the cost.
So far, part products have seen prices approach the costs, and the constant low prices will disfavour the sound development of market. Hopefully, the market might recover at the end of 2023, as the supply will get tight due to raised costs from more and more stringent supervision on safety production and environmental protection, almost depleted inventory, increasing demand in pesticide-using season, as well as the rising sentiment of replenishment owing to the existing low price.
In this report, CCM will do analysis of the prices of 30 selected pesticides in China in 2023 from the following aspects:
- Overview of China's pesticide industry as of July 2023
- Price analysis of herbicides in China, Jan.–July 2023
- Price analysis of insecticides in China, Jan.–July 2023
- Price analysis of fungicides in China, Jan.–July 2023
Executive summary
Methodology
1 OVERVIEW OF CHINA'S PESTICIDE INDUSTRY AS OF JULY 2023
1.1 Supply and demand of pesticides
1.2 Overall price of pesticides
2 PRICE ANALYSIS OF SELECTED HERBICIDES IN CHINA, JAN.–JULY 2023
2.1 Glyphosate
2.2 Glufosinate-ammonium
2.3 Acetochlor
2.4 Pendimethalin
2.5 Trifluranlin
2.6 Nicosulfuron
2.7 Clethodim
2.8 Atrazine
2.9 Diquat
2.10 Mesotrione
3 PRICE ANALYSIS OF SELECTED INSECTICIDES IN CHINA, JAN.–JULY 2023
3.1 Emamectin benzoate
3.2 Imidacloprid
3.3 Malathion
3.4 Pymetrozine
3.5 Lambda-cyhalothrin
3.6 Bifenthrin
3.7 Chlorfenapyr
3.8 Thiamethoxam
3.9 Acetamiprid
3.10 Chlorantraniliprole
4 PRICES ANALYSIS OF SELECTED FUNGICIDES IN CHINA, JAN.–JULY 2023
4.1 Difenoconazole
4.2 Propiconazole
4.3 Tebuconazole
4.4 Azoxystrobin
4.5 Carbendazim
4.6 Prochloraz
4.7 Cyazofamid
4.8 Trifloxystrobin
4.9 Prothioconazole
4.10 Pyraclostrobin
Methodology
1 OVERVIEW OF CHINA'S PESTICIDE INDUSTRY AS OF JULY 2023
1.1 Supply and demand of pesticides
1.2 Overall price of pesticides
2 PRICE ANALYSIS OF SELECTED HERBICIDES IN CHINA, JAN.–JULY 2023
2.1 Glyphosate
2.2 Glufosinate-ammonium
2.3 Acetochlor
2.4 Pendimethalin
2.5 Trifluranlin
2.6 Nicosulfuron
2.7 Clethodim
2.8 Atrazine
2.9 Diquat
2.10 Mesotrione
3 PRICE ANALYSIS OF SELECTED INSECTICIDES IN CHINA, JAN.–JULY 2023
3.1 Emamectin benzoate
3.2 Imidacloprid
3.3 Malathion
3.4 Pymetrozine
3.5 Lambda-cyhalothrin
3.6 Bifenthrin
3.7 Chlorfenapyr
3.8 Thiamethoxam
3.9 Acetamiprid
3.10 Chlorantraniliprole
4 PRICES ANALYSIS OF SELECTED FUNGICIDES IN CHINA, JAN.–JULY 2023
4.1 Difenoconazole
4.2 Propiconazole
4.3 Tebuconazole
4.4 Azoxystrobin
4.5 Carbendazim
4.6 Prochloraz
4.7 Cyazofamid
4.8 Trifloxystrobin
4.9 Prothioconazole
4.10 Pyraclostrobin
LIST OF TABLES
Table 1.1-1 Pesticide productions and exports in China, 2011–H1 2023
Table 1.2-1 China Agrochemical Price Index (CAPI), July 2022–July 2023
Table 1.1-1 Pesticide productions and exports in China, 2011–H1 2023
Table 1.2-1 China Agrochemical Price Index (CAPI), July 2022–July 2023
LIST OF FIGURES
Figure 2.1-1 Ex-works prices of glyphosate technical in China, July 2022–July 2023
Figure 2.2-1 Ex-works prices of glufosinate-ammonium technical in China, July 2022–July 2023
Figure 2.3-1 Ex-works prices of acetochlor technical in China, July 2022–July 2023
Figure 2.4-1 Ex-works prices of pendimethalin technical in China, July 2022–July 2023
Figure 2.5-1 Ex-works prices of trifluralin technical in China, July 2022–July 2023
Figure 2.6-1 Ex-works prices of nicosulfuron technical in China, July 2022–July 2023
Figure 2.7-1 Ex-works prices of clethodim technical in China, July 2022–July 2023
Figure 2.8-1 Ex-works prices of atrazine technical in China, July 2022–July 2023
Figure 2.9-1 Ex-works prices of diquat technical in China, July 2022–July 2023
Figure 2.10-1 Ex-works prices of mesotrione technical in China, July 2022–July 2023
Figure 3.1-1 Ex-works prices of emamectin benzoate technical in China, July 2022–July 2023
Figure 3.2-1 Ex-works price of imidacloprid technical in China, July 2022–July 2023
Figure 3.3-1 Ex-works prices of malathion technical in China, July 2022–July 2023
Figure 3.4-1 Ex-works prices of pymetrozine technical in China, July 2022–July 2023
Figure 3.5-1 Ex-works prices of lambda-cyhalothrin technical in China, July 2022–July 2023
Figure 3.6-1 Ex-works prices of bifenthrin technical in China, July 2022–July 2023
Figure 3.7-1 Ex-works prices of chlorfenapyr technical in China, July 2022–July 2023
Figure 3.8-1 Ex-works prices of thiamethoxam technical in China, July 2022–July 2023
Figure 3.9-1 Ex-works prices of acetamiprid technical in China, July 2022–July 2023
Figure 3.10-1 Ex-works prices of chlorantraniliprole technical in China, July 2022–July 2023
Figure 4.1-1 Ex-works prices of difenoconazole technical, July 2022–July 2023
Figure 4.2-1 Ex-works prices of propiconazole technical in China, July 2022–July 2023
Figure 4.3-1 Ex-works prices of tebuconazole technical in China, July 2022–July 2023
Figure 4.4-1 Ex-works prices of azoxystrobin technical in China, July 2022–July 2023
Figure 4.5-1 Ex-works prices of carbendazim technical (white color) in China, July 2022–July 2023
Figure 4.6-1 Ex-works prices of prochloraz technical in China, July 2022–July 2023
Figure 4.7-1 Ex-works prices of cyazofamid technical in China, July 2022–July 2023
Figure 4.8-1 Ex-works prices of trifloxystrobin technical in China, July 2022–July 2023
Figure 4.9-1 Ex-works prices of prothioconazole technical in China, July 2022–July 2023
Figure 4.10-1 Ex-works prices of pyraclostrobin technical in China, July 2022–July 2023
Figure 2.1-1 Ex-works prices of glyphosate technical in China, July 2022–July 2023
Figure 2.2-1 Ex-works prices of glufosinate-ammonium technical in China, July 2022–July 2023
Figure 2.3-1 Ex-works prices of acetochlor technical in China, July 2022–July 2023
Figure 2.4-1 Ex-works prices of pendimethalin technical in China, July 2022–July 2023
Figure 2.5-1 Ex-works prices of trifluralin technical in China, July 2022–July 2023
Figure 2.6-1 Ex-works prices of nicosulfuron technical in China, July 2022–July 2023
Figure 2.7-1 Ex-works prices of clethodim technical in China, July 2022–July 2023
Figure 2.8-1 Ex-works prices of atrazine technical in China, July 2022–July 2023
Figure 2.9-1 Ex-works prices of diquat technical in China, July 2022–July 2023
Figure 2.10-1 Ex-works prices of mesotrione technical in China, July 2022–July 2023
Figure 3.1-1 Ex-works prices of emamectin benzoate technical in China, July 2022–July 2023
Figure 3.2-1 Ex-works price of imidacloprid technical in China, July 2022–July 2023
Figure 3.3-1 Ex-works prices of malathion technical in China, July 2022–July 2023
Figure 3.4-1 Ex-works prices of pymetrozine technical in China, July 2022–July 2023
Figure 3.5-1 Ex-works prices of lambda-cyhalothrin technical in China, July 2022–July 2023
Figure 3.6-1 Ex-works prices of bifenthrin technical in China, July 2022–July 2023
Figure 3.7-1 Ex-works prices of chlorfenapyr technical in China, July 2022–July 2023
Figure 3.8-1 Ex-works prices of thiamethoxam technical in China, July 2022–July 2023
Figure 3.9-1 Ex-works prices of acetamiprid technical in China, July 2022–July 2023
Figure 3.10-1 Ex-works prices of chlorantraniliprole technical in China, July 2022–July 2023
Figure 4.1-1 Ex-works prices of difenoconazole technical, July 2022–July 2023
Figure 4.2-1 Ex-works prices of propiconazole technical in China, July 2022–July 2023
Figure 4.3-1 Ex-works prices of tebuconazole technical in China, July 2022–July 2023
Figure 4.4-1 Ex-works prices of azoxystrobin technical in China, July 2022–July 2023
Figure 4.5-1 Ex-works prices of carbendazim technical (white color) in China, July 2022–July 2023
Figure 4.6-1 Ex-works prices of prochloraz technical in China, July 2022–July 2023
Figure 4.7-1 Ex-works prices of cyazofamid technical in China, July 2022–July 2023
Figure 4.8-1 Ex-works prices of trifloxystrobin technical in China, July 2022–July 2023
Figure 4.9-1 Ex-works prices of prothioconazole technical in China, July 2022–July 2023
Figure 4.10-1 Ex-works prices of pyraclostrobin technical in China, July 2022–July 2023
