China’s Top 100 Companies and Top 10 Best Selling Local Pesticides in 2014

According to China’s National Bureau of Statistic, China produced 3.74 million tons of pesticide in 2014, reflecting growth of just 1.4% compared with the previous year, reports Fang Lin of ChemLinked, a division Reach24H Consulting Group. The production of herbicide increased by 2.8% to some 1.8 million tons, while production of insecticide and fungicide shrunk by 4.8% and 1.2% to 561,000 tons and 230,000 tons respectively.

It was also revealed by customs that the volume of pesticide exports reached 1.16 million tons, a modest growth of 6%, while the value maintained double digital growth of 10.7% reaching a value of $4.15 billion.

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The export volume of herbicides increased by 6.5% to some 806,000 tons and the value increased by 8.1% to $2.57 million. The export volume of insecticide increased by 6.2% to some 239,000 tons and the value increased by 17.4% to $1.07 million. The volume and value of fungicide grew by 4.4% and 10.5% respectively. The importation of pesticide has also reached to $700 million for the first time because the MNCs have increasingly launched its new product in recent years.

Some statistics on China’s top 100 pesticide companies in 2014 are noteworthy:

  • The total sales of the top 100 were $17.36 billion (106.33 billion CNY), an increase of 9% on the previous year of $15.99 billion (97.92 billion CNY);
  • In 2014, 36 companies (31 in 2013) reached sales of more than $163.3 million (1 billion CNY);
  • The qualifying criteria for the ranking list required a minimum of $57.16 billion (350 million CNY) per annum turnover, reflecting growth of 17% compared with 2013.

Read the full article here.

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