Reviewing China’s 2012 Gains and Losses
7 January 2013 One of the largest players in the agro chemical market has had a year of economic ups and downs. Sui Pengfei, an official at The Institute for the Control of Agrochemicals (ICAMA), a branch of the Ministry of Agriculture of China, summed up the growth and decline of various companies and key chemicals in the industry at the 5th China High-Level Forum on Pesticides. Although the pesticide industry witnessed a recovery, Pengfei explained that the market was forced to face an overall downward trend in 2012, especially in fungicide export. The decline was 7.98% year on year. The total export value of fungicides also experienced a fall of 11.49% year on year, a loss of $254.76 million.
CCM International Limited, a company focused on material-based chemicals in China, reported on the highs and lows of the market as follows:
The Losses:
– Lanfeng Biochemical’s net profit fell 44.71% year on year from Jan. to Sept. 2012 to $6.81 million.
– Mancozeb technical was still in decline Oct. 2012, and its ex-factory price maintained at $2,832 per tonne.
– China’s carbendazim exports fell from Jan. to Aug. 2012, mainly due to the low demand from overseas markets.
– Both import and export of o-phenylenediamine in China fell from Jan. to Sept. 2012, according to China Customs.
The Gains:
– Changqing Agrochemical’s revenue and net profit achieved double-digit growth from Jan. to Sept. 2012, to $155.47 million and $20.63 million respectively.
– Noposion’s net profit in the first nine months of this year rose 8.56% compared to the same period last year.
– China’s fungicide import volume and value experienced double-digit growth from Jan. to Sept. 2012.
– Kresoxim-methyl mixture registration significantly increased in China since early 2012.
– Registration of azoxystrobin technical rose to 8 in 2012, accounting for half of the total in the first 10 months of 2012.
For more information on CCM International Limited Research, click here.
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