China’s Export Volume of Abamectin Formulations Increased by 28.85% In 2014

Date: 2015-08-05

“Entering into April, farmers in most regions of China are transplanting rice seeds successively. As a staple food, rice is widely planted in China, but the pests and diseases strike heavily and frequently The accumulative stricken areas of major pests and disease reach 106.67 million ha (1.6 billion mu) in China in the average year, which provides huge market opportunities for pesticide enterprises. Based on the comprehensive analysis of the cardinal number of occurrence of diseases and pests, forecast of the whole year鈥檚 climate trend, crop composition and distribution, and farming methods, the National Agro-Tech Extension and Service Center (NATESC) made an announcement on predication that plant hopper, leaf roller and borer will pose the largest threats to rice in China in 2015, and the accumulative stricken areas will reach 67.33 million ha (1.01 billion mu). Other pests and diseases will occur slightly. 
According to the statistics from the ICAMA, on 24 April, 2015, the registration number of pesticides to prevent and control rice leaf roller, rice plant hopper and rice asiatic borer reached 877 and 1,200 and 748 in China, respectively. And the hot products, like imidacloprid, chlorpyrifos and abamectin, take up large proportions. It’s also indicated that pesticide enterprises face fierce competition in rice insecticide market. 
Pesticide manufacturers who apt to capture more market share in rice insecticides will focus on the R&D of new insecticides with high efficiency, low toxicity, biological activity and flexibility. They also provides all-around crop solutions from sow to harvest to farmers. 
The USD/RMB exchange rate in this report is USD1.00=RMB6.1434 on 1 April, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.”

“With the implementation of strict pesticide policies and the enhancing environment protection consciousness, pesticide manufacturers will focus on the development of new insecticides with high safety, biological activity and flexibility.

In recent years, the ICAMA has investigated the production, sales and application of carbofuran in the domestic market, and has carried out registration re-appraisals on this product. Some industry insiders expressed concern about carbofuran鈥檚 market prospects and forecasted that the usage of carbofuran will be further forbidden or limited.

In 2014, China’s export volume of abamectin formulations increased by 28.85% year on year. However, the export volume of abamectin technical was down by 14.59% year on year.

In 2014, China’s export volume of imidacloprid technical decreased by 11.21% year on year, and the exports of acetamiprid technical increased by 30.81% year on year.

In 2014, China’s export volume of dimethoate technical decreased by 13.76% year on year. However, the export volume of dimethoate formulations was up by 1.25% year on year.

In 2014, Jiangsu Changqing achieved a YoY growth of 15.32% to USD294.46 million (RMB1.81 billion) in revenue, of which 99.56% of revenue was contributed by its pesticide business. The company will focus on this business in 2015.

On 26 March, 2015, Nanjing Redsun released the 2014 full-year financial report. Accordingly, it achieved a YoY increase of 18.33% in pesticides sales, and the gross profit margin of pesticides edged up by 0.15 percentage point to 26.77%.

On 11 April, 2015, ENN Ecological released the 2014 full-year financial report. Accordingly, it achieved a YoY increase of 32.34% to USD145.79 million (RMB895.62 million) in pesticides sales. The company will continue to strengthen pesticide business in 2015.

In March 2015, altogether 6 new registrations for insecticide TC passed approval.

On 2 April, 2015, Hunan Province introduced the Methods of Tracing Accountability for Major Environmental Problems (events) in Hunan Province (On trial), which places lifelong accountability for stakeholders. This has aroused strong repercussions from all sectors.

On 13 April, 2015, the NATESC predicted that the accumulative stricken areas of major wheat pests in China will reach 24 million ha (360 million mu) in mid-to-late growth season (2015), and pests covering aphid, blossom midge and spider would pose the largest threats to wheat.


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