Seven glyphosate companies listed first China's top 20 pesticide enterprises
Nov. 14, 2013
The total sales of these seven glyphosate companies from pesticide businesses was about USD2.53 billion (RMB15.49 billion) in 2012, up by 55.14% from 2011. This number accounted for about 39.90% of the total pesticides revenue of the top 20 pesticide enterprises, which is 2.14 percentage points lower than that in 2011.
Excluding Jiangsu Good Harvest-Weien, the other six glyphosate companies all ranked the top 10 for the first time in the 2012 China top 20 pesticide enterprises. Notably, Huapont-Nutrichem ranked first and Zhejiang Wynca ranked second for the first time since 2009.
High prices and profitability of their glyphosate related products (including glyphosate technical, glyphosate formulations and PMIDA) were the most important factors for the strong financial performances of the seven companies that qualified for the 2012 China Top 20 Pesticide Enterprises for the first time.
In 2012, as the supply and demand in the worldwide glyphosate industry improved, the glyphosate market turned prosperous again. In this period, the ex-works prices and profitability of glyphosate related products both achieved their highest level since 2009. As China's mainstream glyphosate manufacturers, with their total glyphosate capacity accounting for about 60% of China's total, these seven companies seized the opportunities created by the upturn in 2012 and made significant achievements in their glyphosate businesses.
To access the latest dynamics, hotspots and competitiveness analysis, and forecasts on market trends of China’s glyphosate industry, please visit Glyphosate China Monthly Report.
More from AgroNews
Subscribe to daily email alerts of AgroNews.