H1 2019 China pesticide export data: Growth rate declines, Bifenthrin, Clethodim trade to Latin America increases
Jul. 29, 2019
Chinese pesticide imports and exports during the first half of 2019 faced considerable challenges. Although the total value of imports and exports rose to a new high at US$4.473 billion, the growth rate of pesticide imports and exports was only 2.4%, far lower than 8.3% rate in 2018. Of this total amount, exports accounted for $4.178 billion, an increase of 2.6%, which is significantly lower than the 2-digit growth rate in previous years.
From the above chart table, the Chinese pesticide export system, which is based mainly on technicals, remains unchanged. From 2011 to 2017, the export of pesticide technicals dropped from 63.2% to 56.3%, while formulations increased from 36.8% up to 43.7%. Since 2018, the export of pesticide technicals began to increase again, exceeding 60%, while formulations appeared to be decreasing.
In terms of packaging, the export value of pesticide technicals and formulations in industrial packaging totalled $3.169 billion in the first half of 2019, a 2.1% increase, while the export value of formulations in retail packaging amounted to $1.009 billion, a 4% increase. Although sales of products in retail packaging accounted for only around 25% of total, the growth in products sold in retail packaging is higher than in industrial packaging.
As for country-specific export figures, Brazil experienced the highest increase in the first half of 2019. As China’s second largest export market, the value of pesticides exported to Brazil grew from $397 million in the same period last year to $573 million, a 44.2% increase. Exports to Argentina took second place, while exports to the United States (US), which is China’s largest pesticide export market, dropped by 9.2%. Exports to India increased by 11.8%, while exports to other Asian countries, such as Thailand, Vietnam and Indonesia, all dropped, leading to a decline in the Asian market.
According to the list of top 10 export pesticide varieties, glyphosate is still China’s leading export product, followed by paraquat, which experienced the largest decrease, while bifenthrin increased the most at 276.7% in the first half of 2019, compared to the same period last year. Exports of clethodim, emamectin and chlorothalonil experienced relatively high growth.
3. Uncertainties have grown due to the China-US trade conflict, pesticide export predictions uncertain this year.
The issues of pest and disease control add to the uncertainty, and Chinese manufacturers are confronted by stricter environmental and work safety regulations, which must be dealt with effectively by industry players.
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