Yutian Analysis: Trifloxystrobin |The game flow among Indian, German players

Why Trifloxystrobin?

Pyraclostrobin gained the attention of Indian agrochemical players in a recent survey conducted by AgroPages. BAYER again occupied the majority of the market share with this product, with its export regions being German and Switzerland, while BAYER Colombia is responsible for the Mexican market.

By analyzing import and export data of the main market, we can see that it is progressing rapidly, especially in India, Brazil and Paraguay, through competitive products, such as Trifloxystrobin, Azoxystrobin, Pyraclostrobin and Picoxystrobin. In addition, the upgraded version of Prothioconazole is preferred by the market. Sales of Trifloxystrobin increased, mainly due to it being combined with Prothioconazole as a formulation, and because it is uniquely required as a WG formulation.

China has not shown a strong supply ability for Trifloxystrobin so far, and its exported values of Trifloxystrobin from 2017 to 2019 were US$5.04 million, $6.38 million and $8.00 million, respectively. According to ICAMA, China has 111 registrations of this product. (Source: AgroPages China Pesticides Exporting Analysis System, Data period: 2017-2019)

How do we analyze Trifloxystrobin?

1. World demand

2. Five-year-price trend

3. Arrangements of Indian and German companies

4. Growing number of Chinese suppliers

1.World demand

The total demand for Trifloxystrobin is 5880 tons, while global sales reached $ 640 million in 2018.

2.Five-year-price trend

Trifloxystrobin 97% TC and Tebuconazole 50%+Trifloxystrobin 25% WG were the most popular versions supplied by Chinese manufacturers. Buyers regularly purchase once every half a year.

3.Arrangement of Indian and German companies

Despite India importing a large amount of Trifloxystrobin, Indian companies began to arrange the chemical in 2019 and 2020. UPL focuses on the markets in Korea, Argentina and Brazil whereas the other two Indian suppliers cooperate with Helm and the DVA Group. Some German companies, such as Jebagro, have already established branches in China and have been present in Latin America for many years. 

4.Developing of Chinese suppliers

High price and complex process technology calm the suppliers down. Nevertheless in another word, opportunity. The following chart highlights the Top 5 exporters of Trifloxystrobin in China and the leading registrants.

What is Trifloxystrobin?

Trifloxystrobin is a second generation broad spectrum strobilurine fungicide with improved protective and curative properties against major plant diseases. Its mode of action is as a cellular respiration inhibitor. It is mainly registered for use on crops such as cereals, fruits and nuts, grapes, rice, bananas and turf.

Source: AgroPages China Pesticides Exporting Analysis System, Data period 2015-2019

《AgroPages China/India Pesticides Exporting Analysis System》

《Trifloxystrobin World Market and Product Development Report》

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