Total sales of China top 100 pesticide companies up 25% in 2011

In 2011, China's pesticide industry maintained a steady growth in face of dramatic price rise for raw materials, the appreciation of RMB and rising labor costs. Among them, pesticide production has maintained double-digit growth, with an increase of 21.4%, which is higher than the average level of China's industrial economic development. Sales grew by 28.5%, the growth is higher compared with the output growth. Export rose by 29.9%, while export value climbed up 36.4% due to the higher export price; the growth of import price is rapid than that of import volume. Total profit grew by 21.4% to Yuan 12.6 billion, its growth is roughly similar compared with output growth, however, the margin is still very low, only 5.1%. The export of formulations is greater than the technicals for the first time. In this situation, larger domestic companies did well. In term of statistics and analysis, CCPIA issued the list of 2011 Top 100 pesticide companies.

For the performance of Top 100 in 2011, the threshold of Top 100 sustained uplift, which reflects the enhancement of enterprises’ strength. Sales of ranked 100th grew up 17.6% to Yuan 200 million in 2011 over Yuan 170 million in 2010. A total sale of Top 100 enterprises grew up 24.5% to Yuan 61.86 billion in 2011 over Yuan 49.7 billion in 2010, which shows that large enterprises play the increasingly important role in the economic and industrial structure adjustment and reflects the higher demand for pesticide.

In addition, it shows the development trend of industry to the central and western regions transferred. The top 100 pesticides companies located in 15 provinces, municipalities and autonomous regions, including three traditional provinces of  Jiangsu, Zhejiang and Shandong (Table 2).  Total 72 companies of top 100 belong to three traditional provinces in 2011, which is slightly less than 74 in 2010, nearly three-quarters of the total.  Sales of top 100 in three provinces grew by 18.9% to Yuan 45.5 billion over Yuan 38.3 billion in 2010, which is accounted for 73.6% of total sales of top 100 in 2011, down slightly from 77.0% in 2010. Total 18 companies of top 100 belong to 8 provinces in central and western regions, which are more than 17 in 2010, sales of 18 companies grew by 32.7% to Yuan 11.25 billion over Yuan 8.48 billion, accounted for 18.2% of total sales of top 100, which is more than 17.0% in 2010. The trend of pesticide industry to the central and western regions transferred gradually revealed because the development space is gradually saturated in the traditional province.