Chinese pesticide sales up 21.9% in nine-month 2012

According to the statistics of National Bureau of Statistics, total 800 Chinese pesticide enterprises above designated size whose data were collated realized a total industrial output value of Yuan 176.27 billion ($27,979 million at the current rate) in three quarters 2012, with an increase of 22.6% on the same period last year. Among which, growth of biological pesticide achieved 46.4%. Sales of pesticide grew by 25.6% to Yuan 19.43 billion in September and accumulative sales have grown 21.9% to Yuan 171.04 billion. Due to the higher domestic demand, fast growing market overseas, higher price of products, the profit of pesticide industry rose by 25.2% to Yuan 8,940 million in the first eight months, which showed that economic benefits had improved apparently.

Major economic indicator (Yuan billion)
Category	Number of company	Industry output value	%change	Sales	%change
September
pesticide	800	19.35	24.7	19.43	25.6
- chemical	678	16.23	21.7	16.29	22.6
- biological	122	3.12	43.0	3.14	43.6
Nine months
pesticide	800	176.27	22.6	171.04	21.9
- chemical	678	152.10	19.5	147.49	18.8
- biological	122	24.16	46.4	23.55	45.7