China pesticide sales up 23% in eleven months of 2012

According to the statistics of China National Bureau of Statistics, total 804 Chinese pesticide enterprises above designated size whose data were collated realized a total industrial output value of Yuan 23.1 billion in November 2012, with an increase of 27.5% on the same period last year. Sales of pesticides grew by 26.9% to Yuan 22.3 billion. Among them, output value and sales growth of biopesticides both exceeded 40%.

In the first eleven months, accumulative total industrial output value of pesticide rose by 23.3% to Yuan 219.4 billion, and sales of pesticides increased by 22.6% to Yuan 212.7 billion. Due to higher domestic demand, fast growing market overseas and higher price, the profit of pesticide industry rose by 33.9% to Yuan 11.7 billion in the first ten months. The industry loss fell by 5.2% to Yuan 650 million, which showed the better performance this year.

Major economic indicator (Yuan billion)
Category	Number of company	Industry output value	%change	sales	%change
November
chemical pesticide	680	19.72	+25.0	18.96	+23.9
biological pesticide	124	3.39	+44.5	2.93	+47.2
Total	804	23.10	+27.5	22.29	+26.9
Eleven months
chemical pesticide	680	189.99	+21.1	184.03	+20.4
biological pesticide	124	29.36	+39.3	28.66	+38.5
Total	804	219.35	+23.2	212.69	+22.6
Source: National Bureau of Statistics