China - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Herbicide Export Reduces Sharply to $369M in April 2023
China Herbicide Exports
In April 2023, herbicide exports from China declined significantly to 109K tons, reducing by -18.9% against March 2023 figures. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when exports increased by 41% against the previous month.
In value terms, herbicide exports dropped significantly to $369M (IndexBox estimates) in April 2023. Over the period under review, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in March 2023 when exports increased by 35% m-o-m.
| COUNTRY | Export Value of Herbicide in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| Brazil | 232 | 349 | 316 | 359 | 317 | 138 | 56.3 | 21.1 | 27.7 | 20.9 | 17.2 | 26.3 | 43.1 |
| Ghana | 14.9 | 27.0 | 20.6 | 12.3 | 7.9 | 3.9 | 6.0 | 2.1 | 6.3 | 12.1 | 25.6 | 38.0 | 22.8 |
| Kazakhstan | 11.3 | 3.7 | 3.3 | 2.6 | 8.5 | 1.1 | 0.9 | 0.4 | 2.0 | 2.2 | 3.3 | 13.9 | 20.6 |
| Thailand | 17.4 | 47.8 | 56.0 | 32.4 | 13.4 | 18.1 | 10.9 | 14.7 | 13.6 | 19.9 | 27.0 | 23.3 | 18.5 |
| Cameroon | 5.9 | 11.0 | 4.8 | 6.9 | 3.8 | 2.0 | 1.9 | 3.7 | 13.1 | 12.4 | 13.3 | 29.8 | 17.8 |
| Nigeria | 25.4 | 21.6 | 24.0 | 16.5 | 15.3 | 17.5 | 22.1 | 15.5 | 12.2 | 17.2 | 26.0 | 35.3 | 15.3 |
| Russia | 8.5 | 11.9 | 12.3 | 14.2 | 19.2 | 16.6 | 10.6 | 11.8 | 15.1 | 19.1 | 14.8 | 24.5 | 15.1 |
| Australia | 31.3 | 23.0 | 28.9 | 44.3 | 49.0 | 61.1 | 52.2 | 94.5 | 77.7 | 67.0 | 36.8 | 22.7 | 10.7 |
| Cambodia | 13.8 | 21.5 | 31.4 | 13.7 | 7.4 | 1.7 | 2.7 | 3.4 | 4.3 | 1.5 | 3.9 | 8.3 | 10.5 |
| Indonesia | 8.7 | 19.6 | 21.1 | 24.3 | 18.7 | 17.3 | 18.6 | 22.3 | 19.0 | 13.2 | 15.7 | 8.5 | 10.3 |
| Colombia | 10.0 | 10.3 | 13.0 | 14.9 | 9.1 | 10.8 | 7.9 | 11.9 | 9.8 | 12.2 | 5.7 | 9.5 | 10.0 |
| Mexico | 15.0 | 5.8 | 12.2 | 3.9 | 2.1 | 3.7 | 5.1 | 9.8 | 4.7 | 6.7 | 5.9 | 12.3 | 8.0 |
| Philippines | 8.1 | 10.1 | 9.2 | 9.7 | 5.7 | 12.8 | 11.1 | 9.1 | 7.7 | 2.4 | 3.2 | 7.3 | 7.5 |
| Others | 239 | 264 | 288 | 299 | 240 | 233 | 252 | 245 | 196 | 257 | 161 | 226 | 159 |
| Total | 641 | 826 | 841 | 853 | 717 | 538 | 458 | 465 | 409 | 464 | 359 | 485 | 369 |
Exports by Country
Ghana (9.8K tons), Thailand (7.5K tons) and Brazil (7.3K tons) were the main destinations of herbicide exports from China, together accounting for 23% of total exports. These countries were followed by Nigeria, Cameroon, Kazakhstan, Indonesia, Cambodia, Russia, Colombia, the Philippines, Mexico and Australia, which together accounted for a further 35%.
From April 2022 to April 2023, the biggest increases were in Cameroon (with a CAGR of +14.5%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($43M), Ghana ($23M) and Kazakhstan ($21M) constituted the largest markets for herbicide exported from China worldwide, with a combined 23% share of total exports. These countries were followed by Thailand, Cameroon, Nigeria, Russia, Australia, Cambodia, Indonesia, Colombia, Mexico and the Philippines, which together accounted for a further 33%.
Cameroon, with a CAGR of +9.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In April 2023, the herbicide price amounted to $3,388 per ton (FOB, China), with a decrease of -6.2% against the previous month. Over the period under review, the export price recorded a noticeable descent. The pace of growth was the most pronounced in January 2023 when the average export price increased by 4.8% m-o-m. Over the period under review, the average export prices reached the peak figure at $5,585 per ton in April 2022; however, from May 2022 to April 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In April 2023, the country with the highest price was Brazil ($5,905 per ton), while the average price for exports to Ghana ($2,325 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-1.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the herbicide market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
- Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
