Thursday, December 22, 2011

Both Import and Export of Fungicides Rise in Q1-Q3 2011

Recently, the General Administration of Customs of the People's Republic of China (GAC) has released the result of China's pesticide import and export in the first three quarters of 2011, showing that both import and export of fungicides have witnessed increase to a certain extent, according to CCM’s November Issue of Fungicides China News.

All in all, the import and export volumes of pesticides have reached around 41,000 tonnes and 611,000 tonnes respectively (calculated by physical quantity, similarly hereinafter) in China in the first nine months of this year, resulting in a favorable balance of USD1.47 billion.

It is worth noting that the import volume of fungicides is the largest among the three major pesticide categories, namely herbicides, insecticides and fungicides, at home from Jan. to Sept. 2011, hitting about 15,000 tonnes, up 33.40% year on year, accounting for 36.59% of the total import volume of pesticides.

However, the import volumes of both herbicides and insecticides have decreased by 22.40% and 26.00% year on year to about 14,000 tonnes and 5,600 tonnes respectively all over the country in the first nine months of 2011.

In addition, the import value of fungicides has witnessed significant growth of 38.80% year on year in the first three quarters of 2011, accounting for 42.11% of the import value of pesticides in China. Meanwhile, insecticides and herbicides have seen decreases, down 11.60% and 8.70% compared with those of the same period of last year.

In terms of export, compared with insecticides and fungicides, the export volume of herbicides is the largest, reaching 377,000 tonnes and taking up 61.70% of the total export volume of pesticides in China from Jan. to Sept. 2011.

Although the export volume of fungicides is the least than those of herbicides and insecticides in the first nine months of this year, it has increased by 23.80% year on year to 59,000 tonnes, with its export value witnessing a remarkable rise of 43.70% to USD0.29 billion.

The robust demand for fungicides from domestic and overseas market is the most important factor pushing up its import and export in China in the first nine months of this year. It is estimated that both import and export of fungicides will maintain soaring up in the rest of 2011 for the booming fungicide market around the world.

Source: Fungicides China News 1112

Main content of Fungicides China News 1112:
Nantong Baoye to relocate factory in RCEDZHIP
Mesa Tech launches azoxystrobin 250g/L SC in China 
Huaxing Chemical merges KaJo Agrochemical
Limin Chemical applies for IPO again
Thiabendazole mainly used in fresh-keeping for orange in China
1-(4-chlorophenyl)-4,4-dimethyl-3-pentanone in short supply recently
Both import and export of fungicides rise in Q1-Q3 2011
Hisun Chemical's oxine-copper development project passes acceptance
China's pesticide demand to rise 2.48% year on year in 2012
Zibo Wanchang to expand trimethyl orthoformate to 10,000t/a by H1 2012
Fungicides in hot registration in Q3 2011
Registration of kresoxim-methyl formualtions witnesses increase in 2011
Ex-factory price of prochloraz technical turns high in early Dec. 2011
Wheat stripe rust occurs seriously in Gansu recently

Fungicides China News, a monthly publication issued by CCM International on 10th of every month, provides a wealth of exclusive information and analysis, research and development dynamics of domestic competitors, analysis on import and export of key products, cooperative opportunities with domestic and foreign companies, and market information of foreign patent-expired products.

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