According to CCM’s monthly issue, China Crop Protection Monthly Report 1311, The CCPIA annual list of top 100 pesticide companies was first published in 2011, making this the third year the ranking has been in place. The three Top 100 Lists from 2011 to 2013 show the significant improvement in the performance of the ranked companies as a whole, and the growth of these large companies has led the development of China's pesticide industry over these years.
Total pesticide revenue of the top 100 companies has clearly increased in the period. With a Compound Average Growth Rate (CAGR) of 26.38% (all calculations have been based on values in RMB) from 2010 to 2012, the total pesticide revenues of the top 100 pesticide companies reached USD12.9 billion (RMB79.1 billion) in 2012. The CAGR of the top 100 pesticide companies is higher than that of the total pesticide sales revenue of China's pesticide industry in 2012.
The numbers also show that the top 10 and top 30 in the list enjoyed even more remarkable growth rates. The total pesticide revenue CAGR of the top 10 and the top 30 are 31.37% and 29.11% respectively, a strong sign of the pesticide industry's development.
With rapid growth, the top 100 pesticide companies accounted for 33.49% of the total sales revenue of the industry in 2012, up by 2.23 percentage points compared with 2010. In the meanwhile, the top 10 and the top 30 companies accounted for 9.52% and 19.53%, respectively, of China's total pesticide sales revenue in 2012.
The Top 100 List also indicates that competition among pesticide companies is intensifying. Companies must strive for improvement if they want to keep their positions in the Top 100 List, since the threshold is becoming higher. The 100th company in the 2011 list had a pesticide revenue of USD27.7 million (RMB170 million) in the previous year (2010). Meanwhile, the last place in the 2013 Top 100 earned USD42.4 million (RMB260 million) the previous year.
Competition among the top companies in the list is even fiercer. It is estimated that as many as 24 pesticide companies brought in over USD163.13 million (RMB1.0 billion) in pesticide revenue in 2012, 8 more than the number in 2011 and double of the number in 2010 (10 companies).
Nantong Jiangshan Agrochemical & Chemical Co., Ltd., for instance, had pesticide revenues of USD166.1 million (RMB1,018 million) in 2010, placing it at number 10 in the 2011 list. However, if it had maintained the same revenue, the company would only have ranked 24th in the 2013 list.
Table of Contents of China Crop Protection Monthly Report 1311
CCPIA announces the Top 100 pesticide companies in China
Top 100 pesticide companies' revenue rising fast
Geographical distribution changes in the top 100
M&A and pesticide industry recovery boost Top 100 growth
15 companies keep their places in the top 20 for the past three years
Some companies could not keep their ranking
Top 30 pesticide formulations companies announced
Top 100 companies’ progress and challenges
China Crop Protection Monthly Report, a monthly publication issued by CCM, will keep an eye on the most important or the latest occurrences or the hottest topics in China’s crop protection industry, and select one or two topics out of these news and information to compose an in-depth feature article. You can obtain professional and insightful intelligence, covering market dynamic, industry development, government policies and more by going through the features articles every month.
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