Guangzhou, Guangdong -- (SBWIRE) -- 06/06/2012 -- China imported 16,000 tonnes of pesticides in the first quarter of 2012, up 8.1% over the same period of 2011. Meanwhile, the total import value of pesticides reached USD110 million, increasing by 22.1% year on year; the average price of imported pesticides was USD6,896/t in Q1 2012, according to the General Administration of Customs of the People's Republic of China (GAS), according to CCM’s May Issue of Fungicides China News.

Specifically, China's import volume of herbicides was the largest among all pesticides in Q1 2012, hitting 8,743 tonnes, accounting for 54.64% of the total volume of imported pesticides. Moreover, the YOY growth rate of herbicides' import volume in Q1 this year was 36.2%, much higher than those of other pesticide categories.

Meanwhile, the import volume of insecticides, the third largest imported pesticide category, increased by 16.5% year on year to 2,499 tonnes, and the average price of imported insecticides hit USD9,825/t.

China's import volume of fungicides ranked the second among all pesticide categories in Q1 2012, reaching 3,439 tonnes; the average price of imported fungicides was USD7,996/t, higher than that of other imported pesticides. However, the YOY growth rate of fungicides' import volume witnessed a slip of 5.0%.

In detail, Shanghai and Beijing are the top two cities by import volume of fungicides in the first quarter of this year, reaching 887 tonnes and 603 tonnes respectively. It is worth noting that these two cities' import volume of fungicides took up 43.3% of the total import volume of fungicides at the same time.

In terms of import origin, Germany, the US and France are the top three countries that exported fungicides to China, with export volumes of 679 tonnes, 587 tonnes and 399 tonnes respectively in Q1 2012. It is not hard to see from these figures mentioned above that fungicides' export volume of these three countries accounted for 48.4% of China's total import volume of fungicides in Q1 this year.

Besides, the average prices of imported fungicides from Germany, the US and France were USD6,423/t, USD7,477/t and USD9,815/t separately in the first quarter of 2012. Thereinto, the average price of fungicides from France was the highest among the three, USD1,819/t higher than that of imported fungicides from all import origins.

Fungicides with high efficiency, broad spectrum and low toxicity are still main import varieties by China in Q1 2012, such as tebuconazole, difenoconazole, azoxystrobin, pyraclostrobin, trifloxystrobin and propiconazole.

It can be estimated that China's import volume of pesticides from overseas market will continue to go up in the second quarter of 2012 with the coming of pesticides' peak consumption season. Meanwhile, pesticide industry's competition will be more and more intense in China in the near future because a large number of imported pesticides are entering domestic market.

Source: Fungicides China News 1205
http://www.cnchemicals.com/Newsletter/NewsletterDetail.aspx?id=2

Main content of Fungicides China News 1205:
Qianjiang Biochemical's net profit sharply drops in 2011
Noposion: net profit slides but fungicide revenue increases in 2011
Huifeng Agrochemical's net profit continues decrease in 2011
SYRICI successfully develops pyrametostrobin-thiram 25% SC
Xi'an MPC vigorously promotes cuppric nonyl phenolsulfonate
China's import volume of pesticides increases in Q1 2012
Domestic output of carbendazim technical exceeds 14,000 tonnes in Q1 2012
New policy beneficial to development of kasugamycin
Changqing Agrochemical successfully launches 500t/a fenoxanil technical production line
Azoxystrobin-prochloraz 30% ME to enjoy bright market prospect
Key crop diseases predicted to occur on large scale in Guangxi in H1 2012
Diseases and insect pests to seriously occur in middle and later stage of wheat
Azoxystrobin registrations keep hot in 2012
Registrations of tebuconazole formulation go hot in early 2012
Ex-factory price of tebuconazole 97% TC witnesses slip in early May 2012

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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