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China - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Herbicides - Market Analysis, Forecast, Size, Trends and Insights

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Jun 5, 2023

China'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.

COUNTRYExport Value of Herbicide in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Brazil23234931635931713856.321.127.720.917.226.343.1
Ghana14.927.020.612.37.93.96.02.16.312.125.638.022.8
Kazakhstan11.33.73.32.68.51.10.90.42.02.23.313.920.6
Thailand17.447.856.032.413.418.110.914.713.619.927.023.318.5
Cameroon5.911.04.86.93.82.01.93.713.112.413.329.817.8
Nigeria25.421.624.016.515.317.522.115.512.217.226.035.315.3
Russia8.511.912.314.219.216.610.611.815.119.114.824.515.1
Australia31.323.028.944.349.061.152.294.577.767.036.822.710.7
Cambodia13.821.531.413.77.41.72.73.44.31.53.98.310.5
Indonesia8.719.621.124.318.717.318.622.319.013.215.78.510.3
Colombia10.010.313.014.99.110.87.911.99.812.25.79.510.0
Mexico15.05.812.23.92.13.75.19.84.76.75.912.38.0
Philippines8.110.19.29.75.712.811.19.17.72.43.27.37.5
Others239264288299240233252245196257161226159
Total641826841853717538458465409464359485369

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.

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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