China: Herbicide Market 2025

Herbicide Market Size in China

After four years of growth, the Chinese herbicide market decreased by -33.8% to $X in 2021. In general, consumption, however, recorded a modest expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced rapidly in the following year.

Herbicide Production in China

In value terms, herbicide production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. Herbicide production peaked at $X in 2020, and then dropped in the following year.

Herbicide Exports

Exports from China

In 2021, overseas shipments of herbicides increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +40.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, herbicide exports soared to $X in 2021. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), Brazil (X tons) and Nigeria (X tons) were the main destinations of herbicide exports from China, with a combined 29% share of total exports. The United States, Indonesia, Thailand, Ghana, Ukraine, Canada, Argentina, South Africa, Cambodia and Russia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +58.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for herbicide exported from China were Brazil ($X), Australia ($X) and the United States ($X), together comprising 35% of total exports. Nigeria, Thailand, Indonesia, Ukraine, Ghana, Canada, Russia, South Africa, Argentina and Cambodia lagged somewhat behind, together accounting for a further 31%.

Cambodia, with a CAGR of +57.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average herbicide export price amounted to $X per ton, picking up by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into China

In 2021, herbicide imports into China skyrocketed to X tons, increasing by 26% on the year before. Over the period under review, imports, however, continue to indicate a pronounced downturn. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, herbicide imports surged to $X in 2021. Overall, imports, however, showed a slight setback. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of herbicide to China, accounting for a 74% share of total imports. Moreover, herbicide imports from Malaysia exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.4% per year) and Indonesia (-11.3% per year).

In value terms, Malaysia ($X), Indonesia ($X) and Germany ($X) appeared to be the largest herbicide suppliers to China, with a combined 64% share of total imports. The United States, France, Hungary, India and Australia lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Hungary, with a CAGR of +11.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average herbicide import price stood at $X per ton in 2021, growing by 9.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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