China: Insecticide Market 2025

Insecticide Market Size in China

In 2021, after three years of growth, there was significant decline in the Chinese insecticide market, when its value decreased by -23% to $X. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then fell remarkably in the following year.

Insecticide Production in China

In value terms, insecticide production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +58.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Insecticide production peaked at $X in 2020, and then reduced in the following year.

Insecticide Exports

Exports from China

In 2021, overseas shipments of insecticides increased by 3.2% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 358%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, insecticide exports expanded remarkably to $X in 2021. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Thailand (X tons), the Philippines (X tons) and Ghana (X tons) were the main destinations of insecticide exports from China, with a combined 18% share of total exports. Brazil, Vietnam, Nigeria, Cambodia, Indonesia, Bangladesh, Myanmar, Chile, Peru and Pakistan lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +55.2%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Thailand ($X) and Bangladesh ($X) were the largest markets for insecticide exported from China worldwide, with a combined 23% share of total exports. These countries were followed by Vietnam, Indonesia, Nigeria, the Philippines, Peru, Chile, Ghana, Cambodia, Pakistan and Myanmar, which together accounted for a further 29%.

Cambodia, with a CAGR of +42.9%, recorded the highest growth rate of 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 insecticide export price amounted to $X per ton, rising by 7.9% against the previous year. Over the period under review, the export price posted a modest increase. The most prominent rate of growth was recorded in 2016 an increase of 244%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Myanmar ($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 Bangladesh (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Insecticide Imports

Imports into China

Insecticide imports into China shrank to X tons in 2021, waning by -9.2% against 2020. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 19% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, insecticide imports dropped modestly to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 35%. Imports peaked at $X in 2020, and then dropped slightly in the following year.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of insecticide to China, with a 35% share of total imports. Moreover, insecticide imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.7% per year) and France (-1.3% per year).

In value terms, the largest insecticide suppliers to China were the United States ($X), Singapore ($X) and South Korea ($X), together accounting for 72% of total imports.

Singapore, with a CAGR of +257.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average insecticide import price amounted to $X per ton, with an increase of 9.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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