With production value of USD45.1 billion, China accounts for 66.3% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 19.5% of total production output. The industry’s profitability decreases and stands at 12.6% of production value in 2023, the 14th highest regionally. The costs of the industry decrease by 2.1% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 15.5% of total production value in 2023. Adama Ltd is the largest company in China, generating 4.3% of the industry’s total production value in 2023. China has the largest market size for pesticides and other agro-chemical products regionally, with demand reaching USD38.6 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 2.8% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Pesticides and Other Agro-chemical Products in China: ISIC 2421. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pesticides and Other Agro-chemical Products in China: ISIC 2421 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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