The market is dominated by domestic suppliers, as imports account for 2.8% of total market size in 2022. B2B drives market demand, with B2B spending representing 100% of total demand in 2022. China has the largest market size for pesticides and other agro-chemical products regionally, with demand reaching USD39.5 billion in 2022. Wuhai He Ye Chemical Engineering Co Ltd is the largest company in China, generating 29.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 42.3% of total production value in 2022. The total number of companies decreases in 2022, to 5,106 units. The costs of the industry decrease by 2.2% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 12.6% of production value in 2022, the 12th highest regionally. The industry’s exports share increases in 2022 to 19.5% of total production output. With production value of USD46.1 billion, China accounts for 69.2% of the Asia Pacific total in 2022.
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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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