2012 could mean a bumper harvest to insecticide market. Just in the first six months, many agrochemical companies saw revenue soaring because of the sound performance of their insecticides. For example, Jiangsu Changqing’s revenue in H1 2012 rose to USD102 million, up 32% over the same period last year and its insecticide business contributes USD53 million, up 78% year on year. Jiangsu Lanfeng's insecticide business also posts a good performance, with revenue up 232.05% year on year in H1 2012.
Entering the peak period of pesticide application, coupled with more occurrences of insect pests like rice plant hopper and armyworm since the end of July, the demand for many insecticides in domestic market has largely increased since this August, including pymetrozine, beta-cypermethrin, acephate, etc. In addition, the export volume of some products such as lambda-cyhalothrin and imidacloprid also witnessed increases since mid-2012 because of the rising crop planting area in many overseas countries in recent years.
All in all, many companies will likely pay more attention to insecticide business owing to its excellent performance this year. However, blind expansion or product mix enrichment could lead to the risk of overcapacity. The whole industry should be sensitive to market dynamics and make sure that the severe overcapacity of abamectin will not happen again.
Please purchase to view
Buy Now
Add to cart
