Crop Protection China Monthly Report(Crop Protection China Monthly Report 202410)

In 2024, the pesticide industry continued the downturn of 2023. Although the industry de-stocking is nearing the end, the market dynamics recovered slowly and the prices remained low. In H1 2024, H1 reports of the pesticide listed enterprises showed that most of the enterprises did not improve their performance. In this context, pesticide enterprises will be more cautious about the construction of pesticide-related projects.

In this report, by analysing the pesticide-related construction projects in the Q1–Q3, readers can gain a further understanding of the current situation of the pesticide market and provide a reference basis for predicting the future direction of the market.

Based on public information from governments' environmental impact assessment and enterprises announcement, totaling 121 pesticide projects pertaining to pesticide technical, formulations and intermediates were planned or constructed during Jan.–Sept, 2024. CCM will briefly take stock to have a closer look at China's agrochemical industry.

In this newsletter, the USD/CNY exchange rate used is USD1.00=CNY7.0709 sourced from the People's Bank of China on 8 Oct., 2024. Unless otherwise specified, all the prices mentioned in this newsletter will include the VAT.