With the increasing demand from overseas markets, China's fungicides witnessed a 2.60% quarter-on-quarter rise in their export volume to about 18,644 tonnes in Q1 2013, according to China Customs. Among all export destinations, Vietnam ranked first place in Q1 2013 by import volume of fungicides from China, amounting to around 1,951 tonnes, followed by Ukraine, Thailand, Russia, Indonesia, etc.
In addition, the average export price of fungicide products in China in Q1 2013 also climbed by 3.89% quarter on quarter to about USD5,248/t. In spite of this, the average export price of fungicides was far lower than that of imported fungicides. Specifically, the average import price of fungicide products in Q1 2013 rose to about USD10,367/t. Moreover, the growth rate of China's import volume of fungicide products (10.45%) was higher than that of their export volume (2.60%) in China in Q1 2013.
The relatively low export price of fungicide products leads to the narrowing profit space for many domestic agrochemical companies, which will seriously impact the development of China's fungicide industry in the future. If China's agrochemical companies and industry associations do not make effective adjustments and active efforts, it is difficult for domestic fungicide industry to see an obvious improvement in a short time.
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