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Domestic Market of Triazole Fungicides Keeps Growing

Domestic Market of Triazole Fungicides Keeps Growing

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Published by CCM Intelligence
CCM’s October Issue of Fungicides China News has been released recently. The market dynamic of triazole fungicides in China attracts people’s attention.
CCM’s October Issue of Fungicides China News has been released recently. The market dynamic of triazole fungicides in China attracts people’s attention.

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Published by: CCM Intelligence on Oct 17, 2011
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05/12/2014

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Domestic Market of Triazole Fungicides Keeps GrowingTag:
Triazole fungicide, fungicide, market value, consumption, capacity, tebuconazole,propiconazole, triadimefon, epoxiconazole, output
Summary: CCM’s October Issue of Fungicides China News has been released recently. The market dynamic of triazole fungicides in China attracts people’s attention.
CCM’s October Issue of Fungicides China Newshas been released recently. The marketdynamic of triazole fungicides in China attracts people’s attention.Triazole fungicides rank the first place by market value in all the categories of fungicides in Chinain 2010. Domestic consumption of triazole fungicides has increased by 10.5% in 2010 comparedwith that in previous years. It is estimated that China’s consumption of triazole fungicides willcontinue to grow in the future.China's total capacity of triazole fungicides has exceeded 50,000t/a in 2010 with the capacityexpansion and the launch of many new production lines in recent years. The total market value of triazole fungicides has grown to about USD409 million in 2010, up 7.1% and 31.5% respectivelycompared with that in 2009 and 2008. The top three triazole fungicides by market value weretebuconazole, propiconazole and triadimefon in 2010.It is estimated that both the output and domestic consumption of triazole fungicides will continueto see stable growth in the next few years with the enhanced promotion and extended controlspectrum. What's more, some new triazole fungicides like epoxiconazole, the second largestvariety of triazole fungicides in the global pesticide market, are expected to witness high demandgrowth in China in the future. More news in CCM’s October Issue of Fungicides China News:-Jiangsu Huifeng's net profit in H1 2011 has plummeted by 12.72% year on year.-Qianjiang Biochemical has made great achievements in its revenue and net profit in H1 2011.-Huaxing Chemical has seriously suffered financial deficit of about USD3.16 million in H1 2011,but its fungicide business has witnessed surge.-Shandong's pesticide industry has witnessed tortuous recovery in the first half of 2011.-The demand for fungicides to control major diseases in the fields of cotton, vegetables, fruits andlate rice is on the rise at home recently.-Triazole fungicides have ranked the first place by market value in China in 2010, and theconsumption will continue growing in the future.-Prochloraz is unsuitable to be blindly expanded at present mainly due to the current largecapacity, slow-growth export and many competitive products.-Changqing Agrochemical aims to speed up the development of fungicides to further enrich itsproduct mix and explore new profit growth points in the near future.

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