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China’s glyphosate export up 31.3% MoM in Dec. 2014

According to Think Real’s analysis, China exported 58,184 tonnes of glyphosate in Dec. 2014, up 31.3% over the previous month. The goods are worth USD174.0 million, increasing by 22.3% month on month.

 

The export volume of glyphosate technical in Dec. was 22,564 tonnes with an 18.5% month-on-month increase; the export value was USD93.9 million, up 12.4% month on month. The export volume and value of glyphosate formulations was 35,619 tonnes and USD80.0 million, up 40.9% and 36.4% over the previous month respectively. There are ten specifications of the product exported, including 41% IPA (glyphosate-isopropylammonium), 51% IPA, 62% IPA, etc. 

 

The export price of the product showed a continued downtrend in Dec. The price of glyphosate 95% technical averaged at USD4.16/kg, compared with USD4.38/kg in the previous month. The one of glyphosate-isopropylammonium 62% IPA averaged at USD2.50/kg, down from USD2.64/kg in Nov. The price of other specifications witnessed decreases to different extends.

 

Altogether 161 enterprises exported glyphosate from China in Dec. Fuhua Tongda Agro-chemical Technology Co., Ltd. was the largest exporter by volume this month, followed by Zhejiang Wynca Chemical Group Co., Ltd., Zhenjiang Jiangnan Chemical Co., Ltd., Jiangsu Good Harvest-Weien Agrochemical Co., Ltd. and Shandong Weifang Rainbow Chemical Co., Ltd.

 

The number of export destinations (countries and regions) of glyphosate increased to 92 in Dec., 7 more than the amount in Nov. The major export destinations were the US, Argentina, Australia, Nigeria, Ghana and so on. The combined volume exported to the top ten export destinations was 35,814 tonnes in Dec., valued at USD111.2 million; the quantity and value accounted for 61.5% and 64.0% of the total from China in that month respectively.

 

Table 1: Details of glyphosate exports from China by specification, Dec. 2014

Specification

Volume (kg)

Avg price (USD/kg)

Value (USD)

41% IPA

25,932,347

1.99

51,668,172

95% TC

22,258,475

4.16

92,652,952

62% IPA

4,158,334

2.50

10,394,256

75.7% WSG

2,305,000

4.45

10,257,969

51% IPA

1,984,410

2.32

4,610,067

48% IPA

763,790

1.88

1,434,324

96% TC

306,000

3.94

1,206,318

88.8% WSG

251,600

4.27

1,073,910

62.2% AS

141,965

2.66

377,491

37% AS

43,520

2.65

115,202

55% SP

30,000

3.61

108,400

71.5% SP

8,500

5.90

50,150

Total

58,183,941

/

173,949,211

Source: China Customs (analysis from Think real)

 

Table 2: Top ten exporters of glyphosate from China by volume, Dec. 2014

No.

Exporter

Export volume, kg

1

Fuhua Tongda Agro-chemical Technology Co., Ltd.

9,119,437

2

Zhejiang Wynca Chemical Group Co., Ltd.

4,569,240

3

Zhenjiang Jiangnan Chemical Co., Ltd.

4,356,800

4

Jiangsu Good Harvest-Weien Agrochemical Co., Ltd.

3,957,341

5

Shandong Weifang Rainbow Chemical Co., Ltd.

3,429,122

6

Youth Chemical Co., Ltd.

3,040,000

7

Zhejiang Jinfanda Bio-Chemical Co., Ltd.

2,492,470

8

Nantong Jiangshan Agrochemical & Chemical Co., Ltd.

2,121,697

9

Zhejiang Jinfanda Import and Export Co., Ltd.

1,714,112

10

Changzhou Eastchem International Co., Ltd.

1,590,543

Source: China Customs (analysis from Think real)

 

Table 3: Top ten export destinations of glyphosate from China by volume, Dec. 2014

No.

Export destination

Export volume, kg

Export value, USD

1

United States

7,099,340

27,908,976

2

Argentina

6,020,820

25,616,135

3

Australia

5,510,184

17,428,589

4

Nigeria

4,623,365

9,378,324

5

Ghana

2,814,460

6,100,296

6

Vietnam

2,732,515

4,749,690

7

Thailand

2,176,874

4,589,163

8

Indonesia

1,958,202

6,079,046

9

Russia

1,459,168

4,006,502

10

Malaysia

1,418,928

5,384,870

Source: China Customs (analysis from Think real)

 

-ENDS-

NOTES TO EDITORS

China Glyphosate Export Overlook 2014

China glyphosate product export overlook 2014 provides detailed analysis to identify the target commodities from customs records. The analysis service give a full view of commodities export trade records, provides comprehensive data regarding target products’ export by specifications, month, exporters, manufacturers, destinations, price, etc., helping you make more informed decisions.

 

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