This year, insecticide market has been sluggish. Compared with the same period last year, sale of insecticide decreased by 30%, which hit a 3-year low. As the off-season of insecticide comes, consumption of many insecticide formulations has declined, such as Phoxim, Nitempyram, Abamectin and Buprofezin, etc. Therefore, insecticide industry slump may still last for a long time .
According to the survey, prices of some insecticides have been down as the intense market competition. Some productions was overstocked.
Several reasons lead to the decreasing sales of insecticide in this year. First, due to cold disaster in recent years, the occurrence of pests were gradually dwindling. Second, as wide application in high effect and low toxicity pesticides, growing chain of pests were destroyed, and large-scale insect outbreak was suppressed. Moreover, domestic insecticide industry was to suffer by import products, and insecticide market share gradually becomes small. These reasons result in the usage of domestic insecticide decreased.
Although most of insecticide prices have gone down with traditional off-season, prices of some products increased as the increasing demand of overseas, such as Chlorpyrifos and Cypermethrin. According to survey, the supply of some insecticides was intense.
(Guangzhou China, October 5, 2011)
CCM International