CCM listed the top 10 Chinese glyphosate
companies based on their revenue from glyphosate business in 2015. Sichuan
Fuhua Tongda Agro-chemical Technology Co., Ltd. ranked top 1,
followed by Zhejiang Wynca
Chemical Industry Group Co., Ltd., and Hubei Trisun Chemicals Co.,
Ltd.
There were about 30 companies producing glyphosate TC and the several hundred
enterprises producing glyphosate formulations in China in 2015, according to
CCM's research. Based on the revenue from glyphosate business, CCM ranked the
top 10 Chinese glyphosate companies in 2015.
Glyphosate
revenue of top 10 Chinese glyphosate companies in 2015
Among these 10 glyphosate companies, some regard glyphosate as their main
business, like Sichuan Fuhua; some like Jiangsu Yangnong do not take glyphosate
as their major business. As a whole, glyphosate is still an important part of
their business. In 2015, the total glyphosate revenue of these 10 enterprises
was around USD2.56 billion, accounting for 70.43% of their total pesticide revenue.
Glyphosate revenue from each of them showed YoY (year on year) decline, mainly
affected by the low glyphosate price in 2015.
Hubei Trisun replaced Zhejiang
Jinfanda Bio-Chemical Co., Ltd. (Zhejiang Jinfanda),
ranking the third place this time. The fall of Zhejiang Jinfanda in the list
was mainly due to its decline in revenue from glyphosate TC in 2015.
In 2014, Hubei Trisun sold most of its
glyphosate TC to Zhejiang Jinfanda. After Zhejiang Jinfanda transferred Hubei Trisun
to Hubei Xingfa Chemicals Group Co., Ltd. (Hubei Xingfa) in H2 2014, glyphosate
TC from Hubei Trisun would mainly be sold through Hubei Xingfa's subsidiary.
The loss of glyphosate TC from Hubei Trisun was the major reason to explain
Zhejiang Jinfanda's decline in glyphosate TC revenue in 2015.
Revenue from glyphosate business can be divided into the revenue from
glyphosate TC and that from glyphosate formulations. Sichuan Fuhua, Hubei
Trisun, Nantong Jiangshan and Jiangsu Yangnong were mainly ranked by their
revenue from glyphosate TC while Zhejiang Jinfanda, Weifang Rainbow, CAC
Nantong and Zhejiang Jingma were mainly ranked by their glyphosate formulation
revenue. And the other made almost as much revenue from technical as from
formulations.
Regarding the geographical position, these 10 glyphosate companies are mainly
located in the coastal areas of East China, such as Jiangsu, Zhejiang and
Shandong provinces. In detail, 4 of them are located in Jiangsu, namely Nantong
Jiangshan, Jiangsu Good Harvest-Weien, Jiangsu Yangnong and CAC Nantong;
Zhejiang Wynca, Zhejiang Jinfanda and Zhejiang Jingma are
situated in Zhejiang; Weifang Rainbow is located in Shandong. Besides, Hubei
Trisun is established in Hubei (Central China) and Sichuan Fuhua is located in
Sichuan (Southwest China).
About CCM:
CCM is the leading market intelligence
provider for China's agriculture, chemicals, food & ingredients and life
science markets. Founded in 2001, CCM offers a range of data and content solutions, from price
and trade data to industry newsletters and customized market research reports. Our clients include Monsanto, DuPont, Shell, Bayer, and Syngenta. CCM is a
brand of Kcomber Inc.
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