According to data from China Customs, China’s fungicide formulation exports saw solid growth in the first two months of 2025, signaling increased demand across emerging markets, though unit prices remained under pressure.
Breakdown by Month:
January 2025
- Export Volume: 20,430.15 tons (+15.31% YoY)
- Export Value: USD 98.36 million (+9.59% YoY)
- Average Unit Price: –5.13% YoY
- Top Destinations:
- Brazil: Volume -18.31%, Value -17.07%, Price +1.61%
- Bangladesh: Volume +32.21%, Value +105.28%, Price +55.12%
- Thailand: Volume +39.36%, Value +29.45%, Price -7.21%
February 2025
- Export Volume: 13,082.74 tons (+5.14% YoY)
- Export Value: USD 65.86 million (+20.66% YoY)
- Average Unit Price: +14.58% YoY
- Top Destinations:
- Thailand: Volume +57.92%, Value +63.44%, Price +21.9%
- Vietnam: Volume +39.86%, Value +135.6%, Price +26.02%
- Brazil: Volume +41.61%, Value -6.42%, Price +4.39%
Mixed Export Performance Reflects SeasonalityJanuary saw a front-loaded surge in both production and exports in anticipation of the holiday lull. Chinese New Year (CNY) in February caused domestic production and logistics slowdowns. Many factories reduced operations or temporarily shut down during the holiday, and port activity typically slows down.
