Year-on-year change in prices for insecticide varieties in China 2022

In 2022, the prices of most insecticide varieties in China exhibited negative year-on-year (YoY) changes. acetamiprid TC had the biggest decrease that year, with a negative YoY change of 48 percent, followed by imidacloprid TC with a reduction of 41 percent, and bifenazate TC with a reduction of 39 percent. Propargite TC was one of few insecticides that experienced a positive YoY price change in 2022, at nine percent. This increase was as a result of its limited production capacity, high raw material prices, and low inventories of TCs and formations.
The decline in prices experienced amongst most other insecticide varieties can be attributed to several factors such as the recovery phase of the agrochemical industry from the economic difficulties brought about by energy and consumption control measures that were implemented by the Chinese government in 2021; the subsequent recovery of production capacity; reduced market speculation; and a drawdown of hoarded inventories in foreign markets.