Abamectin, a broad-spectrum and highly efficient pesticide, has seen a stabilization in its market price due to its extensive use and growing demand in agricultural practices, particularly in China. As one of the most widely used pesticides in the country, abamectin's market is maturing, leading to a diversification of derivative products and a potential for further expansion in production and sales. Despite fluctuations in the past, the market outlook for abamectin suggests a trend towards price stability, with an increasing role in the global pesticide market.
Abamectin has become a cornerstone in the agricultural sector, particularly in rice cultivation. Its introduction to the rice market by the Chinese Ministry of Agriculture in 2008 has led to a surge in production and sales. Manufacturers have been quick to introduce abamectin and its derivative, emamectin benzoate, to capitalize on the growing insecticide market. According to a report by the Ministry, the annual growth rate of abamectin since 1995 has been approximately 50%. In 2010, the actual sales reached around 1,800 tons from January to August, with an expected annual increase of more than 30%, adding an estimated 2,400 tons to the market (China Pesticide Information Network).
China stands as the largest producer and exporter of abamectin, with significant imports by countries such as India, Thailand, and Vietnam. The export volume has surpassed one hundred tons, indicating a promising trajectory for future growth in Chinese exports. Abamectin's versatility is evident in its application across various domains, including as a miticide, a dual-use insect repellent for livestock, and in home health medicine. This diversity ensures abamectin's continued presence in the pesticide market.
After a period of decline, abamectin prices have begun to rise, but industry insiders suggest that this increase may lack sustainability. The overall market has reached a point of stabilization. In 2009, prices plummeted from 1,050 yuan per ton to approximately 650 yuan, causing many manufacturers to halt production. However, as market confidence improves and production resumes, the supply is expected to meet the new demand. Despite a current production capacity of around 3,800 tons per year, the market faces overcapacity, making long-term price increases unlikely.
The short storage period for Chinese pesticides has ended, and demand for abamectin is anticipated to decrease further in the fourth quarter. Additionally, the time required for manufacturers to adjust to price recoveries and ramp up production will delay their impact on the market.
The price of abamectin has dramatically decreased from more than 10,000 yuan/kg in 1997 to less than one thousand yuan today. This decline is largely attributed to expanded production scales and significant technological advancements that have reduced production costs. As production technology continues to improve, the abamectin market is expected to mature and stabilize, supporting the maintenance of lower prices over the long term.
Emerging industrial pesticides, such as ivermectin, acetyl abamectins, and abamectin emamectin benzoate, are poised to control a variety of important crop pests. The extensive use of abamectin emamectin in rice has opened up new market opportunities, with expectations for these derivatives to claim a larger share of the market space.
In conclusion, the abamectin market demonstrates a trend towards stability and growth, supported by technological advancements, expanding global demand, and the development of new derivative products. As the industry continues to evolve, abamectin is likely to maintain its significant role in global agriculture.
Source: CSPCN
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