What Is The Market Situation Of Glufosinate Export In 2020?

The growth rate of Glufosinate exports slowed in 2019. According to customs export data, China’s exports of Glufosinate totaled 8,716 tons in 2019, a year-on-year increase of 12%. It is worth noting that the growth of Glufosinate exports has slowed down after 2016.

We believe that there are two reasons, mainly due to the expansion of foreign companies such as BASF and UPL.Followed by the increase in base the difficulty of increasing the rate gradually increases. From the perspective of exporting countries, the United States is the most important market in 2019, accounting for 41%, followed by Vietnam and Malaysia.

Backlog of orders reflected in March, exports increased by 24% to 941 tons.

The epidemic caused the export of Glufosinate to decline in January-February. Business start-ups declined, logistics was poor, and industry exports feel 48% to 577 tons.

Affected by the epidemic situation, the current supply of Glufosinate has not yet been restored, but it is expected that China will return to normal levels in the third quarter.