Pyrethroids Market in India Quarterly Report

On 30 March, Hemani Industries filed a draft red herring prospectus with the Securities and Exchange Board of India for a Rs 2,000 crore IPO.

The India market price of cypermethrin technical saw YoY increase as supply getting tight and production running low in the first quarter of the year.

The Ukraine-Russia conflict has halved Ukraine's planting areas and hence undermined the pyrethroids orders to Ukraine, and caused supply disruptions of fertilizers to Brazil and India. Further induced problems may hit Brazil's expansion scheme for planting areas, and reduce India's pyrethroids export to Brazil.

In Jan.-Feb., India exported 476,331 kg of bifenthrin technical, about 87.46% of which went to the US.

In Jan.-Feb., India exported 2,930,216 kg of cypermethrin technical, 48% of which were to the two largest buyers China and Brazil.

In Jan.-Feb., India exported totally 85,495 kg of lambda-cyhalothrin technical, most to Belgium.

In Jan.-Feb., India exported approx. 171,171 kg of deltamethrin technical at USD67.37/kg and 119,963 kg of fenpropathrin technical at USD21.46/kg.

The total output of cotton in India is predicted to decrease in 2021/22, partly due to damages generated by cotton bollworms. Punjab plans to tackle such a problem before seed sowing in 2022/23.

Some wheat-growing areas in China have suffered worse aphid attack than last year, which may somehow pep up the country's demand for lambda-cyhalothrin.

All the synthetic pyrethroids products exported out of India are exempted from duty while the imported ones are subject to 10% duty in 2022.

China and the US levy a tariff rate of 6.5% respectively on synthetic pyrethroids imported from India in 2022.

In Q1, the Indian market prices of pyrethroid technicals saw a 27.54% of growth on average.

Pyrethroids is one of the most popular insecticides in the world. It is widely used in crop protection and hygienic application. Pyrethroids includes bifenthrin, cyfluthrin, cypermethrin, deltamethrin, esfenvalerate, fenpropathrin, fenvalerate, lambda-cyhalothrin, permethrin, etc.

India is a key pyrethroids supplier in the world currently and supplies most of pyrethroids and prethoroid intermediates in the International market. Indian companies, for example, Bharat Rasayan, Hemani, Heranba, Meghmani, Tagros, UPL, Gharda, are the world's key pyrethroids manufacturers.

In this report, CCM focuses on the Indian prethroid company dynamics in acquisition of the latest and in-depth information, looks into trade information, market dynamics, policies in the country, and delivers valuable information and general analysis.