Global pesticide market is still in downturn and the global pesticide giants also performed badly in their sales. The five major pesticide giants in the globe, Syngenta AG (Syngenta), Bayer CropScience AG (Bayer CropScience), BASF SE (BASF), Dow AgroSciences LLC (Dow AgroSciences) and E. I. du Pont de Nemours and Company, Inc. (DuPont), all can’t still pick themselves up from the bottom regarding to no matter the third quarter sales performance or that of the first three quarters.

However, these five pesticide giants still shone for their star products in the pesticide market in the world in 2016.

CCM is here to share the analysis on the performance of these five giants.

Source: Baidu

Bayer: Pesticides sales value goes down 4.2% YoY in first three quarters

On pesticide sales performance in Q3

In Q3 2016, pesticides sales value went down 4% YoY in Bayer CropScience, with the sales value of EURO1.759 billion. In its four major businesses, the fungicide business increased in its sales value and the sales value of seed and traits was EURO152 million, up 22.6% YoY as well.

In Q3 2016, Bayer CropScience’s sales value of fungicide was EURO615 million, up 6.6% YoY. The sales value of herbicide was EURO480 million, down 1.4% When it comes to insecticide, in Q3, its sales value was EURO385 million, down 18.3% YoY. And the sales value of seed treatment formulation was EURO279illion, down 6.4% YoY.

In Q3 2016, the total sales value including pesticide and seed in Bayer CropScience reached EURO1.911 billion, down 2.4% YoY.

On pesticide sales performance in Q1-Q3 2016

In Q1-Q3 2016, the total pesticides sales value in Bayer CropScience reached EURO5.996 billion, down 4.2% YoY.

The sales value of fungicide was EURO2.282 billion, up 2.1% YoY. The sales value of herbicide was EURO2.094 billion, down 3.9% When it comes to insecticide, its sales value was EURO917 million, down 16.7% YoY. And the sales value of seed treatment formulation was EURO649 million, down 4.8% YoY.

In Q1-Q3 2016, the total sales value including pesticide and seed in Bayer CropScience reached EURO7.093 billion, down 3.1% YoY.

On sales markets

In Q3 2016, Bayer CropScience’s pesticide sales value decreased 5.3% in Latin America, Africa and Middle East, with the sales value of EURO859 million, which was caused by huge fall from the demand in Brazil. According to Bayer CropScience, the Brazil government provided low limits for their credit facility, which affected the market demand. The sales value of insecticide and herbicide declined a lot and that of fungicide increased in the said areas. And the sales value of soybean seed was very inspiring for Bayer CropScience.

In Q3 2016, the total sales value of pesticides was EURO463 million in Europe, up 5.8% YoY. Specifically, the sales value of fungicide, herbicide and rape seed business all increased while that of seed treatment formulations fell.

In Q3 2016, the sales value of pesticides was EURO368 million in North America, up 5.7% YoY. Specifically, the sales value of seed business and herbicide used in corn both increased greatly while that of fungicide and insecticide both decreased.

In Q3 2016, the sales value of pesticides was EURO367 million in Asia Pacific, up only 1.1% YoY. The climate helped to push the fungicide market while the sales value of herbicide, insecticide and seed business went down.

On acquiring Monsanto

The most important news for Bayer CropScience belonged to its plan to acquire Monsanto and both parties have reached agreement on the issue currently. Bayer CropScience had already received a syndicated loan of USD57 billion provided by different banks in early Oct. Bayer CropScience predicted that the acquisition would be completed at the end of 2017.

On prospect

Bayer CropScience believes that the sales value may remain the same in 2016 as that in 2015 but the EBITDA of some special projects would fall a little bit this year.

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Tag: Pesticide