HS Code:
Tolpyralate (CAS No. 1101132-67-5), classified under HS Code 2933.19.23, is a chemical compound used primarily as an herbicide in agricultural applications. It belongs to the pyrazole family and is known for its efficacy in controlling broadleaf weeds and certain grasses in crops such as corn. The compound, with the chemical name 1-[[1-ethyl-4-[3-(2-methoxyethoxy)-2-methyl-4-(methylsulfonyl)benzoyl]-1H-pyrazol-5-yl]oxy]ethyl methyl carbonate, is a specialized agrochemical product that plays a critical role in modern farming practices by enhancing crop yield through weed management.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated data based on global trade reports and agrochemical market analysis from sources like UN Comtrade and industry reports
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$7 million USD
14% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Growing demand for sustainable agriculture
Increased adoption of selective herbicides like Tolpyralate due to their targeted action and lower environmental impact compared to broad-spectrum alternatives.
2021-2023
Rise in genetically modified (GM) crop cultivation
Higher demand for compatible herbicides like Tolpyralate, especially in regions with significant GM corn production such as North and South America.
2020-2022
Stringent regulatory frameworks
Delays in market entry and increased compliance costs due to rigorous testing and approval processes for agrochemicals in the EU and other regions.
2019-2023
Tolpyralate received regulatory approval for use in Brazil and Argentina, expanding its market reach in South America, a key region for corn production.
March 2023
Expected to boost trade volume by 15% in the region over the next two years.
Major agrochemical companies have entered into distribution agreements with local partners in Asia-Pacific to promote Tolpyralate-based products.
July 2022
Likely to increase market penetration in countries like Japan and South Korea, contributing to a 10% rise in regional trade.
The European Union introduced stricter guidelines for sulfonyl-based herbicides, which may impact Tolpyralate’s market access in the region.
October 2022
Potential reduction in EU market share unless compliance with new standards is achieved.