HS Code:
1-Nitroanthraquinone (1-nitroanthracene-9,10-dione, CAS No. 82-34-8) is an organic compound classified under HS Code 2914.79.40, which covers other halogenated, sulfonated, nitrated, or nitrosated derivatives of ketones and quinones. It is primarily used as an intermediate in the production of dyes, pigments, and other chemical compounds. This compound plays a significant role in the chemical industry, particularly in the synthesis of anthraquinone-based dyes used in textiles and other industrial applications.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database and industry reports
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for anthraquinone dyes in textile industries
Increased production and export from major chemical manufacturing hubs like China and India
2021-2022
Shift towards sustainable chemical production
Pressure on manufacturers to adopt greener synthesis methods, potentially increasing production costs
2020-2022
Rising raw material costs
Slight reduction in profit margins for producers, influencing pricing in global markets
2022
The European Union introduced stricter regulations on the import of nitro compounds, requiring detailed safety data sheets and compliance with REACH standards.
January 2023
Increased compliance costs for exporters to the EU market, potentially reducing trade volume from non-compliant countries.
Major Chinese chemical companies announced plans to expand production facilities for anthraquinone derivatives to meet growing global demand.
March 2022
Likely to solidify China's position as the leading exporter, potentially lowering global prices due to economies of scale.
The United States imposed additional tariffs on certain chemical intermediates, including 1-Nitroanthraquinone, as part of trade measures targeting specific countries.
September 2022
Potential shift in trade patterns, with US importers seeking alternative suppliers from non-tariffed countries like India.