HS Code:
1,2-Dicyanobenzene, also known as phthalodinitrile (CAS No. 91-15-6), is an organic compound classified under HS Code 2926.90.43, which covers nitrile-function compounds. It is primarily used as a precursor in the synthesis of phthalocyanine pigments and dyes, which are widely utilized in the production of inks, coatings, and plastics. Additionally, it serves as an intermediate in the manufacture of high-performance polymers and electronic materials due to its chemical stability and reactivity.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$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
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
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 phthalocyanine pigments
Increased production and trade of 1,2-Dicyanobenzene as a key raw material, particularly in Asia-Pacific regions
2021-2022
Shift towards sustainable and high-performance materials
Rising interest in phthalodinitrile-based polymers for aerospace and electronics, boosting niche market growth
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary shortages and price volatility in key exporting regions like China
2022
A major chemical manufacturer in China announced the opening of a new production plant for phthalodinitrile to meet growing regional demand for pigments and dyes.
March 2023
Expected to increase export volumes by 15% over the next two years, stabilizing prices in the Asia-Pacific market.
The European Union updated its REACH regulations, imposing stricter documentation and safety requirements for importing nitrile compounds like 1,2-Dicyanobenzene.
January 2023
Potential delays and increased compliance costs for exporters to the EU market.
Ongoing trade disputes have led to additional tariffs on Chinese chemical exports, including phthalodinitrile, to the United States.
October 2022
Shift in supply chains, with US buyers exploring alternative suppliers in Japan and India.