HS Code:
The product category [1,2,3,4,8,9,10,11,15,16,17,18,22,23,25 - Pentadecachloro - 29,31-dihydro-5H, 26H-phthalocyaninato (2-) -ฮบ2 N29, N31] copper (CAS No. 1328-53-6), classified under HS subheading 3204.17.90, refers to a specific type of synthetic organic coloring matter, commonly known as Pigment Green 7. This compound is a chlorinated copper phthalocyanine pigment widely used in industrial applications such as paints, coatings, plastics, textiles, and printing inks due to its excellent color strength, lightfastness, and chemical resistance. It is a critical component in industries requiring durable green pigmentation.
Total Trade Volume
Approximately $500 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$200 million USD
40% of total trade of total trade
Increasing
$100 million USD
20% of total trade of total trade
Increasing
$75 million USD
15% of total trade of total trade
Stable
$50 million USD
10% of total trade of total trade
Stable
$25 million USD
5% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in eco-friendly coatings
Increased use of Pigment Green 7 in water-based and low-VOC paints due to environmental regulations, boosting trade volume by 10% annually in key markets.
2021-2023
Shift towards Asia-Pacific production
China and India have emerged as dominant producers due to lower manufacturing costs, capturing a larger share of global exports.
2018-2022
Technological advancements in pigment synthesis
Innovations in production processes have reduced costs and improved pigment quality, driving competitiveness in the market.
2020-2023
The European Union has updated REACH regulations, mandating stricter documentation and testing for chlorinated phthalocyanine pigments to ensure environmental safety.
January 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume by 5-7% for non-compliant suppliers.
Major Chinese manufacturers have invested in expanding facilities for Pigment Green 7 production to meet growing global demand, particularly in the Asia-Pacific region.
March 2022
Strengthened Chinaโs position as the leading exporter, potentially lowering global prices due to increased supply.
The United States imposed anti-dumping duties on imports of certain organic pigments from specific countries to protect domestic manufacturers.
September 2021
Shift in trade patterns, with US importers sourcing more from alternative suppliers like India and Germany.