HS Code:
1,3,5-Triazinane-2,4,6-trione—1,3,5-triazine-2,4,6-triamine (1:1) (CAS No. 37640-57-6), classified under HS subheading 2933.69.60, is a chemical compound often used in industrial applications, including as a stabilizer or intermediate in the production of resins, plastics, and flame retardants. This compound belongs to the heterocyclic compounds category with nitrogen hetero-atoms, specifically triazines. It plays a critical role in industries such as textiles, automotive, and construction due to its thermal stability and chemical resistance properties.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database and ITC Trade Map
$60 million USD
40% of global trade of total trade
Increasing
$30 million USD
20% of global trade of total trade
Stable
$25 million USD
16.7% of global trade of total trade
Increasing
$15 million USD
10% of global trade of total trade
Stable
$10 million USD
6.7% of global trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in flame retardant applications
Increased production and export from manufacturing hubs like China and South Korea due to stricter fire safety regulations globally.
2021-2023
Shift towards sustainable alternatives
Potential decline in demand as industries explore bio-based or less toxic substitutes for triazine compounds.
2022-2025
Rising raw material costs
Higher production costs leading to price increases, impacting smaller importers in developing regions.
2022-2023
The European Union introduced stricter guidelines on the use of triazine-based chemicals in consumer goods, citing environmental and health concerns.
June 2023
Likely to reduce imports into the EU market while pushing manufacturers to innovate greener alternatives.
China announced incentives for chemical exporters to boost production capacity, focusing on triazine derivatives for industrial use.
March 2023
Expected to further solidify China's dominance in the global market, potentially lowering prices due to increased supply.
The United States adjusted tariffs on certain chemical imports, including triazine compounds, as part of broader trade negotiations.
September 2022
May affect trade flows, with US importers seeking alternative suppliers from non-tariffed regions.