HS Code:
1,4-Dihydroxyanthraquinone and 2-Ethylanthraquinone fall under the category of organic compounds used primarily as intermediates in the production of dyes, pigments, and other chemical products. 1,4-Dihydroxyanthraquinone, also known as quinizarin, is a key raw material for manufacturing anthraquinone dyes, while 2-Ethylanthraquinone is widely used in the production of hydrogen peroxide through the anthraquinone process. These chemicals are critical in industries such as textiles, paper, and chemical manufacturing. Their trade is influenced by industrial demand, raw material availability, and environmental regulations.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
UN Comtrade Database, ITC Trade Map
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Increasing
$20 million USD
13% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% 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 hydrogen peroxide
Increased trade of 2-Ethylanthraquinone due to its role in hydrogen peroxide production, driven by demand in pulp and paper bleaching and water treatment industries.
2021-2023
Shift towards sustainable dyes
Moderate growth in 1,4-Dihydroxyanthraquinone trade as industries seek eco-friendly dye alternatives amid stricter environmental regulations.
2020-2022
Supply chain disruptions
Fluctuations in trade volumes due to raw material shortages and logistical challenges stemming from global events like the COVID-19 pandemic.
2020-2021
China imposed stricter export controls on certain chemical intermediates, including anthraquinone derivatives, to prioritize domestic supply and comply with environmental standards.
January 2023
Potential increase in global prices and shift of trade reliance to other exporters like India.
The EU introduced new regulations under the Green Deal framework, mandating lower emission standards for chemical production, affecting the import of anthraquinone-based products.
July 2022
Increased compliance costs for exporters to the EU, potentially reducing trade volumes in the short term.
Innovations in the anthraquinone process have led to more efficient use of 2-Ethylanthraquinone, boosting demand in markets with high hydrogen peroxide needs.
March 2023
Positive growth in trade volumes, especially in Asia-Pacific and North American markets.