HS Code:
The product category [1α(S*),3α(Z)]-(±)-Cyano(3-phenoxyphenyl)methyl 3-(2-chloro-3,3,3-trifluoro-1-propenyl)-2,2-dimethylcyclopropanecarboxylate falls under the broader classification of insecticides and pesticides, often categorized under HS Code 2926.90 (Nitrile-function compounds, including specific derivatives used as pesticides). This chemical compound is commonly associated with synthetic pyrethroids, used extensively in agricultural and public health applications for pest control due to its high efficacy against a wide range of insects. It is a specialized chemical with applications in crop protection and vector control (e.g., mosquitoes).
Total Trade Volume
Approximately $1.2 billion USD (for related pyrethroid compounds)
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Decreasing
$80 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-US or CPTPP)
Rising demand for sustainable pest control solutions
Increased scrutiny on synthetic pyrethroids leading to a push for bio-based alternatives, potentially reducing market share for this category in developed markets
2021-2023
Growth in agricultural productivity in Asia-Pacific
Higher demand for effective insecticides like this compound in countries with expanding agricultural sectors, driving export growth for producers like China and India
2020-2022
Stringent regulatory frameworks in the EU and US
Reduced usage and trade due to bans or restrictions on certain pyrethroids over environmental concerns, affecting market dynamics in these regions
2019-2023
The European Union introduced stricter Maximum Residue Limits (MRLs) for pyrethroid-based pesticides, including compounds like [1α(S*),3α(Z)]-(±)-Cyano(3-phenoxyphenyl)methyl derivatives, to minimize environmental impact.
March 2023
Potential reduction in EU imports, pushing exporters to focus on markets with less stringent regulations.
Major Chinese chemical manufacturers announced investments in production facilities for synthetic pyrethroids to meet growing global demand, particularly from Asia and Africa.
July 2022
Increased supply may lead to competitive pricing, benefiting importing countries but pressuring margins for smaller producers.
The US Environmental Protection Agency (EPA) initiated a comprehensive review of pyrethroid pesticides to assess risks to pollinators and aquatic ecosystems.
October 2022
Possible future restrictions or labeling requirements could impact trade volumes and market access in the US.