HS Code:
Etoxazole (CAS No. 153233-91-1), classified under HS subheading 2934.99.18, is a chemical compound used primarily as an acaricide in agricultural applications. It belongs to the class of oxazoline derivatives and is effective against mites and other pests in crops such as fruits, vegetables, and ornamental plants. This compound is a niche product in the global agrochemical market, with trade driven by demand for pest control solutions in agriculture-intensive regions. Its trade is influenced by regulatory frameworks, environmental concerns, and the availability of alternative pest control methods.
Total Trade Volume
Approximately USD 50 million
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
Average Rate
5.5%
Highest Rate
10% (applied by certain developing countries to protect local agrochemical industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for sustainable pest control solutions
Increased scrutiny on chemical acaricides like Etoxazole may reduce demand in favor of biopesticides in regions with strict environmental regulations such as the EU.
2021-2023
Growth in agricultural production in emerging markets
Higher demand for Etoxazole in countries like Brazil and India due to expanding agricultural sectors and pest challenges.
2020-2022
Regulatory changes in pesticide approvals
Stricter regulations in markets like the EU and US may limit market access or require reformulation, impacting trade volumes.
2022-2023
The European Union initiated a reassessment of Etoxazole's environmental impact, focusing on its effects on non-target organisms and groundwater contamination risks.
June 2023
Potential restrictions or bans in the EU market could reduce export opportunities for producers, shifting focus to less regulated markets.
A major agrochemical manufacturer in China announced the opening of a new production facility for Etoxazole to meet rising demand in Asia-Pacific.
March 2023
Increased supply from China could lower global prices, intensifying competition for established producers in Japan and the US.
A new trade agreement reduced tariffs on agrochemicals, including Etoxazole, between Japan and ASEAN countries, facilitating easier market access.
January 2023
Expected to boost Japan's export volume to Southeast Asia, where agricultural pest control demand is growing.