HS Code:
2-(2H-Benzotriazol-2-yl)-4,6-di-tert-pentylphenol (CAS No. 25973-55-1) is a chemical compound classified under HS Code 2933.99.79, which covers heterocyclic compounds with nitrogen hetero-atoms only, not elsewhere specified. This compound is primarily used as a UV stabilizer in plastics, coatings, and other materials to prevent degradation from ultraviolet light exposure. It is a critical additive in industries such as automotive, packaging, and construction for enhancing the durability of products exposed to sunlight.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database and industry reports
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
8% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for UV stabilizers in automotive and packaging industries
Increased production and export from major chemical manufacturing hubs like China and Germany
2021-2022
Shift towards sustainable and bio-based stabilizers
Potential reduction in demand for traditional chemical stabilizers, pushing manufacturers to innovate
2022-2023
Rising raw material costs
Increased prices of UV stabilizers, affecting trade margins and competitiveness
2022
The European Union introduced stricter REACH compliance requirements for chemical stabilizers, including 2-(2H-Benzotriazol-2-yl)-4,6-di-tert-pentylphenol, to ensure environmental safety.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant countries
Several Chinese manufacturers announced plans to increase production of UV stabilizers to meet growing global demand, particularly in Asia-Pacific markets.
March 2023
Likely to strengthen China's dominance in the market, potentially lowering global prices due to economies of scale
Recent negotiations between the US and China included discussions on reducing tariffs for chemical intermediates and stabilizers under HS 2933.99.79.
September 2023
Potential for increased trade flows between the two countries if tariffs are reduced, benefiting US importers