HS Code:
2-[4-(2-Methyl-2-propanyl)phenoxy]cyclohexyl 2-propyn-1-yl sulfite, commonly known as Propargite (CAS No. 2312-35-8), is a chemical compound classified under HS subheading 2920.90.10. It is primarily used as an acaricide in agriculture to control mite populations on crops such as cotton, fruits, and vegetables. Propargite belongs to the family of organosulfur compounds and is valued for its effectiveness against resistant mite species. However, its use is regulated in many countries due to environmental and health concerns, including potential toxicity to non-target organisms and humans.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
$15 million USD
30% of total trade of total trade
Stable
$12 million USD
24% of total trade of total trade
Increasing
$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
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Shift towards organic farming
Reduced demand for chemical acaricides like Propargite in favor of bio-based alternatives in regions like the EU and North America.
2021-2022
Increased regulation and bans
Stricter regulations in the EU and parts of Asia have led to declining usage and trade volumes, pushing manufacturers to explore alternative markets.
2020-2022
Growth in emerging markets
Rising agricultural activity in countries like India and Brazil has increased demand for cost-effective pest control solutions, boosting Propargite trade.
2019-2022
The European Union conducted a reassessment of Propargite, leading to stricter usage guidelines due to concerns over environmental persistence and toxicity.
March 2022
Significant reduction in exports to EU countries, redirecting trade to less regulated markets.
A major Chinese agrochemical manufacturer announced the opening of a new facility for Propargite production to meet growing demand in Asia.
July 2022
Increased supply and competitive pricing, potentially boosting exports from China.
Brazilian authorities approved the expanded use of Propargite on additional crops, citing its effectiveness against mite infestations.
September 2021
Increased demand and trade volume in Latin America, particularly from Brazilian agricultural sectors.