HS Code:
This category includes specialized chemical compounds such as 2'-Amino acetophenone, 3'-Amino acetophenone, 1-Amino-4-bromo-2-methyl anthraquinone, 1,4-Bis [1-anthraquinonyl amino] anthraquinone, 1,4-Di mesidino anthraquinone, 4-Dimethyl amino benzaldehyde, and Imino di anthraquinone. These chemicals fall under the broader classification of organic chemicals, often used as intermediates in the synthesis of dyes, pigments, pharmaceuticals, and other industrial applications. They are typically classified under HS Code 2922 (Oxygen-function amino-compounds) or HS Code 2933 (Heterocyclic compounds with nitrogen hetero-atom(s) only), depending on their specific chemical structure. Global trade in these compounds is driven by demand in industries such as textiles, plastics, and pharmaceuticals, with production often concentrated in countries with strong chemical manufacturing capabilities.
Total Trade Volume
USD 250 million
Data from 2022
Source
UN Comtrade, International Trade Centre (ITC)
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for eco-friendly dyes and pigments
Increased focus on sustainable production methods for anthraquinone derivatives, pushing manufacturers to adopt greener technologies
2021-2022
Growth in pharmaceutical intermediates
Higher demand for amino acetophenones as key intermediates in drug synthesis, especially in anti-inflammatory and analgesic drugs
2020-2022
Supply chain disruptions
Delays in raw material supply due to geopolitical tensions and COVID-19 aftermath, leading to price volatility
2020-2021
The European Union imposed provisional anti-dumping duties ranging from 8% to 15% on certain anthraquinone-based chemicals from China to protect domestic producers.
March 2023
Likely to increase costs for EU importers and shift some trade to Indian suppliers.
Several Indian chemical companies announced investments in expanding production facilities to meet growing global demand for dye and pharmaceutical intermediates.
January 2023
Strengthens India's position as a key exporter, potentially reducing global prices through increased supply.
China introduced stricter environmental compliance requirements for chemical manufacturing, impacting production of anthraquinone and related compounds.
September 2022
Temporary reduction in export volumes from China, creating opportunities for other countries.