HS Code:
2-Aminoanthraquinone (HS Code: 29223900) is an organic compound primarily used as an intermediate in the production of dyes, pigments, and pharmaceuticals. It belongs to the family of anthraquinone derivatives and is crucial in the synthesis of various colorants used in textiles, plastics, and printing inks. Its chemical properties make it a valuable component in industrial applications, particularly in the manufacturing of vat dyes and reactive dyes. The global trade of 2-Aminoanthraquinone is influenced by demand in the textile and chemical industries, with significant production and consumption in regions with strong industrial bases.
Total Trade Volume
USD 150 million
Data from 2022
Source
UN Comtrade Database & International Trade Centre (ITC)
USD 60 million
40% of total trade of total trade
Increasing
USD 30 million
20% of total trade of total trade
Increasing
USD 20 million
13% of total trade of total trade
Stable
USD 15 million
10% of total trade of total trade
Stable
USD 10 million
7% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand in textile dyeing applications
Increased production and export from major manufacturing hubs like China and India due to growing textile industries in Asia
2021-2022
Shift towards sustainable chemical processes
Growing adoption of eco-friendly production methods, pushing manufacturers to invest in green technologies and comply with stringent environmental norms
2020-2022
Fluctuating raw material prices
Price volatility of anthraquinone and related precursors affecting production costs and trade margins globally
2022
The European Union updated its REACH regulations, imposing stricter compliance requirements for 2-Aminoanthraquinone imports to ensure environmental safety and worker protection.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant suppliers.
Major Chinese chemical manufacturers announced plans to expand production facilities for anthraquinone derivatives, including 2-Aminoanthraquinone, to meet rising global demand.
July 2022
Likely to reinforce Chinaโs dominance in the market, potentially lowering global prices due to increased supply.
India introduced anti-dumping duties on 2-Aminoanthraquinone imports from certain countries to protect domestic manufacturers from unfair pricing practices.
November 2022
May lead to a shift in trade patterns, with Indian buyers sourcing from alternative markets or increasing domestic production.