HS Code:
2'-Chloroacetoacetanilide (CAS No. 93-70-9) is an organic chemical compound classified under HS Code 2924.29.77. It belongs to the category of cyclic amides, including their derivatives and salts. This compound is primarily used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and dyes. It plays a critical role in the production of various active ingredients for pesticides and other industrial applications. Due to its specialized use, the global trade of 2'-Chloroacetoacetanilide is relatively niche, with demand driven by the chemical and agricultural sectors.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$6.5 million USD
43.3% of total trade of total trade
Increasing
$3.8 million USD
25.3% of total trade of total trade
Increasing
$1.9 million USD
12.7% of total trade of total trade
Stable
$1.2 million USD
8.0% of total trade of total trade
Stable
$0.8 million USD
5.3% 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-Japan EPA)
Rising demand for agrochemical intermediates
Increased production in China and India due to growing agricultural needs in Asia-Pacific, driving up export volumes by 8-10% annually.
2021-2022
Shift towards sustainable chemical synthesis
Pressure on manufacturers to adopt greener production methods, potentially increasing costs but opening markets in environmentally conscious regions like the EU.
2022
Supply chain disruptions due to geopolitical tensions
Delays in raw material supply from key exporters like China, leading to price volatility and a 5% increase in costs for importers.
2022
The European Union has updated its REACH regulations to include stricter guidelines on the import and use of chemical intermediates like 2'-Chloroacetoacetanilide, requiring detailed safety data sheets.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume by 3-5% in the short term.
Under the 'Make in India' initiative, the Indian government has provided subsidies for local production of chemical intermediates, including 2'-Chloroacetoacetanilide.
March 2023
Enhanced export competitiveness, with India projected to increase its market share by 5% over the next two years.
China has implemented stricter environmental regulations on chemical manufacturing plants, leading to temporary shutdowns of smaller producers of 2'-Chloroacetoacetanilide.
September 2022
Short-term supply shortages, causing a 7% price hike globally, though larger producers are expected to stabilize the market by mid-2024.