HS Code:
2-Cyano-4-nitroaniline (HS Code: 292690) is an organic chemical compound primarily used as an intermediate in the synthesis of dyes, pigments, and other chemical products. It belongs to the category of nitriles and is critical in industries such as textiles, plastics, and pharmaceuticals for producing colorants and other specialized chemicals. Due to its specific industrial applications, its trade is often influenced by demand in downstream industries and regulatory constraints related to chemical handling and environmental impact.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
UN Comtrade Database and International Trade Centre (ITC)
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Stable
$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
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for sustainable dyes and pigments
Increased demand for intermediates like 2-Cyano-4-nitroaniline in eco-friendly textile production, pushing trade volumes up by 8% annually
2021-2022
Shift towards Asia-Pacific production
Lower production costs in China and India have shifted manufacturing hubs, increasing export volumes from these countries by 15% over the past five years
2018-2022
Stringent environmental regulations
Regulations in the EU and US have led to a 5% decline in imports from non-compliant suppliers, favoring certified producers
2020-2022
The European Union updated its REACH framework to impose stricter guidelines on the import and use of nitroaniline compounds, including 2-Cyano-4-nitroaniline, to minimize environmental hazards.
March 2023
Expected to reduce imports from non-compliant countries by 10% while increasing costs for certification and compliance.
Major chemical manufacturers in China announced plans to expand production facilities for dye intermediates, including 2-Cyano-4-nitroaniline, to meet growing global demand.
July 2023
Likely to reinforce Chinaโs dominance in the market, potentially lowering global prices by 3-5% due to economies of scale.
The United States introduced anti-dumping duties on imports of certain chemical intermediates from specific Asian countries to protect domestic producers.
September 2022
Increased costs for US importers by 7%, redirecting some trade flows towards alternative suppliers in Europe and India.