HS Code:
2-Cyanopyridine, also known as 2-Pyridinecarbonitrile (CAS No. 100-70-9), is a heterocyclic compound classified under HS Code 2933.39.91. It is primarily used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and other fine chemicals. This compound plays a critical role in the production of anti-tuberculosis drugs like isoniazid and other pyridine-based derivatives. Due to its specialized applications, the global trade of 2-Cyanopyridine is niche but significant within the chemical industry.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
UN Comtrade Database and industry reports
$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
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in pharmaceutical sector
Increased production and export from China and India due to rising need for anti-tuberculosis drugs and other medications.
2021-2022
Shift towards sustainable production methods
Manufacturers are adopting greener synthesis processes to comply with environmental regulations, potentially increasing production costs.
2022
Supply chain disruptions due to geopolitical tensions
Trade flows affected by export restrictions and shipping delays, leading to price volatility.
2022
A major Indian chemical manufacturer announced the opening of a new facility dedicated to pyridine derivatives, including 2-Cyanopyridine, to meet growing global demand.
March 2023
Expected to increase India's export share by 5-10% in the next two years.
The European Union updated its REACH regulations, imposing stricter documentation and safety standards for importing 2-Cyanopyridine.
January 2023
May lead to reduced imports from non-compliant suppliers and higher costs for exporters.
Recent negotiations between the US and China included discussions on reducing tariffs for specific chemical intermediates like 2-Cyanopyridine.
September 2022
Potential for increased trade volume between the two countries if agreement is finalized.