HS Code:
2-Methyl-3-[4-(2-methyl-2-propanyl)phenyl]propanal, commonly known as Lily Aldehyde (CAS No. 80-54-6), falls under HS Code 2912.29.60, which covers cyclic aldehydes without other oxygen functions. This chemical compound is widely used in the fragrance industry due to its floral, lily-like scent, making it a key ingredient in perfumes, cosmetics, and personal care products. It is a synthetic aroma chemical that mimics the scent of lilies and is valued for its stability and versatility in formulations.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
$15 million USD
30% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-US trade pacts)
Rising demand for synthetic fragrances in personal care products
Increased production and trade volume, especially in emerging markets like Asia-Pacific
2021-2023
Shift towards sustainable and bio-based alternatives
Potential reduction in demand for fully synthetic aldehydes as consumers prefer eco-friendly options
2022-2023
Growth in e-commerce for fragrance products
Boosted indirect demand for Lily Aldehyde through online sales of perfumes and cosmetics
2020-2023
The European Union tightened restrictions on certain synthetic aldehydes, including Lily Aldehyde, requiring detailed allergen labeling on consumer products.
March 2023
Increased compliance costs for exporters to the EU market, potentially reducing trade volumes in the short term.
A major fragrance chemical manufacturer opened a new production plant in India, aiming to cater to the growing demand in Asia-Pacific.
July 2022
Likely to increase India's export share and reduce costs for regional buyers.
A bilateral agreement reduced tariffs on certain chemical intermediates, including those under HS 2912, facilitating smoother trade flows.
January 2023
Expected to boost trade volumes between the two countries for fragrance chemicals like Lily Aldehyde.