HS Code:
2-Octanyl [(4-amino-3,5-dichloro-6-fluoro-2-pyridinyl)oxy]acetate, commonly known as Fluroxypyr-meptyl (CAS No. 81406-37-3), falls under HS Code 2933.39.25. It is a selective herbicide used primarily in agriculture to control broadleaf weeds in cereal crops, pastures, and non-crop areas. Fluroxypyr-meptyl belongs to the pyridine carboxylic acid family and acts by mimicking plant growth hormones, leading to uncontrolled growth and eventual death of targeted weeds. Its trade is significant in agricultural economies, with demand driven by the need for effective weed control solutions to enhance crop yields.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
UN Comtrade Database and industry reports
$80 million USD
32% of global trade of total trade
Increasing
$60 million USD
24% of global trade of total trade
Increasing
$40 million USD
16% of global trade of total trade
Stable
$30 million USD
12% of global trade of total trade
Increasing
$20 million USD
8% of global trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
10% (imposed by certain developing countries to protect domestic agrochemical industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU trade pacts)
Increasing demand for sustainable agriculture
Growing preference for selective herbicides like Fluroxypyr-meptyl that minimize environmental impact while maintaining efficacy, driving market growth in regions with stringent regulations.
2021-2023
Rising adoption of genetically modified crops
Increased use of compatible herbicides such as Fluroxypyr-meptyl in tandem with GM crops, boosting trade volumes in major agricultural exporters like the US and Brazil.
2020-2022
Regulatory scrutiny on pesticide residues
Stricter maximum residue limits (MRLs) in the EU and other regions may restrict market access or increase compliance costs for exporters.
2022-2023
The European Union initiated a reassessment of Fluroxypyr-meptyl under its pesticide regulation framework to evaluate its environmental and health impacts, potentially leading to tighter usage restrictions.
June 2023
Possible reduction in EU market access for exporters if stricter regulations are imposed, prompting companies to seek alternative markets.
A major agrochemical manufacturer in China announced the opening of a new production facility for Fluroxypyr-meptyl, increasing global supply capacity and potentially lowering prices.
March 2023
Increased competition among suppliers, benefiting importers with reduced costs but challenging smaller producers in other regions.
A bilateral agreement between the US and Brazil reduced tariffs on certain agrochemicals, including products under HS Code 2933.39.25, to facilitate trade.
October 2022
Enhanced market access for US exporters to Brazil, one of the largest agricultural markets, likely boosting trade volumes.