HS Code:
2,2-Dimethylcyclopropylcarboxamide is a chemical compound often used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and other specialty chemicals. It falls under the broader category of organic compounds used in industrial applications. Due to its specialized nature, trade in this product is niche but critical for specific industries, particularly in the production of pesticides and medicinal drugs.
Total Trade Volume
USD 15 million
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 6 million
40% of total trade
Increasing
USD 3 million
20% of total trade
Increasing
USD 2.5 million
16.7% of total trade
Stable
USD 2 million
13.3% of total trade
Stable
USD 1.5 million
10% of total trade
Decreasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in agrochemical sector
Increased production and export from major chemical manufacturing hubs like China and India due to growing global need for pesticides.
2021-2022
Shift towards sustainable chemical synthesis
Pressure on manufacturers to adopt greener production methods, potentially increasing costs but opening new markets in eco-conscious regions.
2022
Pharmaceutical industry growth
Moderate increase in demand as a pharmaceutical intermediate, especially in markets focusing on generic drug production.
2020-2022
The European Union introduced stricter guidelines under REACH for the import and use of chemical intermediates like 2,2-Dimethylcyclopropylcarboxamide, requiring detailed safety data sheets.
January 2023
Potential delays in imports to EU markets and increased compliance costs for exporters.
China adjusted its export tax rebate policy for certain chemical compounds, including intermediates, to encourage domestic value addition.
March 2022
Slight reduction in export competitiveness, though China remains the dominant supplier.
Ongoing discussions between the US and India include reducing tariffs on chemical intermediates to boost bilateral trade.
September 2023
Potential increase in trade volume between the two countries if agreement is reached.