HS Code:
(2Z,4E)-5-[(1S)-1-Hydroxy-2,6,6-trimethyl-4-oxo-2-cyclohexen-1-yl]-3-methyl-2,4-pentadienoic acid, commonly known as (+)-Abscisic Acid (ABA), is a plant hormone critical for regulating plant growth, stress responses, and seed dormancy. It falls under HS Code 2918.99.50, which covers other carboxylic acids with additional oxygen functions and their derivatives. This compound is primarily used in agricultural research and applications to improve crop resilience to environmental stresses such as drought. It is a niche chemical product with specialized demand in the agricultural and biotechnology sectors.
Total Trade Volume
Approximately $5.2 million USD
Data from 2022
Source
UN Comtrade Database, ITC Trade Map
$2.1 million USD
40.4% of total trade
Increasing
$1.3 million USD
25.0% of total trade
Stable
$0.8 million USD
15.4% of total trade
Increasing
$0.5 million USD
9.6% of total trade
Stable
$0.3 million USD
5.8% of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
8.0% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements or for research purposes in select countries)
Growing demand for stress-tolerant crops
Increased research and application of abscisic acid in agriculture to combat climate change effects, driving trade volume up by 10% annually since 2020.
2020-2022
Advancements in synthetic biology
Development of cost-effective synthetic abscisic acid analogs has slightly reduced demand for natural ABA, impacting trade patterns in high-cost production regions.
2021-2023
Regional agricultural policy shifts
Subsidies for sustainable farming in the EU and US have boosted imports of plant growth regulators like ABA by 7% in these markets.
2022
The European Union introduced stricter guidelines for the import and use of plant hormones, including abscisic acid, to ensure environmental safety and compliance with organic farming standards.
June 2023
Potential short-term reduction in trade volume to the EU due to compliance costs, but long-term benefits for certified suppliers.
A study published by a leading agricultural research institute demonstrated a 20% increase in crop yield under drought conditions using abscisic acid treatments, spurring demand.
March 2023
Expected surge in demand from arid regions and countries investing in climate-resilient agriculture.
Major chemical manufacturers in China announced plans to scale up production of abscisic acid to meet growing global demand, especially in Asia-Pacific markets.
September 2022
Likely to lower global prices and increase Chinaโs export share, potentially impacting smaller producers.