HS Code:
(3-Bromo-6-methoxy-2-methylphenyl)(2,3,4-trimethoxy-6-methylphenyl)methanone, commonly known as Metrafenone, is a chemical compound classified under HS Code 2914.79.90, which pertains to other ketones and quinones, whether or not with other oxygen function, and their halogenated, sulfonated, nitrated, or nitrosated derivatives. Metrafenone is primarily used as a fungicide in agriculture to protect crops, particularly grapes and cereals, from fungal diseases such as powdery mildew. It functions by inhibiting fungal cell wall synthesis, offering a unique mode of action that helps in resistance management. This product is traded globally, with significant demand in regions with intensive agricultural activities.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated data based on global trade reports and agricultural chemical market analysis (e.g., UN Comtrade, 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
$7 million USD
14% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries with protective agricultural policies)
Lowest Rate
0% (under free trade agreements or in major exporting countries like Germany)
Increasing demand for sustainable fungicides
Growing preference for fungicides like Metrafenone with lower environmental impact and unique resistance management profiles is driving market growth, especially in Europe and North America.
2021-2023
Rising agricultural production in Asia-Pacific
Increased crop cultivation in countries like India and China is boosting demand for effective fungicides, leading to higher trade volumes for Metrafenone.
2020-2022
Regulatory tightening in key markets
Stricter regulations on pesticide residues and environmental impact in the EU and US may pose challenges for market entry, affecting trade dynamics.
2022-2023
The European Union renewed the approval of Metrafenone as an active substance for fungicide use, ensuring continued market access for exporters.
June 2023
This development stabilizes trade in the European market, which accounts for a significant share of global demand, encouraging exporters to maintain or increase supply.
A major chemical manufacturer in China announced the opening of a new facility to produce Metrafenone, aiming to meet rising domestic and export demand.
March 2023
Increased production capacity in China is likely to lower global prices and intensify competition, benefiting importers but challenging smaller producers.
The US Environmental Protection Agency initiated a review of safety standards for fungicides, including Metrafenone, to assess environmental and health impacts.
September 2022
Pending results could lead to stricter import regulations or usage restrictions, potentially affecting trade volumes in the US market.