HS Code:
3,3-Dimethylbutan-2-ol, commonly known as pinacolyl alcohol, is a tertiary alcohol used primarily as an intermediate in the synthesis of various chemical compounds, including pesticides, herbicides, and pharmaceuticals. It falls under the broader category of organic chemicals, often classified under HS Code 2905.19 (acyclic alcohols and their derivatives). This chemical is a key component in industrial applications due to its unique chemical structure, which provides stability and reactivity for specific syntheses.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
$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
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US or within ASEAN)
Rising demand in agrochemical production
Increased trade volume as pinacolyl alcohol is a precursor for herbicides and pesticides, particularly in Asia-Pacific markets
2021-2022
Shift towards sustainable chemical synthesis
Moderate growth in demand for bio-based alternatives, potentially impacting traditional pinacolyl alcohol markets
2022
Regulatory tightening in Europe
Stricter environmental and safety regulations under REACH are increasing compliance costs for exporters
2020-2022
The European Union updated its REACH regulations, imposing stricter documentation and safety data requirements for intermediates like pinacolyl alcohol.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes in the short term.
A bilateral agreement reduced tariffs on certain organic chemicals, including those under HS Code 2905, fostering greater market access for pinacolyl alcohol.
January 2023
Boosted trade between the US and China, with a projected 10% increase in export volumes.
A major chemical manufacturer in India announced the opening of a new facility capable of producing pinacolyl alcohol derivatives, targeting export markets.
June 2022
Strengthened India's position as an emerging exporter, potentially shifting global supply dynamics.