HS Code:
(4E)-4-[(2,5-Dichlorophenyl)hydrazono]-3-oxo-3,4-dihydro-2-naphthalenecarboxylic acid, commonly used as an acid dye for Pigment Red 144 (CAS No. 51867-77-7), falls under HS Code 3204.12.45. This chemical compound is primarily utilized in the production of synthetic organic coloring matter, specifically as a dye intermediate for pigments used in textiles, plastics, and coatings. Acid dyes like this are typically applied to nylon, wool, and silk, offering vibrant colors with good lightfastness and washfastness properties. The global trade of such chemical intermediates is driven by demand in the textile and industrial sectors, particularly in regions with robust manufacturing capabilities.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
$20 million USD
40% of total trade of total trade
Increasing
$15 million USD
30% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
$4 million USD
8% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable dyes
Increased R&D investment in eco-friendly dye intermediates, pushing manufacturers to adapt to stricter environmental regulations.
2021-2023
Shift of production to Asia-Pacific
Lower production costs in China and India have led to a concentration of supply chains in the region, affecting global pricing dynamics.
2019-2022
Fluctuating raw material prices
Volatility in petrochemical derivatives impacts production costs, leading to price instability for acid dye intermediates.
2020-2023
The European Union updated REACH regulations to impose stricter controls on chemical intermediates, including acid dyes, to minimize environmental impact.
January 2023
Exporters to the EU must invest in compliance, potentially increasing costs but ensuring market access.
China reduced export tax rebates for certain chemical products, including dye intermediates, to focus on domestic sustainability goals.
April 2022
Slight reduction in Chinese export competitiveness, opening opportunities for Indian suppliers.
The United States imposed additional tariffs on specific chemical imports from China under Section 301, affecting dye intermediates.
September 2022
Increased costs for US importers, potentially shifting sourcing to other countries like India or Mexico.