HS Code:
α-(4-Chlorophenyl)-α-(1-cyclopropylethyl)-1H-1,2,4-triazole-1-ethanol, commonly known as Cyproconazole (CAS No. 94361-06-5), is a systemic fungicide belonging to the triazole class. It is widely used in agriculture to protect crops such as cereals, soybeans, and fruits from fungal diseases like rusts and powdery mildew. Classified under HS Code 2933.99.22, this chemical falls under the category of heterocyclic compounds with nitrogen hetero-atoms, reflecting its specialized use in agrochemical applications. Global trade in Cyproconazole is driven by demand in agricultural markets, particularly in regions with intensive crop production.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
$45 million USD
30% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$25 million USD
17% of total trade of total trade
Increasing
$20 million USD
13% of total trade of total trade
Increasing
$15 million USD
10% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or in WTO member countries with reduced tariffs)
Rising demand for fungicides in Latin America
Increased exports to Brazil and Argentina due to expanding soybean and cereal cultivation, driving trade volume growth by 8% annually
2021-2022
Shift towards sustainable agriculture
Growing regulatory scrutiny and demand for eco-friendly alternatives may reduce Cyproconazole usage in the EU, impacting trade by 5% decline in certain markets
2020-2022
Technological advancements in formulation
Improved efficacy and lower dosage requirements are sustaining demand in Asia-Pacific, with a projected trade growth of 6% in the region
2022
The European Union conducted a review of triazole-based fungicides, including Cyproconazole, to assess environmental and health impacts, leading to stricter usage guidelines.
March 2023
Potential reduction in EU imports by 10-15% as manufacturers adapt to new compliance requirements.
Major Chinese agrochemical companies announced plans to increase production of Cyproconazole to meet rising global demand, especially in South America and Africa.
July 2022
Likely to lower global prices by 3-5% due to increased supply, benefiting importing countries.
Brazilian agricultural authorities approved Cyproconazole for additional crops, boosting its demand in one of the largest agricultural markets.
September 2022
Expected to increase trade volume to Brazil by 12% in the next two years.