HS Code:
Acetoacetanilide (HS Code: 292429) is an organic compound primarily used as an intermediate in the synthesis of dyes, pigments, and agrochemicals. It belongs to the category of cyclic amides and is a critical raw material in the production of yellow and orange azo pigments, which are widely used in the textile, printing, and plastics industries. Its chemical structure allows for versatile applications in industrial processes, making it a significant commodity in global chemical trade.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database, ITC Trade Map
$60 million USD
40% of total trade of total trade
Increasing
$35 million USD
23% of total trade of total trade
Increasing
$20 million USD
13% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-India FTA)
Rising demand for eco-friendly pigments
Increased focus on sustainable production methods for Acetoacetanilide, pushing manufacturers to adopt greener technologies and comply with environmental regulations.
2021-2023
Growth in textile and plastics industries in Asia-Pacific
Higher consumption of Acetoacetanilide in emerging economies like India and Vietnam, driving export growth from major producers like China.
2020-2022
Supply chain disruptions due to geopolitical tensions
Price volatility and delays in shipments, particularly affecting European importers reliant on Asian suppliers.
2022
The European Union introduced provisional anti-dumping duties ranging from 8-10% on Acetoacetanilide imports from China to protect domestic producers from unfair pricing practices.
March 2023
Increased costs for European importers, potential shift in sourcing to Indian suppliers.
Major Indian chemical manufacturers announced investments in expanding Acetoacetanilide production facilities to meet growing domestic and export demand.
July 2022
Strengthened Indiaโs position as a key global supplier, likely to increase market share in the coming years.
China introduced stricter environmental compliance standards for chemical manufacturing, impacting Acetoacetanilide production costs and output.
January 2023
Short-term supply constraints and price increases, potential opportunities for other exporting countries.