HS Code:
Acid Red 92, also known as Phloxine B (CAS No. 18472-87-2), is a synthetic organic dye classified under HS Code 3204.12.20, which covers acid dyes and preparations based thereon. This chemical compound, with the chemical name disodium 2,3,4,5-tetrachloro-6-(2,4,5,7-tetrabromo-6-oxido-3-oxo-3H-xanthen-9-yl)benzoate, is primarily used as a colorant in various industries, including cosmetics, food (in some regions), and textiles. It is valued for its vibrant red hue and is often employed in applications requiring high color stability. Due to its chemical nature, trade in Acid Red 92 is subject to strict regulations concerning safety and environmental impact in many countries.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
$6 million USD
40% of total trade of total trade
Increasing
$3.5 million USD
23% of total trade of total trade
Increasing
$2 million USD
13% of total trade of total trade
Stable
$1.8 million USD
12% of total trade of total trade
Stable
$1.2 million USD
8% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements or for specific industrial uses in the EU and US)
Rising demand in cosmetic and personal care industries
Increased production and export from major suppliers like China and India due to growing global demand for safe and vibrant colorants in lipsticks and other products
2021-2022
Stringent regulations on synthetic dyes
Decline in trade to regions with strict bans on certain synthetic dyes for food applications, pushing manufacturers to explore alternative markets or natural dyes
2020-2022
Shift towards sustainable production
Manufacturers in Europe and North America are investing in eco-friendly production processes, influencing trade patterns by prioritizing suppliers with green certifications
2022
The European Union updated its REACH regulations in mid-2022, imposing stricter testing requirements for synthetic dyes like Acid Red 92 to ensure safety for human health and the environment.
June 2022
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant suppliers in Asia.
The US Food and Drug Administration initiated a review of Phloxine B's safety profile for use in food products, following concerns raised by health advocacy groups.
March 2023
Possible temporary decline in US imports until the review is completed, with potential long-term effects if restrictions are tightened.
Major Chinese chemical manufacturers announced plans to increase production capacity for synthetic dyes, including Acid Red 92, to meet growing global demand in cosmetics and textiles.
September 2022
Likely to reinforce China's dominance in the market, potentially driving down prices and increasing competitive pressure on other exporters.