HS Code:
Acrylic acid and its salts (HS Code: 291611) are key chemical compounds used primarily in the production of superabsorbent polymers, coatings, adhesives, and textiles. Acrylic acid is a vital raw material in industries such as personal care (diapers, hygiene products), construction, and automotive. Its salts, such as sodium acrylate, are often used in similar applications. The global trade of acrylic acid and its salts is driven by industrial demand, particularly in regions with strong manufacturing bases.
Total Trade Volume
USD 3.5 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for superabsorbent polymers
Increased trade volume due to growing hygiene product markets in Asia-Pacific and Africa
2021-2023
Shift toward bio-based acrylic acid
Emerging technologies and sustainability goals are driving investments in bio-based alternatives, affecting traditional trade patterns
2022-2023
Supply chain disruptions
Global shipping delays and raw material shortages have led to price volatility and trade imbalances
2021-2022
The European Union introduced provisional anti-dumping duties ranging from 8% to 15% on acrylic acid imports from China to protect domestic producers.
March 2023
Potential shift in trade flows as EU buyers may source from other regions like the US or South Korea.
A major chemical company announced the construction of a new acrylic acid production plant in Saudi Arabia, aiming to cater to Middle Eastern and African markets.
June 2023
Expected to increase regional supply and reduce dependency on Asian exports.
Ongoing trade disputes have led to additional tariffs on Chinese acrylic acid exports to the US, prompting diversification of supply chains.
January 2023
US importers are exploring alternative suppliers in Europe and South Korea, reshaping trade patterns.