HS Code:
Ammonium (2RS)-2-amino-4-(methylphosphinato)butyric acid, commonly known as Glufosinate Ammonium (CAS No. 77182-82-2), is a broad-spectrum herbicide used in agriculture to control a wide range of weeds. Classified under HS Code 2931.39.00, it falls within the category of organophosphorus compounds. It is widely utilized in genetically modified crop cultivation, particularly for crops resistant to glufosinate, as well as in non-crop areas for weed management. Its effectiveness against tough weeds and relatively low toxicity compared to other herbicides have made it a significant product in the global agrochemical market.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
Derived from UN Comtrade Database and industry reports
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$200 million USD
16.7% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Increasing
$80 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for genetically modified crops
Increased adoption of glufosinate ammonium in regions with GM crop cultivation, particularly in the Americas, boosting trade volumes by approximately 8% annually.
2021-2022
Regulatory restrictions in Europe
Decline in European market share due to stricter environmental regulations and partial bans, redirecting trade to Asia and Latin America.
2020-2022
Shift towards sustainable alternatives
Emerging bio-based herbicides and integrated pest management practices are creating competitive pressure, potentially reducing long-term demand by 5-10% over the next decade.
2022-2023
The European Union conducted a review of glufosinate ammonium's environmental impact, leading to tighter usage restrictions and a phasedown in certain applications.
October 2022
Reduced export opportunities for manufacturers targeting the EU market, pushing focus towards Asia-Pacific and Latin American markets.
A major agrochemical company in China announced the opening of a new glufosinate ammonium production facility, increasing global supply capacity by 15%.
March 2023
Likely to lower global prices due to increased supply, benefiting importing countries but creating price pressure on other producers.
The US Environmental Protection Agency approved expanded use of glufosinate ammonium on additional crop varieties, reinforcing its market position.
July 2023
Expected to increase US import and domestic production demand by 10% in the next two years.