HS Code:
Benzoin tetrahydropyranyl ester and Xanthen-9-one fall under a specialized category of organic compounds often used in the fragrance, pharmaceutical, and chemical industries. Benzoin tetrahydropyranyl ester is primarily utilized as a fragrance ingredient due to its balsamic and sweet notes, while Xanthen-9-one serves as a key intermediate in the synthesis of dyes, pigments, and pharmaceutical compounds. These products are niche but critical in specific industrial applications, often traded in smaller volumes compared to bulk chemicals. Their trade is influenced by demand in cosmetics, perfumery, and specialized chemical manufacturing sectors.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
$15 million USD
30% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$7 million USD
14% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
10% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-US trade pacts)
Rising demand in the fragrance industry
Increased trade volumes particularly in Europe and North America due to growth in premium perfumery products
2021-2022
Shift towards sustainable sourcing
Manufacturers are prioritizing eco-friendly production methods, influencing supplier selection and trade patterns
2020-2022
Growth in pharmaceutical applications
Higher demand for Xanthen-9-one as an intermediate in drug synthesis, boosting trade in Asia-Pacific markets
2019-2022
The European Union introduced stricter regulations on the import of chemical intermediates like Xanthen-9-one, requiring detailed environmental impact assessments.
March 2023
Potential delays in shipments and increased compliance costs for exporters to the EU market
A new bilateral agreement reduced tariffs on niche chemical compounds, including Benzoin tetrahydropyranyl ester, fostering smoother trade between the two nations.
January 2023
Expected increase in trade volume between the US and China by 10-15% over the next two years
A leading German chemical company announced a breakthrough in synthetic alternatives to Benzoin tetrahydropyranyl ester, potentially reducing reliance on natural derivatives.
September 2022
May lead to shifts in market dynamics, with reduced costs but potential quality concerns in fragrance applications