HS Code:
Buta-1,3-diene, classified under HS Code 2901.24, is a colorless gas with a mild aromatic odor, primarily used as a key raw material in the production of synthetic rubber, plastics, and resins. It is a critical component in the manufacture of polybutadiene and styrene-butadiene rubber, which are essential for the automotive and tire industries. Global trade in Buta-1,3-diene is driven by demand from industrial sectors, particularly in regions with strong manufacturing bases.
Total Trade Volume
Approximately 12.5 million metric tons
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
2.8 million metric tons
22.4% of total trade of total trade
Increasing
2.2 million metric tons
17.6% of total trade of total trade
Stable
1.5 million metric tons
12.0% of total trade of total trade
Increasing
1.3 million metric tons
10.4% of total trade of total trade
Increasing
1.0 million metric tons
8.0% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Rising demand for synthetic rubber in automotive sector
Increased trade volumes, particularly in Asia-Pacific, as tire manufacturing grows
2021-2023
Shift towards bio-based alternatives
Potential reduction in traditional Buta-1,3-diene trade as sustainable options gain traction
2022-2025
Supply chain disruptions due to geopolitical tensions
Price volatility and regional trade imbalances, especially in Europe
2022
The European Union introduced new regulations on the transport and storage of Buta-1,3-diene to reduce environmental risks, impacting trade logistics.
March 2023
Increased compliance costs for exporters to the EU, potentially shifting trade to less regulated markets
Major South Korean petrochemical companies announced investments in new Buta-1,3-diene plants to meet growing Asian demand.
July 2022
Strengthened South Korea's position as the leading exporter, likely increasing global supply
Negotiations between the US and China included discussions on reducing tariffs for petrochemical products, including Buta-1,3-diene.
September 2023
Potential for increased bilateral trade if agreement is finalized, reducing costs for manufacturers