HS Code:
The category 'Containing any aromatic or modified aromatic herbicide, anti-sprouting agent or plant-growth regulator' (likely classified under HS Code 3808.93, depending on specific product details) includes chemical products used in agriculture to control weeds, prevent sprouting in stored crops, and regulate plant growth. These products often contain aromatic compounds or their modified derivatives, which are critical for their efficacy. This category is vital for modern agricultural practices, ensuring higher crop yields and quality by managing unwanted plant growth and enhancing productivity. The trade of these products is influenced by agricultural demand, environmental regulations, and innovations in chemical formulations.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
Average Rate
5.8%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Shift towards bio-based and eco-friendly alternatives
Increasing demand for sustainable herbicides and growth regulators, reducing market share of traditional aromatic chemical products
2021-2023
Rising agricultural demand in developing regions
Significant growth in exports to Asia-Pacific and Latin America due to expanding agricultural sectors
2020-2022
Regulatory tightening in developed markets
Stricter regulations in the EU and North America are pushing manufacturers to innovate safer formulations, increasing R&D costs
2019-2023
The European Union implemented a ban on specific aromatic herbicides due to environmental and health concerns, affecting key exporters like the US and China.
June 2022
Reduction in EU imports by approximately 12%, with exporters redirecting to markets in Asia and Africa.
A new phase of the US-China trade agreement reduced tariffs on agricultural chemicals, including herbicides and plant-growth regulators.
January 2023
Boosted Chinese exports to the US by 8% in the first half of 2023, strengthening bilateral trade in this category.
Major agrochemical companies introduced new modified aromatic compounds with lower environmental impact, gaining traction in regulated markets.
March 2023
Expected to increase market share for companies investing in sustainable solutions, particularly in Europe.