HS Code:
The category 'Containing by weight 35 percent or more of diphosphorus pentaoxide (P2O5)' (likely falling under HS Code 2809.10.00) pertains to diphosphorus pentaoxide, a chemical compound primarily used as a dehydrating agent, in the production of phosphoric acid, and in various industrial applications such as the synthesis of organic compounds. It is a critical raw material in the chemical and fertilizer industries, often linked to the production of phosphates for agricultural use. This category includes products with a high concentration of P2O5, reflecting its purity and industrial applicability. Global trade in this category is influenced by demand for fertilizers, industrial chemicals, and regional production capacities.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC) Trade Map
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Decreasing
$80 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements or for WTO members with specific commitments)
Rising demand for phosphate-based fertilizers
Increased export volumes from major producers like China and Morocco due to global agricultural needs
2021-2022
Shift towards sustainable chemical production
Growing emphasis on environmentally friendly production processes, impacting costs and trade policies
2020-2022
Geopolitical disruptions affecting supply chains
Sanctions and export restrictions on countries like Russia have led to supply shortages and price volatility
2022
China imposed export quotas on phosphate-based products, including those with high P2O5 content, to secure domestic supply for its agricultural sector.
October 2021
Global prices spiked by 15-20%, benefiting other exporters like Morocco while straining importers in Asia and Europe.
The European Union introduced stricter regulations on chemical imports, including P2O5 products, to align with environmental sustainability goals under the Green Deal.
January 2022
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant producers.
Morocco, a key player in the phosphate market, announced investments to increase production capacity of P2O5-related products.
March 2023
Expected to stabilize global supply and potentially lower prices in the medium term, enhancing Morocco’s market share.