HS Code:
Copper chlorophthalocyanine (30 to 35 percent pure), not ready for use as pigment, falls under HS Code 3204.17.60. This product is a synthetic organic coloring matter, specifically a phthalocyanine compound, used as an intermediate in the production of pigments and dyes. It is identified by CAS Nos. 16040-69-0 (65-70 percent by weight) and 12239-87-1 (30-35 percent by weight). This chemical is primarily utilized in industries such as textiles, plastics, and coatings for its vibrant color properties and stability. Global trade of this product is influenced by demand for high-quality pigments in industrial applications, particularly in emerging markets.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database, ITC Trade Map
$60 million USD
40% of total trade of total trade
Increasing
$45 million USD
30% of total trade of total trade
Stable
$20 million USD
13% of total trade of total trade
Increasing
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-India FTA for specific partners)
Rising demand for eco-friendly pigments
Increased interest in sustainable production methods for copper chlorophthalocyanine, pushing exporters to adopt greener technologies.
2021-2023
Growth in Asia-Pacific textile and plastics industries
Significant boost in demand for intermediates like copper chlorophthalocyanine, especially from India and China as manufacturing hubs.
2020-2022
Fluctuating raw material costs
Price volatility in copper and petrochemical derivatives affects production costs and trade margins.
2022
The European Union introduced new REACH regulations targeting chemical intermediates, including copper chlorophthalocyanine, requiring detailed environmental impact assessments for imports.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant producers.
Major Indian chemical manufacturers announced investments in expanding production facilities for phthalocyanine compounds to meet growing global demand.
March 2023
Likely to solidify India's position as the leading exporter, potentially increasing global supply and stabilizing prices.
Ongoing trade disputes have led to tariffs on Chinese chemical exports, including intermediates like copper chlorophthalocyanine, redirecting some trade flows to other Asian countries.
October 2022
Shift in market dynamics, with countries like India and South Korea gaining market share in the US.