HS Code:
Cuprous oxide (HS Code: 2825.50) is a chemical compound with the formula Cu2O, commonly used as a pigment, fungicide, and in the production of copper salts. It appears as a red or yellowish powder and is widely utilized in industries such as ceramics, glass manufacturing, and as an antifouling agent in marine paints. Its role in electronics, particularly in solar cells and semiconductors, has grown due to its unique electrical properties. Global trade of cuprous oxide is influenced by industrial demand, environmental regulations, and raw material availability.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
USD 60 million
40% of total trade of total trade
Increasing
USD 25 million
16.7% of total trade of total trade
Stable
USD 15 million
10% of total trade of total trade
Increasing
USD 12 million
8% of total trade of total trade
Increasing
USD 10 million
6.7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in renewable energy sector
Increased use in solar cell manufacturing has boosted trade volumes, particularly in Asia-Pacific regions.
2021-2022
Stringent environmental regulations
Restrictions on antifouling paints have reduced demand in some marine applications, affecting European markets.
2020-2022
Fluctuating copper prices
Raw material cost volatility has influenced production costs and trade margins globally.
2019-2022
The European Union updated its REACH regulations, imposing stricter controls on the use of cuprous oxide in consumer products due to potential toxicity concerns.
March 2023
Expected to reduce EU imports by 10-15% in the short term, pushing manufacturers to seek alternative markets.
Major Chinese chemical manufacturers announced investments to expand cuprous oxide production to meet growing domestic and export demand.
July 2022
Likely to reinforce China's dominance in global supply, potentially lowering prices due to economies of scale.
A new bilateral agreement reduced tariffs on certain chemical compounds, including cuprous oxide, fostering trade between the two nations.
January 2023
Anticipated to increase US imports from China by 5-8% in 2023, benefiting American industries reliant on affordable raw materials.