HS Code:
The Cyclanic, Cyclenic, or Cycloterpenic category (HS Code: 2902) includes cyclic hydrocarbons, which are organic compounds with carbon atoms arranged in a ring structure. These chemicals are crucial in various industries, including pharmaceuticals, agrochemicals, and the production of synthetic materials. Common products in this category include cyclopentane, cyclohexane, and their derivatives, often used as solvents, intermediates in chemical synthesis, and in the manufacture of nylon and other polymers.
Total Trade Volume
USD 5.8 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in pharmaceutical intermediates
Increased production and trade volume due to rising global healthcare needs
2021-2022
Shift towards sustainable chemical processes
Pressure on manufacturers to adopt greener production methods, affecting cost structures
2020-2022
Rising raw material costs
Higher production costs impacting export prices and competitiveness
2022
The European Union introduced new regulations requiring lower carbon footprints for imported cyclic hydrocarbons, affecting exporters from non-compliant regions.
June 2023
Potential trade barriers for non-EU exporters; increased compliance costs
A new phase of trade negotiations between the US and China reduced tariffs on certain chemical categories, including cyclanic compounds, to boost bilateral trade.
March 2023
Increased trade flows between the two largest markets; positive for global trade volume
A major chemical company in Japan developed a more efficient production process for cyclohexane, reducing costs and environmental impact.
September 2022
Potential shift in market competitiveness favoring Japanese exporters