HS Code:
Cyclohexane (HS Code: 290211) is a cycloalkane with the molecular formula C6H12. It is a colorless, flammable liquid with a mild, sweet odor, primarily used as a precursor in the production of nylon through the synthesis of adipic acid and caprolactam. Cyclohexane is also utilized as a solvent in various industrial applications, including paints, varnishes, and adhesives. Its demand is closely tied to the performance of the automotive, textile, and chemical industries globally.
Total Trade Volume
USD 3.5 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 for nylon in automotive and textile sectors
Increased cyclohexane production and trade, particularly in Asia-Pacific, as manufacturers scale up to meet demand for lightweight materials.
2021-2023
Shift towards bio-based alternatives
Potential reduction in cyclohexane demand as sustainable chemical processes gain traction, though adoption remains limited due to cost constraints.
2022-2025
Volatility in crude oil prices
Fluctuations in cyclohexane prices and trade volumes due to its derivation from petroleum-based feedstocks, affecting profitability for exporters.
2020-2023
Major chemical companies in China announced new cyclohexane production facilities to cater to rising domestic and regional demand for nylon precursors.
March 2023
Likely to increase China’s export share, potentially leading to oversupply and price competition in global markets.
The European Union introduced new regulations on the handling and transportation of hazardous chemicals like cyclohexane to reduce environmental risks.
July 2022
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant regions.
Ongoing trade disputes have led to retaliatory tariffs on chemical products, including cyclohexane, impacting bilateral trade flows.
October 2022
Disruption in supply chains, with US importers seeking alternative suppliers from South Korea and Japan.