HS Code:
D- or DL-Pantothenic acid, commonly known as Vitamin B5, and its derivatives fall under HS Code 2936.24. This category includes pantothenic acid and its salts and esters, which are essential in various biochemical processes, including the synthesis of coenzyme A. Vitamin B5 is widely used in dietary supplements, pharmaceuticals, cosmetics, and animal feed additives due to its role in metabolism and skin health. The global trade of this product category is driven by demand in health and wellness sectors, as well as agricultural applications for livestock nutrition.
Total Trade Volume
USD 320 million
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-USMCA)
Rising demand for dietary supplements
Increased trade volume due to growing consumer awareness of health and wellness, particularly post-COVID-19
2020-2022
Growth in animal feed additives
Higher exports to agricultural economies as livestock nutrition becomes a priority for meat production
2021-2023
Shift toward sustainable production
Manufacturers adopting greener synthesis methods, influencing supply chain costs and trade preferences
2022-2023
A major Chinese manufacturer announced the opening of a new production plant for Vitamin B5 derivatives, increasing export capacity by 20%.
March 2023
Likely to reinforce China's dominance in the market, potentially lowering global prices due to increased supply.
The European Union updated its regulations on the use of pantothenic acid in cosmetics, imposing stricter purity standards.
July 2023
May increase compliance costs for exporters to the EU, potentially affecting smaller suppliers.
The United States granted a temporary tariff waiver on Vitamin B5 imports from select countries to address domestic shortages in the pharmaceutical sector.
September 2023
Expected to boost imports from countries like China and Germany, stabilizing supply chains in the short term.