HS Code:
Dichlorotetrafluoroethane, commonly referred to as CFC-114, falls under HS Code 2903.77. It is a chlorofluorocarbon (CFC) historically used as a refrigerant, aerosol propellant, and in other industrial applications. Due to its ozone-depleting properties, its production and use have been heavily restricted under the Montreal Protocol, leading to a significant decline in global trade. Today, trade in CFC-114 is limited to specific exemptions for essential uses or recycling purposes in some regions, with strict regulatory oversight.
Total Trade Volume
Approximately $1.2 million USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$450,000 USD
37.5% of total trade of total trade
Decreasing
$300,000 USD
25.0% of total trade of total trade
Stable
$200,000 USD
16.7% of total trade of total trade
Decreasing
$150,000 USD
12.5% of total trade of total trade
Stable
$100,000 USD
8.3% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
10% (imposed by certain developing countries for environmental protection)
Lowest Rate
0% (under specific trade agreements or exemptions for essential uses)
Declining global demand due to phase-out under Montreal Protocol
Significant reduction in production and trade; focus shifting to recycling and reclamation of existing stocks
2020-2022
Increased regulatory scrutiny and enforcement
Stricter controls and penalties for non-compliance, leading to reduced illegal trade
2021-2023
Shift to alternative refrigerants and technologies
Market substitution with hydrofluorocarbons (HFCs) and other eco-friendly alternatives, further diminishing CFC-114 trade
2019-2022
Amendments to the Montreal Protocol have tightened controls on CFC trade, with enhanced monitoring mechanisms introduced to prevent illegal trafficking of ozone-depleting substances like CFC-114.
January 2023
Expected further reduction in trade volumes as countries align with stricter regulations.
The European Union implemented a complete ban on the import of CFC-114, even for recycling purposes, to meet its climate and environmental goals.
July 2022
Significant decline in trade within European markets, redirecting limited trade to other regions.
The United Nations Environment Programme (UNEP) released a report highlighting instances of illegal CFC-114 trade in Asia-Pacific, prompting regional governments to enhance border controls.
March 2023
Increased seizures and penalties may deter illegal trade, further reducing overall trade volume.