HS Code:
Ethyl 2-chloro-3-{2-chloro-5-[4-(difluoromethyl)-3-methyl-5-oxo-4,5-dihydro-1H-1,2,4-triazol-1-yl]-4-fluorophenyl}propanoate, commonly known as Carfentrazone-ethyl (CAS No. 128639-02-1), is a selective contact herbicide used primarily in agriculture to control broadleaf weeds in crops such as cereals, corn, and soybeans. Classified under HS subheading 2933.99.22 for the active ingredient and 3808.93.15 for its formulations, this chemical belongs to the triazolinone class and acts by inhibiting protoporphyrinogen oxidase, leading to rapid weed desiccation. It is widely used in post-emergence applications due to its fast-acting nature and low residual activity in soil.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade, ITC Trade Map, and industry reports
$45 million USD
30% of total trade of total trade
Increasing
$35 million USD
23% of total trade of total trade
Increasing
$20 million USD
13% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Increasing
$10 million USD
7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries with protective agricultural policies)
Lowest Rate
0% (under free trade agreements such as USMCA and EU trade partnerships)
Growing demand for selective herbicides
Increased adoption of Carfentrazone-ethyl in major agricultural markets like the US and Brazil due to its efficacy in weed control and compatibility with integrated pest management practices.
2021-2023
Shift toward sustainable agriculture
Pressure on manufacturers to develop eco-friendly formulations with reduced environmental impact, potentially affecting market growth in regions with stringent regulations like the EU.
2020-2022
Rise in generic formulations
Post-patent expiration, increased production of cost-effective generic versions by manufacturers in China and India, leading to price competition and wider accessibility.
2019-2023
The European Union conducted a reassessment of Carfentrazone-ethyl under its pesticide regulation framework, focusing on environmental persistence and non-target organism effects.
Mid-2022
Potential restrictions or usage guidelines may reduce market access in EU countries, pushing manufacturers to explore alternative markets in Asia and Latin America.
A leading agrochemical company introduced a novel Carfentrazone-ethyl formulation with enhanced efficacy and lower application rates to minimize environmental impact.
Early 2023
This development is expected to boost adoption in markets prioritizing sustainable agricultural practices, potentially increasing trade volume in North America and Australia.
A new trade agreement between the US and several South American countries reduced tariffs on agrochemical products, including Carfentrazone-ethyl formulations.
Late 2022
Enhanced market access for US exporters, likely increasing trade volumes to Brazil and Argentina, key agricultural hubs.