HS Code:
Ethyl acrylate (HS Code: 2916.12.20) is an organic compound primarily used as a monomer in the production of polymers and copolymers. It is widely utilized in the manufacture of paints, coatings, adhesives, textiles, and plastics due to its ability to form flexible and durable materials. Ethyl acrylate is a colorless liquid with a characteristic acrid odor and is highly reactive, making it a key raw material in various industrial applications. The global trade of ethyl acrylate is influenced by demand in the construction, automotive, and packaging industries, as well as by regional production capacities and regulatory frameworks.
Total Trade Volume
Approximately 1.2 million metric tons
Data from 2022
Source
International Trade Centre (ITC) Trade Map, UN Comtrade Database
350,000 metric tons
29% of global trade of total trade
Increasing
250,000 metric tons
21% of global trade of total trade
Stable
180,000 metric tons
15% of global trade of total trade
Increasing
120,000 metric tons
10% of global trade of total trade
Stable
100,000 metric tons
8% of global trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in Asia-Pacific
Increased production and export from China and South Korea due to rapid industrialization and urbanization driving demand for paints and adhesives.
2021-2023
Shift toward sustainable alternatives
Rising interest in bio-based acrylates as environmental regulations tighten, potentially reducing demand for traditional ethyl acrylate in some markets.
2022-2023
Supply chain disruptions
Global shipping delays and raw material shortages have led to price volatility and trade imbalances in the ethyl acrylate market.
2021-2022
The European Union introduced new safety and environmental regulations under REACH, requiring stricter labeling and handling protocols for ethyl acrylate to minimize health and environmental risks.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant regions.
Several Chinese manufacturers announced plans to expand ethyl acrylate production facilities to meet growing domestic and international demand, supported by government incentives.
July 2022
Likely to solidify China’s position as the leading exporter, potentially leading to oversupply and downward pressure on global prices.
The United States initiated an anti-dumping investigation into ethyl acrylate imports from certain countries, citing unfair pricing practices.
October 2022
Possible imposition of tariffs on specific exporters, which could shift trade flows and benefit domestic producers in the short term.