HS Code:
Polyoxin D Zinc Salt, with the chemical name Formulations of zinc 1-{(2R, 3R, 4S, 5R)-5-[(S)-{[(2S, 3S, 4S)-2-amino-5-(carbamoyloxy)-3,4-dihydroxypentanoyl] amino}(carboxylato)methyl]-3,4-dihydroxytetrahydro-2-furanyl}-2,4-dioxo-1,2,3,4-tetrahydro-5-pyrimidinecarboxylate (CAS No. 146659-78-1), falls under HS Code 3808.92.50. This product is classified as a fungicide used primarily in agriculture to control fungal diseases in crops. It works by inhibiting chitin synthesis in fungal cell walls, making it an effective biopesticide with low toxicity to non-target organisms. It is widely used in integrated pest management (IPM) programs due to its environmental safety profile.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
$6 million USD
40% of total trade of total trade
Increasing
$3.5 million USD
23% of total trade of total trade
Increasing
$2 million USD
13% of total trade of total trade
Stable
$1.5 million USD
10% of total trade of total trade
Increasing
$1 million USD
7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for biopesticides
Increased adoption of Polyoxin D Zinc Salt due to its eco-friendly profile and effectiveness against resistant fungal strains
2020-2022
Regulatory push for sustainable agriculture
Stricter regulations on synthetic pesticides have boosted the market for natural fungicides like Polyoxin D
2021-2023
Expansion in organic farming
Rising organic farming practices globally have increased the use of approved biopesticides, including Polyoxin D Zinc Salt
2019-2022
The European Union approved the use of Polyoxin D Zinc Salt in specific crop applications, expanding its market access in member states.
March 2023
Expected to increase trade volume by 15% in European markets over the next two years
Japan, a key producer, has ramped up production and export of Polyoxin D Zinc Salt to meet rising demand in Asia-Pacific countries.
June 2022
Strengthened Japan's position as the leading exporter, potentially influencing global pricing
The US Environmental Protection Agency re-approved Polyoxin D Zinc Salt for use in additional crops, including specialty fruits and vegetables.
September 2021
Boosted domestic demand and import requirements in the US market