HS Code:
Glyoxal (CAS No. 107-22-2), classified under HS Code 2912.19.30, is an organic compound used primarily as a cross-linking agent in the production of textiles, paper, and resins. It is also utilized in the chemical industry for the synthesis of pharmaceuticals and agrochemicals. Glyoxal appears as a yellow liquid or crystalline solid and is known for its reactivity due to its dialdehyde structure. Its global trade is influenced by demand in industrial applications, environmental regulations, and production capacities in key manufacturing regions.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$80 million USD
32% of total trade of total trade
Increasing
$65 million USD
26% of total trade of total trade
Increasing
$40 million USD
16% of total trade of total trade
Stable
$25 million USD
10% of total trade of total trade
Stable
$15 million USD
6% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand in textile and paper industries
Increased production and export from key manufacturing hubs like China and Germany due to growth in downstream industries.
2021-2022
Shift towards sustainable production methods
Manufacturers are investing in bio-based glyoxal to meet stringent environmental regulations, particularly in the EU.
2020-2022
Fluctuating raw material prices
Price volatility of ethylene glycol, a key raw material, has affected production costs and trade margins.
2022
The European Union introduced new regulations requiring lower emission standards for glyoxal production and import, impacting non-compliant exporters.
March 2023
Increased production costs for non-EU exporters; potential market share growth for compliant European producers.
Major Chinese chemical companies announced plans to increase glyoxal production capacity by 20% to meet growing domestic and international demand.
January 2023
Likely to intensify competition and influence global pricing dynamics.
Recent trade negotiations have led to a temporary reduction in tariffs on chemical intermediates, including glyoxal, between the US and China.
September 2022
Facilitates smoother trade flows and reduces costs for US importers of Chinese glyoxal.