HS Code:
Hydroxycitronellal (HS Code: 2912.30.00) is an aldehyde used primarily in the fragrance industry as a key ingredient in perfumes and personal care products. It imparts a fresh, floral, and citrus-like scent, often associated with lily of the valley. This chemical compound is synthesized for use in cosmetics, soaps, and detergents, and is valued for its stability and versatility in fragrance formulations. Due to its widespread use in consumer goods, it plays a significant role in the global chemical and cosmetics trade.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
UN Comtrade Database and industry reports
$45 million USD
30% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$25 million USD
17% of total trade of total trade
Increasing
$20 million USD
13% of total trade of total trade
Increasing
$15 million USD
10% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
10% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-US or within ASEAN)
Rising demand for natural and synthetic fragrance compounds
Increased production and trade volumes as consumer preference for personal care products grows, especially in emerging markets like India and Brazil
2021-2022
Shift towards sustainable and cruelty-free cosmetics
Pressure on manufacturers to ensure ethical sourcing and production of Hydroxycitronellal, influencing trade with stricter certification requirements
2020-2022
Regulatory scrutiny on allergens in fragrances
Potential reduction in usage in certain markets like the EU due to restrictions on allergens, pushing innovation in alternative compounds
2019-2022
The European Union updated its REACH regulations to include stricter limits on Hydroxycitronellal concentrations in cosmetic products due to its classification as a potential skin sensitizer.
March 2023
Exporters to the EU market must adapt formulations or face restricted access, potentially reducing trade volumes to Europe while increasing compliance costs.
A bilateral agreement reduced tariffs on chemical intermediates, including Hydroxycitronellal, fostering greater trade between the two countries.
January 2023
Increased export opportunities for Chinese manufacturers to the US, potentially shifting market share dynamics.
Major fragrance companies in France and Switzerland announced investments in greener synthesis methods for Hydroxycitronellal to meet sustainability demands.
September 2022
Likely to strengthen the competitive position of European producers in global markets, especially among eco-conscious consumers.