HS Code:
n-Propyl acetate (HS Code: 2915.39) is an ester of acetic acid and n-propanol, commonly used as a solvent in coatings, inks, and adhesives due to its favorable evaporation rate and solvency properties. It is a colorless liquid with a mild fruity odor and is widely utilized in industrial applications, including the automotive and printing industries. The global trade of n-Propyl acetate is driven by demand in manufacturing sectors, particularly in regions with strong industrial bases.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$75 million USD
30% of total trade of total trade
Increasing
$50 million USD
20% of total trade of total trade
Stable
$40 million USD
16% of total trade of total trade
Increasing
$30 million USD
12% of total trade of total trade
Stable
$20 million USD
8% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand in automotive coatings
Increased trade volume in regions with strong automotive manufacturing, such as North America and East Asia
2021-2022
Shift towards eco-friendly solvents
Potential decline in demand as industries explore greener alternatives to traditional solvents like n-Propyl acetate
2022-2023
Rising production capacity in Asia-Pacific
Lower prices and higher export volumes from countries like China and South Korea
2020-2022
The European Union introduced tighter regulations on volatile organic compounds, impacting the use and import of n-Propyl acetate in industrial applications.
March 2023
Potential reduction in EU imports; push for alternative solvents
A new bilateral trade agreement reduced tariffs on chemical solvents, including n-Propyl acetate, between the US and China.
January 2023
Boost in trade volume between the two countries, benefiting exporters
Major chemical manufacturers in China announced the expansion of n-Propyl acetate production facilities to meet growing regional demand.
September 2022
Increased global supply, potentially leading to competitive pricing