HS Code:
The category of o-Aminophenol and 2,2-Bis[4-(4-aminophenoxy)phenyl]propane falls under HS Code 292229, which includes amino-phenols and their derivatives. o-Aminophenol is an organic compound used primarily as an intermediate in the production of dyes, pharmaceuticals, and agrochemicals. 2,2-Bis[4-(4-aminophenoxy)phenyl]propane is a specialized chemical often utilized in the manufacture of high-performance polymers and resins, such as polyimides, due to its thermal and chemical stability. These chemicals are critical in industries requiring high durability and resistance to extreme conditions, including aerospace, electronics, and automotive sectors. Global trade in these chemicals is driven by demand for advanced materials and intermediates in developing and developed economies alike.
Total Trade Volume
Approximately USD 150 million
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
USD 60 million
40% of total trade of total trade
Increasing
USD 30 million
20% of total trade of total trade
Increasing
USD 20 million
13.3% of total trade of total trade
Stable
USD 15 million
10% of total trade of total trade
Stable
USD 10 million
6.7% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Growing demand for high-performance polymers
Increased trade volume for 2,2-Bis[4-(4-aminophenoxy)phenyl]propane due to rising applications in aerospace and electronics industries
2021-2023
Shift towards sustainable chemical production
Pressure on producers of o-Aminophenol to adopt greener synthesis methods, affecting production costs and trade competitiveness
2020-2022
Regionalization of supply chains
Post-COVID supply chain disruptions have led to increased intra-regional trade, particularly in Asia-Pacific, reducing dependency on long-distance imports
2021-2023
China introduced tighter export controls on certain chemical intermediates, including o-Aminophenol, to prioritize domestic supply for its growing dye and pharmaceutical industries.
March 2023
Potential price increases globally and opportunities for alternative suppliers like India to capture market share.
The European Union updated its REACH regulations, imposing stricter safety data requirements for the import and use of amino-phenol derivatives.
January 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes in the short term.
The United States granted temporary tariff waivers on select specialty chemicals, including derivatives of 2,2-Bis[4-(4-aminophenoxy)phenyl]propane, to support domestic manufacturing.
July 2022
Boosted imports from key partners like Japan and Germany, enhancing supply for US-based polymer industries.