HS Code:
o-Chlorobenzonitrile, also known as 2-Chlorobenzonitrile, is an organic compound with the chemical formula C7H4ClN. It falls under the category of nitriles and is primarily used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and dyes. This compound is a key building block in the production of various chemical derivatives due to its reactivity and functional groups. It is typically classified under HS Code 292690, which covers other nitrile-function compounds.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand in pharmaceutical intermediates
Increased production and export from China and India due to growing generic drug manufacturing.
2021-2022
Shift towards sustainable chemical processes
Pressure on manufacturers to adopt greener synthesis methods, affecting cost structures.
2020-2022
Supply chain disruptions
Delays and cost increases due to global logistics challenges and raw material shortages.
2021
The European Union has introduced stricter REACH compliance requirements for nitrile compounds, including o-Chlorobenzonitrile, to ensure environmental and safety standards.
January 2023
Increased compliance costs for exporters to the EU; potential reduction in trade volume to this region.
Major Chinese chemical manufacturers have announced expansions in production facilities for nitrile intermediates to meet growing global demand.
March 2022
Likely to solidify China's dominance in the market, potentially lowering global prices due to economies of scale.
The United States has levied anti-dumping duties on o-Chlorobenzonitrile imports from certain countries to protect domestic producers.
October 2022
May shift trade flows towards other markets or encourage sourcing from alternative countries like India.