HS Code:
p-Aminobenzamide (HS Code: 29242970) is an organic compound primarily used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and dyes. It belongs to the category of cyclic amides and derivatives, playing a crucial role in chemical manufacturing processes. Its demand is driven by the pharmaceutical industry for drug development and by the agricultural sector for pesticide production.
Total Trade Volume
USD 45 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in pharmaceutical applications
Increased production and export from major suppliers like China and India due to growing generic drug markets
2021-2022
Shift towards sustainable production
Manufacturers adopting greener synthesis methods to comply with environmental regulations, affecting production costs
2020-2022
Supply chain disruptions
COVID-19-related disruptions led to temporary shortages and price volatility in the global market
2020-2021
The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on p-Aminobenzamide among member countries, boosting trade in the Asia-Pacific region.
January 2022
Expected increase in exports from China and India to RCEP countries by 15% over the next two years.
The European Union introduced stricter REACH regulations for chemical intermediates, including p-Aminobenzamide, requiring detailed compliance documentation.
March 2023
Potential delays in exports to the EU and increased compliance costs for exporters.
The United States initiated an anti-dumping investigation into p-Aminobenzamide imports from certain countries, citing unfair pricing practices.
September 2022
Possible imposition of additional duties, affecting market share of investigated countries in the US.