HS Code:
p-Hydroxybenzoic acid (HS Code: 29182910) is an organic compound commonly used as a precursor in the production of parabens, which are widely utilized as preservatives in cosmetics, pharmaceuticals, and food products. It is also employed in the synthesis of various chemicals and as an intermediate in the manufacturing of polymers and other industrial materials. This compound is a critical component in industries requiring antimicrobial and antifungal properties.
Total Trade Volume
Approximately $120 million USD
Data from 2022
Source
UN Comtrade Database and International Trade Centre (ITC)
$50 million USD
41.7% of total trade of total trade
Increasing
$25 million USD
20.8% of total trade of total trade
Increasing
$15 million USD
12.5% of total trade of total trade
Stable
$10 million USD
8.3% of total trade of total trade
Stable
$8 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in cosmetics and personal care industry
Increased exports from major producers like China and India due to rising global demand for paraben-based preservatives
2021-2022
Shift towards natural alternatives
Slight reduction in demand for synthetic p-Hydroxybenzoic acid derivatives as consumers prefer natural preservatives
2020-2022
Technological advancements in production
Improved production efficiency and cost reduction in key exporting countries, boosting competitiveness
2019-2022
The European Union introduced stricter regulations on the use of parabens in cosmetics, requiring detailed safety assessments for products containing p-Hydroxybenzoic acid derivatives.
March 2023
Potential reduction in EU imports; exporters must adapt to new compliance standards
Major Chinese manufacturers announced investments in expanding production facilities for p-Hydroxybenzoic acid to meet rising global demand.
July 2022
Likely to solidify Chinaโs position as the leading exporter, potentially lowering global prices
The United States revised tariffs on certain chemical imports, including p-Hydroxybenzoic acid, as part of broader trade negotiations with Asian suppliers.
January 2023
May affect import volumes from China and India, with potential shifts to alternative suppliers