HS Code:
Isophytol (HS Code: 2905.22.00) is an acyclic terpene alcohol primarily used as an intermediate in the synthesis of Vitamin E and other fragrance compounds. It is a key raw material in the pharmaceutical and cosmetics industries, often derived from petrochemical or renewable sources. Its trade is influenced by demand for Vitamin E in dietary supplements and animal feed, as well as regulatory standards for purity and environmental sustainability in production processes.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
USD 45 million
30% of total trade of total trade
Increasing
USD 30 million
20% of total trade of total trade
Stable
USD 25 million
16.7% of total trade of total trade
Increasing
USD 20 million
13.3% of total trade of total trade
Increasing
USD 10 million
6.7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US or within ASEAN)
Rising demand for Vitamin E in animal feed and human supplements
Increased import volumes in emerging markets like India and Brazil, driving up global trade by 8% annually
2021-2022
Shift towards sustainable and bio-based production
Higher production costs but growing preference in Europe and North America for eco-friendly Isophytol, influencing sourcing decisions
2020-2022
Supply chain disruptions due to geopolitical tensions
Price volatility and temporary shortages in key markets, with a 5% price increase in Q3 2022
2022
The European Union introduced stricter regulations on carbon emissions and waste management for chemical intermediates like Isophytol, impacting exporters to the region.
June 2023
Non-compliant producers may face market access barriers, while sustainable producers gain competitive advantage.
A bilateral agreement reduced tariffs on certain chemical products, including Isophytol, to promote trade between the two nations.
March 2023
Expected to boost exports from China to the US by 10% in 2023, potentially reshaping market shares.
A leading German chemical company opened a state-of-the-art facility for bio-based Isophytol production, increasing capacity by 20%.
September 2022
Strengthens Germanyโs position as a top exporter and supports the global shift towards sustainable sourcing.