HS Code:
Isoviolanthrone (C.I. Vat Violet 10, CAS No. 128-64-3) falls under HS Code 3204.15.80, which covers vat dyes and preparations based thereon. This chemical compound is a synthetic organic dye primarily used in the textile industry for dyeing cotton and other cellulosic fibers. It is known for its excellent color fastness and resistance to washing and light. The global trade of vat dyes, including Isoviolanthrone, is driven by demand in textile manufacturing hubs, particularly in Asia, where large-scale production of textiles occurs.
Total Trade Volume
Approximately $1.2 billion (for vat dyes category)
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$450 million
37.5% of total trade of total trade
Increasing
$300 million
25.0% of total trade of total trade
Increasing
$150 million
12.5% of total trade of total trade
Stable
$100 million
8.3% of total trade of total trade
Stable
$80 million
6.7% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards sustainable dyeing processes
Increased demand for eco-friendly vat dyes and bio-based alternatives, pushing manufacturers to innovate in greener production methods.
2021-2023
Growth in textile production in Southeast Asia
Higher demand for vat dyes like Isoviolanthrone in countries like Vietnam and Bangladesh, contributing to trade volume growth.
2020-2022
Rising raw material costs
Increased production costs for vat dyes due to supply chain disruptions and fluctuating petrochemical prices, affecting market prices.
2022
The European Union introduced stricter environmental compliance standards for imported dyes, including vat dyes, under the REACH regulation framework.
June 2023
Exporters to the EU, particularly from Asia, face higher compliance costs, potentially reducing trade volumes to this region.
China reported a 15% increase in vat dye exports in 2022, driven by competitive pricing and expanded production capacity.
January 2023
Strengthened China's position as the leading exporter, intensifying competition for other producing countries like India.
Several major manufacturers announced R&D investments in low-impact vat dyes to meet sustainability demands from the textile industry.
March 2023
Likely to shift market preference towards sustainable products, influencing long-term trade patterns.