HS Code:
Lanthanum phosphate, cerium terbium-doped (CAS No. 95823-34-0), classified under HS Code 2846.90.80, is a rare earth compound primarily used in the production of phosphors for lighting, displays, and optoelectronic devices. This material is critical in industries requiring high-performance luminescent materials, such as in energy-efficient lighting (e.g., fluorescent lamps and LEDs) and advanced imaging technologies. Its unique properties, derived from the doping with cerium and terbium, enhance its light-emitting capabilities under specific wavelengths. The global trade of this product is driven by demand in electronics, renewable energy technologies, and industrial applications.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database, supplemented by industry reports
$90 million USD
60% of total trade of total trade
Increasing
$25 million USD
16.7% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Increasing
$10 million USD
6.7% of total trade of total trade
Stable
$8 million USD
5.3% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
8% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements or for WTO members with specific exemptions)
Growing demand for energy-efficient lighting solutions
Increased demand for lanthanum phosphate in LED and fluorescent lighting applications, driving trade volume growth by 10-15% annually
2021-2023
Shift towards sustainable rare earth sourcing
Pressure on exporters to adopt environmentally friendly extraction and processing methods, potentially increasing costs but improving market access in eco-conscious regions like the EU
2022-2023
Rising geopolitical tensions over rare earth supply
Countries are diversifying supply chains away from dominant producers like China, leading to increased trade with alternative suppliers and higher prices
2020-2023
China announced tighter export controls on rare earth materials, including lanthanum compounds, to prioritize domestic supply for high-tech industries.
October 2023
Potential short-term supply shortages in global markets, with prices expected to rise by 5-10% in Q4 2023.
The US government allocated $120 million to develop domestic rare earth processing facilities, aiming to reduce reliance on imports for critical materials like lanthanum phosphate.
June 2023
Long-term potential for increased US production and reduced import dependency, though significant impacts are not expected before 2025.
The European Union launched a funding program to support green technologies, boosting demand for rare earth phosphors in energy-efficient lighting and displays.
March 2023
Expected to increase imports of lanthanum phosphate by 8-12% in the EU market over the next two years.